Director at DIXIE GROUP (NASDAQ: DXYN) receives 8,000-share restricted stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Blue William F JR reported acquisition or exercise transactions in this Form 4 filing.
DIXIE GROUP INC director William F. Blue Jr. received an award of 8,000 shares of common stock at $0.36 per share. This restricted stock grant represents the equity portion of his non-employee director annual retainer and is compensation, not an open-market purchase or sale.
Following this award, he directly holds 81,571 shares of common stock. The restricted stock vests five days after next year's annual meeting of shareholders, meaning he must remain in his board role through that time to fully earn the shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Blue William F JR
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 — 81,571 shares (Direct, null)
Footnotes (1)
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Key Figures
Restricted stock grant: 8,000 shares
Grant price: $0.36 per share
Holdings after grant: 81,571 shares
3 metrics
Restricted stock grant
8,000 shares
Award of restricted common stock as equity portion of annual retainer
Grant price
$0.36 per share
Valuation used for the restricted stock award
Holdings after grant
81,571 shares
Director’s direct common stock holdings following the award
Key Terms
Restricted Stock, non-employee director, annual meeting of shareholders, annual retainer
4 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.
non-employee director financial
"equity portion of non-employee director's annual retainer"
annual retainer financial
"payment of the equity portion of non-employee director's annual retainer"
FAQ
What insider transaction did DIXIE GROUP INC (DXYN) report for William F. Blue Jr.?
DIXIE GROUP INC reported a grant of 8,000 shares of common stock to director William F. Blue Jr. This is a restricted stock award given as part of his non-employee director annual retainer, not an open-market purchase or sale.
What is the vesting schedule for the DIXIE GROUP INC (DXYN) restricted stock award?
The restricted stock award vests five days after next year's annual meeting of shareholders. This means the 8,000 shares become fully earned only if the director continues to serve through that post-meeting vesting date described in the Form 4 footnote.
Is the DIXIE GROUP INC (DXYN) Form 4 transaction a market buy or sell?
The Form 4 transaction is not a market buy or sell. It is a grant of restricted stock as part of the equity portion of a non-employee director’s annual retainer, categorized as a grant, award, or other acquisition for compensation.