X0306 4 2018-04-02 0 0001048268 IES Holdings, Inc. IESC 0001407402 Cleveland Todd M 107 W. FRANKLIN ST. ELKHART IN 46515 1 0 0 0 Common Stock 2018-04-02 4 A 0 309 0 A 161192 D Represents Phantom Stock Units granted pursuant to the IES 2006 Equity Incentive Plan (as amended and restated through February 2016) upon Mr. Cleveland electing to receive PSUs in lieu of common stock or cash for that portion of his retainer. Each unit converts to one share of IES common stock when Mr. Cleveland leaves the board of directors for any reason. /s/Gail D. Makode, Attorney-in-Fact 2018-04-03