POWELL THOMAS W 4
4 · POWELL INDUSTRIES INC · Filed Mar 23, 2026
Research Summary
AI-generated summary of this filing
Powell Industries (POWL) 10% Owner Thomas W. Powell Sells Shares
What Happened
Thomas W. Powell, a 10% owner of Powell Industries (POWL), disposed of 49,778 shares on 2026-03-19. The shares were valued at $502.23 each, for a total notional value of $25,000,005. The transaction is reported as a sale (Code S) but, per the filing, the Powell shares were contributed to an exchange fund in exchange for shares of that fund rather than a typical open-market cash sale.
Key Details
- Transaction date and price: 2026-03-19 at $502.23 per share.
- Shares transacted: 49,778; aggregate value reported as $25,000,005.
- Shares owned after transaction: Not specified in this filing.
- Footnotes of interest:
- F1: Shares were contributed to an exchange fund; the $502.23/share valuation was used to determine exchange-fund shares issued to Powell.
- F2: Some Powell shares are held by the KRP 2025 Revocable Trust for the reporting person’s spouse; the reporting person disclaims beneficial ownership of those trust-held shares.
- F3: The reporting person generally disclaims beneficial ownership of certain securities except to the extent of any pecuniary interest.
- Filing timeliness: Report filed 2026-03-23 for a 2026-03-19 transaction; filing appears to be timely under Section 16 reporting rules.
Context
Contributing shares to an exchange fund is a form of non-cash disposition where the insider receives interests in a pooled investment vehicle rather than direct cash. Such transactions are commonly used for diversification or tax planning; the filing only reports the transfer and valuation and does not state Powell’s personal reasons. As a 10% owner (not necessarily an executive trade), this transfer is an ownership reallocation rather than an open-market sale signaling immediate liquidation.
Insider Transaction Report
- Sale
Common Stock
[F1]2026-03-19$502.23/sh−49,778$25,000,005→ 598,694 total
- 6,000(indirect: By Trust)
Common Stock
[F2][F3] - 1,623,328(indirect: Held in TWP Holdings)
Common Stock
[F3]
Footnotes (3)
- [F1]The reporting person contributed 49,778 shares of POWL common stock to an exchange fund in exchange for shares of the exchange fund. The POWL common stock was valued at $502.23 per share for the purpose of determining the number of shares of the exchange fund issuable to the reporting person.
- [F2]These shares are held directly by the KRP 2025 Revocable Trust, a trust established for the benefit of the reporting person's spouse ("Spousal Trust"). The reporting person's spouse is the sole trustee of the Spousal Trust. The reporting person disclaims beneficial ownership of the securities held by the Spousal Trust, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
- [F3]For purposes of Section 16 of the Securities Exchange Act of 1934, as amended, the reporting person disclaims beneficial ownership of any such securities, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that such reporting person is the beneficial owner of such securities for purposes of Section 16 or otherwise.