Thomas W. Powell, a major shareholder of Powell Industries, disposed of 33,958 shares valued at approximately $10 million. The transaction was structured as a contribution of the shares to an exchange fund.
An SEC filing on June 26, 2026, confirmed the transaction occurred on June 25. Mr. Powell retains direct ownership of 564,736 shares in addition to his indirect holdings.
The disposal follows the company's recent acquisition of large data center contracts and announced production capacity expansions. Despite this growth, some analysts cite high valuations and recent insider selling as reasons for caution.