Dixie Group (DXYN) director receives 8,000-share restricted stock retainer grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Owens Michael L. reported acquisition or exercise transactions in this Form 4 filing.
DIXIE GROUP INC director Michael L. Owens received a grant of 8,000 shares of Common Stock valued at $0.36 per share. The restricted stock represents the equity portion of his non-employee director annual retainer and will vest five days after next year’s annual shareholder meeting. Following this award, he holds 69,175 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Owens Michael L.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, $3 par value | 8,000 | $0.36 | $3K |
Holdings After Transaction:
Common Stock, $3 par value — 69,175 shares (Direct, null)
Footnotes (1)
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Key Figures
Restricted stock grant: 8,000 shares
Grant value per share: $0.36 per share
Shares held after grant: 69,175 shares
3 metrics
Restricted stock grant
8,000 shares
Award of Common Stock as equity portion of annual retainer
Grant value per share
$0.36 per share
Value assigned to the 8,000-share restricted stock award
Shares held after grant
69,175 shares
Total direct holdings following the reported transaction
Key Terms
Restricted Stock, annual retainer, non-employee director
3 terms
Restricted Stock financial
"Award of Restricted Stock in payment of the equity portion"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
annual retainer financial
"equity portion of non-employee director's annual retainer"
non-employee director financial
"equity portion of non-employee director's annual retainer"
FAQ
What did DIXIE GROUP INC (DXYN) director Michael L. Owens report on this Form 4?
Michael L. Owens reported receiving a grant of 8,000 shares of DIXIE GROUP INC common stock. The award is restricted stock issued as the equity portion of his non-employee director annual retainer, rather than an open-market purchase or sale of shares.
At what price was the restricted stock granted to DIXIE GROUP INC director Owens?
The restricted stock granted to Owens was valued at $0.36 per share. This value reflects the award price used for the 8,000-share grant and does not indicate an open-market transaction or a cash purchase by the director in this filing.