Koshkin Joe D 4

What Happened Joe D. Koshkin, a director of IES Holdings, was granted 60 Phantom Stock Units (PSUs) on April 1, 2026. The grant is reported as an award (transaction code A) with an acquisition price of $0, so there was no cash payment. Each PSU converts into one share of IES common stock under specified conditions (see footnote).

Key Details

• Transaction date: 2026-04-01; filing date: 2026-04-02 (timely).
• Security: 60 Phantom Stock Units (PSUs) granted; reported acquisition price $0; total reported value $0.
• Shares owned after transaction: not specified in the provided summary filing.
• Footnote: PSUs were granted under the IES 2006 Equity Incentive Plan; Mr. Koshkin elected PSUs in lieu of cash or common stock for part of his retainer. Each PSU converts to one share when he leaves the board for any reason or upon a change of control.
• Filing type/code: Form 4, transaction code A (award/grant).

Context Phantom Stock Units are a derivative award—not immediate shares—and only convert into common stock upon certain events, so this grant does not result in current voting shares or cash proceeds. Such retainer-based awards are common for directors and do not necessarily signal a personal buy/sell decision in the market.