Gendell David B. 4

What Happened
David B. Gendell, a director of IES Holdings, Inc. (ticker: IESC), was granted 53 Phantom Stock Units (PSUs) on April 1, 2026. The units were awarded at a price of $0.00 (total reported value $0) as part of his retainer election and represent a future right to common stock rather than an immediate stock purchase.

Key Details

• Transaction date: 2026-04-01 (Report filed: 2026-04-02)
• Transaction type/code: Award/Grant (A)
• Amount: 53 Phantom Stock Units; Price per unit: $0.00; Total cash value reported: $0
• Shares owned following transaction: Not specified in the filing
• Footnote: PSUs were granted under the IES 2006 Equity Incentive Plan and convert to one share of IES common stock when the director leaves the board or upon a change of control (per footnote F1)
• Filing timeliness: Report filed the next day (appears timely)

Context
Phantom Stock Units are a form of deferred compensation/derivative award — they do not represent immediately tradable shares and typically convert to actual shares (or cash) only upon specified events (here, board departure or change of control). This award reflects routine board compensation (an election to receive PSUs in lieu of cash or stock) rather than a market purchase or sale.