POWELL THOMAS W 4

What Happened

• Thomas W. Powell, a reported 10% owner of Powell Industries (POWL), transferred (gifted) 2,000 shares of POWL common stock to the KRP 2025 Revocable Trust (a spousal trust) on March 11, 2026. The transaction is reported as a gift (code G) with an indicated price of $0.00 (no cash proceeds).

Key Details

• Transaction date: 2026-03-11; transaction type: Gift (G); reported price: $0.00.
• Shares disposed: 2,000 (reported by the insider); Shares acquired: 2,000 (held directly by the Spousal Trust).
• Shares owned after transaction: Not specified on this Form 4.
• Footnotes: The shares were gifted to the KRP 2025 Revocable Trust for the benefit of the reporting person’s spouse. The reporting person disclaims beneficial ownership of securities held by that Spousal Trust; the spouse is the sole trustee.
• Filing timeliness: Form filed 2026-03-12 for a 2026-03-11 transaction (appears timely; no late-filing flag).

Context

• Gifts are transfers of ownership, not open‑market sales or purchases, and generally do not by themselves indicate the insider’s market view. As a 10% owner, this is an insider-level transfer but the filing includes a disclaimer of beneficial ownership for the shares held in the spousal trust (except for any pecuniary interest).