Cleveland Todd M has reported a transaction involving 84 shares of IES Holdings, Inc., which is significant for the company and the broader electrical work industry. The transaction was filed on October 2, 2026, and is part of the company's ongoing equity management strategy.
IES Holdings, Inc. operates within the electrical work sector, categorized under SIC code 1731. The company, which was formerly known as Integrated Electrical Services, Inc., has undergone several name changes and is incorporated in Delaware. Its business address is located in Houston, Texas.
The filing indicates that on October 1, 2026, Cleveland Todd M acquired 84 shares of common stock as part of the IES Holdings, Inc. 2006 Equity Incentive Plan. According to the filing, these shares were granted as Phantom Stock Units (PSUs) in lieu of common stock or cash for a portion of his retainer. Each PSU converts to one share of IES common stock upon specific conditions, including a change of control or if Mr. Cleveland leaves the board of directors.
This transaction may affect other shareholders and stakeholders within IES Holdings, Inc. as it reflects the company's commitment to its equity incentive plan and its approach to managing executive compensation. The filing also notes that following this transaction, Cleveland Todd M now owns a total of 121,906 shares of the company.
The filing does not say what happens next.