This is a pictograph of someone wearing a headress. You should note that the headress resembles the noun team which was used as a classifier for bovines. Animals denote wealth. Hence, this pictograph represents an important man.
Illustrative Text Reference:
Mohenjo-daro: Seal: M-120 a: Jagat Pati Joshi and Asko Parpola, 1987: Corpus of Indus Seals and Inscriptions: Volume 1: Page 41: Collections in India: Suomalainen Tiedeakatemia.
Comment:
In context, the adjective prestigious might be a good translation.
Image Credit:
Indus Script Sign Number 1010: List of Sign Variants: Iravatham Mahadevan, 1977: The Indus Script: Texts, Concordance and Tables: The Director General Archaeological Survey of India.