GENDELL JEFFREY L ET AL 4
4 · IES Holdings, Inc. · Filed May 28, 2026
Research Summary
AI-generated summary of this filing
IES Holdings (IESC) 10% Owner Jeffrey L. Gendell Sells Shares
What Happened
- Jeffrey L. Gendell, a reported 10% owner of IES Holdings, sold a total of 32,365 shares of IESC common stock in multiple open‑market transactions on May 26–27, 2026. The trades generated approximately $22.84 million in proceeds. Reported per‑share prices ranged from $702.24 to $710.14 (weighted averages reported for several lots).
Key Details
- Transaction dates: May 26–27, 2026 (Form 4 filed May 28, 2026).
- Shares sold: 32,365 total; aggregate proceeds ≈ $22,839,955.
- Price range (reported/weighted): $702.24 to $710.14; several footnotes report narrower price ranges for specific lots (see F1, F7–F11).
- Shares owned after sale: Mr. Gendell directly owned 44,599 shares before these disposals; after selling 32,365 shares he directly holds 12,234 shares. He also holds 65,069 phantom stock units and has indirect/related holdings through Tontine entities (see F3–F6).
- Filing timeliness: Form 4 filed May 28, 2026 for May 26–27 trades — filed within the typical Section 16 reporting window (timely).
- Notable footnotes: Sales were of shares directly held by Mr. Gendell (F1). The report is filed jointly with several Tontine entities and disclaims certain beneficial ownerships per usual partnership structures (F2–F6). Several lots use weighted average prices with disclosed intra‑range prices on request (F1, F7–F11).
Context
- This filing reports open‑market sales (code S). Mr. Gendell is a 10% owner and managing member of related investment entities that hold additional IES stock; these sales were of his directly held shares. Sales are routine disclosures of insider activity; they do not by themselves indicate company performance or management intent.
Insider Transaction Report
Form 4
GENDELL JEFFREY L ET AL
DirectorExecutive Chairman10% Owner
Transactions
- Sale
Common Stock, par value $0.01 per share
[F1][F2][F3][F4][F5][F6]2026-05-26$702.24/sh−2,006$1,408,693→ 10,483,638 total(indirect: See footnotes) - Sale
Common Stock, par value $0.01 per share
[F2][F3][F4][F5][F6]2026-05-26$703.89/sh−49$34,491→ 10,483,589 total(indirect: See footnotes) - Sale
Common Stock, par value $0.01 per share
[F7][F2][F3][F4][F5][F6]2026-05-27$702.65/sh−6,000$4,215,900→ 10,477,589 total(indirect: See footnotes) - Sale
Common Stock, par value $0.01 per share
[F2][F3][F4][F5][F6]2026-05-27$703.51/sh−2,250$1,582,898→ 10,475,339 total(indirect: See footnotes) - Sale
Common Stock, par value $0.01 per share
[F8][F2][F3][F4][F5][F6]2026-05-27$705.38/sh−8,251$5,820,090→ 10,467,088 total(indirect: See footnotes) - Sale
Common Stock, par value $0.01 per share
[F9][F2][F3][F4][F5][F6]2026-05-27$706.60/sh−4,000$2,826,400→ 10,463,088 total(indirect: See footnotes) - Sale
Common Stock, par value $0.01 per share
[F10][F2][F3][F4][F5][F6]2026-05-27$708.10/sh−7,000$4,956,700→ 10,456,088 total(indirect: See footnotes) - Sale
Common Stock, par value $0.01 per share
[F11][F2][F3][F4][F5][F6]2026-05-27$710.14/sh−2,809$1,994,783→ 10,453,279 total(indirect: See footnotes)
Footnotes (11)
- [F1]All shares reported as sold in this Form 4 were shares directly held by Jeffrey L. Gendell ("Mr. Gendell"). The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $702.24 to $702.49, inclusive. The reporting person undertakes to provide IES Holdings, Inc. (the "Issuer"), any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F10]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $707.72 to $708.54, inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F11]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $710.11 to $710.37, inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F2]This report is filed jointly by Tontine Capital Partners, L.P., a Delaware limited partnership ("TCP"), Tontine Capital Management, L.L.C., a Delaware limited liability company ("TCM"), Tontine Management, L.L.C., a Delaware limited liability company ("TM"), Tontine Capital Overseas Master Fund II, L.P., a Delaware limited partnership ("TCP 2"), Tontine Asset Associates, L.L.C., a Delaware limited liability company ("TAA"), Tontine Associates, L.L.C., a Delaware limited liability company ("TA"), Tontine Capital Overseas GP, L.L.C., a Delaware limited liability company ("TCO"), and Mr. Gendell. Mr. Gendell is the managing member of: (a) TCM, the general partner of TCP; (b) TM; (c) TAA, the general partner of TCP 2; (d) TA; and (e) TCO.
- [F3]TCP directly owns 5,524,391 shares of Common Stock, TCM directly owns 1,910,529 shares of Common Stock, TM directly owns 1,410,162 shares of Common Stock, TCP 2 directly owns 710,934 shares of Common Stock, TAA directly owns 96,891 shares of Common Stock, TA directly owns 640,057 shares of Common Stock, TCO directly owns 47,284 shares of Common Stock, Mr. Gendell directly owns 44,599 shares of Common Stock and 65,069 phantom stock units granted to him pursuant to the IES Holdings, Inc. 2006 Equity Incentive Plan, as amended and restated, and Mr. Gendell's adult children own 3,363 shares of Common Stock through trusts for which Mr. Gendell acts as trustee.
- [F4]All of the foregoing securities may be deemed to be beneficially owned by Mr. Gendell. The foregoing securities held by TCP may be deemed to be beneficially owned by TCM. The foregoing securities held by TCP 2 may be deemed to be beneficially owned by TAA.
- [F5]Mr. Gendell disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to securities directly owned by Mr. Gendell or representing Mr. Gendell's pro rata interest in, and interest in the profits of, TCM, TCP, TM, TCP 2, TAA, TA and TCO. TCM disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to securities directly owned by TCM or representing TCM's pro rata interest in, and interest in the profits of, TCP.
- [F6]TAA disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to securities directly owned by TAA or representing TAA's pro rata interest in, and interest in the profits of, TCP 2. TA disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to securities directly owned by TA. TM disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to securities directly owned by TM. TCO disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to securities directly owned by TCO.
- [F7]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $702.37 to $703.33, inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F8]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $704.89 to $705.73, inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F9]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $706.38 to $706.81, inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.