DIXIE GROUP (DXYN) EVP uses 4,383 shares to cover restricted stock taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DIXIE GROUP INC Executive Vice President Thomas Martin Nuckols reported a routine tax-withholding share disposition related to equity compensation. On this Form 4, 4,383 shares of common stock at a stated value of $0.40 per share were surrendered to the company to cover income tax withholding on the vesting of a restricted stock award. After this non-market transaction, he holds 180,158 shares of common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Nuckols Thomas Martin
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, $3 par value | 4,383 | $0.40 | $2K |
Holdings After Transaction:
Common Stock, $3 par value — 180,158 shares (Direct)
Footnotes (1)
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Key Figures
Shares surrendered for taxes: 4,383 shares
Stated share value: $0.40 per share
Post-transaction holdings: 180,158 shares
+1 more
4 metrics
Shares surrendered for taxes
4,383 shares
Tax-withholding disposition on restricted stock vesting
Stated share value
$0.40 per share
Value used for tax-withholding disposition
Post-transaction holdings
180,158 shares
Common stock directly owned after disposition
Security description
Common Stock, $3 par value
Class of securities involved in Form 4
Key Terms
restricted stock, income tax withholding requirements, Common Stock, $3 par value, tax-withholding disposition
4 terms
restricted stock financial
"with respect to vesting of an outstanding award of restricted stock"
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.
income tax withholding requirements financial
"surrendered to Company to satisfy income tax withholding requirements"
Common Stock, $3 par value financial
"security_title": "Common Stock, $3 par value""
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What insider transaction did DIXIE GROUP INC (DXYN) report for Thomas Martin Nuckols?
DIXIE GROUP INC reported that Executive Vice President Thomas Martin Nuckols surrendered 4,383 common shares to the company. This was a tax-withholding disposition tied to the vesting of a restricted stock award, not an open-market sale of shares.
Was the DXYN insider transaction an open-market sale of stock?
No, the DXYN insider transaction was not an open-market sale. The 4,383 shares were surrendered back to the company to satisfy income tax withholding requirements from restricted stock vesting, a routine compensation-related event rather than a discretionary stock sale.
What does transaction code F mean in the DXYN Form 4 filing?
Transaction code F in the DXYN Form 4 indicates shares were used to pay an exercise price or tax liability. Here, 4,383 shares of common stock were surrendered to satisfy income tax withholding linked to the vesting of a restricted stock award, not sold in the market.
What role does Thomas Martin Nuckols hold at DIXIE GROUP INC (DXYN)?
Thomas Martin Nuckols serves as Executive Vice President at DIXIE GROUP INC. His Form 4 filing reflects a compensation-related share surrender for tax withholding on restricted stock vesting, while he continues to directly own 180,158 shares of the company’s common stock.