POWELL THOMAS W 4

What Happened
Thomas W. Powell, a reported 10% owner of Powell Industries (POWL), sold a total of 25,316 shares in multiple open-market transactions between Feb 11 and Feb 13, 2026. The sales totaled approximately $15.13 million. Individual tranches reported were: 7,976 shares at a weighted avg $592.27 ($4.72M), 2,309 shares at $593.57 ($1.37M), 8,511 shares at $600.56 ($5.11M), 6,320 shares at $601.39 ($3.80M), 80 shares at $602.58 ($48k), and 120 shares at $600.06 ($72k). These were disposals (sales), not purchases.

Key Details

• Transaction dates: Feb 11, 2026; Feb 12, 2026; Feb 13, 2026. All reported as sales (S).
• Reported price details: each line uses a weighted-average price; reported price ranges per footnotes:
  • F1: $592.00–$592.97 (for the 7,976-shares tranche)
  • F2: $593.00–$593.84 (2,309 shares)
  • F3: $600.00–$600.82 (8,511 shares)
  • F4: $601.00–$601.945 (6,320 shares)
  • F5: $602.55–$602.60 (80 shares)
  • F6: $600.00–$600.19 (120 shares)
• Total sold: 25,316 shares for about $15.13 million.
• Shares owned after transaction: not specified in the provided filing data.
• Notable footnotes: F7 indicates some shares are held directly by Powell’s spouse; F8 states the reporting person disclaims beneficial ownership except to the extent of any pecuniary interest.
• Filing: Form filed 2026-02-13 covering transactions through Feb 11–13; no late-filing flag noted in the provided data.

Context
This report documents open-market sales by a 10% owner rather than an executive option exercise or a gift. Sales by large holders can be for many reasons (liquidity, portfolio rebalancing, tax planning) and do not necessarily indicate a change in company outlook. Because these are outright disposals, they are not a bullish signal of additional insider buying.