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In a recent filing with the Securities and Exchange Commission, IES Holdings, Inc. (NASDAQ:IESC) disclosed that Jeffrey Gendell, the company’s Chief Executive Officer, along with several associated entities, sold a total of 33,866 shares of common stock over two days. The sale comes as IES Holdings demonstrates strong financial health with a GREAT rating according to InvestingPro metrics, and after the stock posted an impressive 96% return over the past year. The sales, which took place on June 3 and June 4, 2025, were executed at prices ranging from $275.00 to $276.11 per share, amounting to a total transaction value of approximately $9.34 million. The transaction prices align closely with the current market value, with InvestingPro analysis indicating the stock is trading near its Fair Value. For deeper insights into insider transactions and additional financial metrics, explore InvestingPro’s comprehensive analysis tools.
The transactions were carried out by Tontine Capital Partners (WA:CPAP), L.P. and related entities, with Gendell acting in various capacities as managing member or trustee. Following these transactions, Gendell and the associated entities collectively hold over 10.9 million shares of IES Holdings.
The sales were executed in multiple transactions, with prices varying slightly within the specified range. The SEC filing also notes the indirect nature of ownership for the shares sold, with detailed footnotes explaining the structure and relationships between the entities involved.
In other recent news, IES Holdings has announced a significant change in its executive leadership. Matthew Simmes, currently serving as President and Chief Operating Officer, is set to assume the role of Chief Executive Officer starting July 1, 2025. This move is part of the company’s planned succession strategy. Jeffrey Gendell, the current CEO, will transition to the role of Executive Chairman, where he will focus on strategic initiatives, including organic growth and acquisitions. Additionally, IES Holdings has appointed Kelly C. Janzen to its Board of Directors. Janzen brings extensive financial expertise from her previous roles, including her recent position as Executive Vice President and Chief Financial Officer at Vestis Corporation. Her appointment is expected to strengthen IES’s financial strategies and enhance its market position. These developments reflect IES Holdings’ ongoing efforts to bolster its leadership team and improve corporate governance.
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