Matthew J. Simmes - 22 Nov 2024 Form 4 Insider Report for IES Holdings, Inc. (IESC)

Role: President and COO
Signature: /s/ Mary K. Newman, Attorney-in-Fact
Issuer symbol: IESC
Transactions as of: 22 Nov 2024
Transactions value $: $2,316,935
Form type: 4
Filing time: 26 Nov 2024, 17:10:38 UTC
Previous filing: 09 May 2024
Next filing: 29 Nov 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	IESC	Common Stock	Award	$3.82M	+13.7K	+18.79%	$278.01	86.9K	22 Nov 2024	Direct	F1
transaction	IESC	Common Stock	Tax liability	-$1.5M	-5.41K	-6.22%	$278.01	81.4K	22 Nov 2024	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On December 3, 2021, Mr. Simmes was granted shares of time- and performance-based phantom stock units ("PSUs") pursuant to the IES Holdings, Inc. 2006 Equity Incentive Plan, as amended and restated (the "2006 Equity Incentive Plan"). Each PSU represented a contractual right in respect of one share of the Issuer's Common Stock and would vest, if at all, upon the achievement of certain specified annual financial performance objectives and the continued performance of services through the scheduled vesting date. On November 22, 2024, upon the filing of the Issuer's Annual Report on Form 10-K for its fiscal year ended September 30, 2024, the performance and service criteria were determined to have been met, resulting in the vesting of 13,740 time- and performance-based PSUs under this award.
F2	Represents shares of Common Stock withheld to satisfy the tax obligation resulting from the vesting of the time- and performance-based phantom stock units granted to Mr. Simmes on December 3, 2021 pursuant to the 2006 Equity Incentive Plan.

Content

On December 3, 2021, Mr. Simmes was granted shares of time- and performance-based phantom stock units ("PSUs") pursuant to the IES Holdings, Inc. 2006 Equity Incentive Plan, as amended and restated (the "2006 Equity Incentive Plan"). Each PSU represented a contractual right in respect of one share of the Issuer's Common Stock and would vest, if at all, upon the achievement of certain specified annual financial performance objectives and the continued performance of services through the scheduled vesting date. On November 22, 2024, upon the filing of the Issuer's Annual Report on Form 10-K for its fiscal year ended September 30, 2024, the performance and service criteria were determined to have been met, resulting in the vesting of 13,740 time- and performance-based PSUs under this award.

Represents shares of Common Stock withheld to satisfy the tax obligation resulting from the vesting of the time- and performance-based phantom stock units granted to Mr. Simmes on December 3, 2021 pursuant to the 2006 Equity Incentive Plan.