Powell Industries Director Richard Williams Sells Shares via Pre-Planned Transaction
Richard E. Williams, a director at Powell Industries (NASDAQ:POWL), sold 2,250 shares of the company's stock on August 14, 2026, for $457,000 based on an average price per share of $203.05. The transaction was conducted under a Rule 10b5-1 trading plan established four months prior to avoid concerns about insider trading. Following the sale, Williams still holds 37,380 shares directly valued at approximately $8 million as of August 14's closing price ($213.48). The transaction does not appear significant in terms of market impact or ownership dilution given that it represents a small portion of his holdings and was pre-planned. Powell Industries, based in Houston, operates within the electrical equipment sector with TTM revenue of $1.2 billion and net income of $190.9 million. The company's stock has delivered strong performance over the past year, returning 110% compared to a 19% gain for the S&P 500.
Tickers: $POWL