Powell Industries awards 36,000 RSUs to CEO Brett Cope with backloaded vesting to encourage retention beyond age 60

POWELL INDUSTRIES INC

Compensation Committee approved special one-time RSU award of 36,000 shares to President and CEO Brett A. Cope on July 1, 2026.
Award vests 25% on July 1, 2027, 25% on July 1, 2028, and 50% on July 1, 2029, backloaded to incentivize service beyond retirement eligibility.
If Cope retires before a vesting date, unvested portion will not vest or accelerate, differing from his existing employment agreement.
Committee considered ten-year compensation history and peer company special equity awards before approving the grant.
Board ratified the award on July 2, 2026 under the 2014 Equity Incentive Plan.

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