DIXIE GROUP (DXYN) CFO surrenders 3,189 shares to cover tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DIXIE GROUP INC Chief Financial Officer Allen L. Danzey reported a routine tax-related share disposition. On the vesting of a restricted stock award, 3,189 shares of common stock at a value of $0.40 per share were surrendered to the company to cover income tax withholding.
These shares were not sold on the open market but withheld for taxes. After this transaction, Danzey holds 106,182 shares of DIXIE GROUP INC common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Danzey Allen L
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, $3 par value | 3,189 | $0.40 | $1K |
Holdings After Transaction:
Common Stock, $3 par value — 106,182 shares (Direct)
Footnotes (1)
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Key Figures
Shares surrendered for taxes: 3,189 shares
Per-share value used: $0.40 per share
Shares held after transaction: 106,182 shares
+1 more
4 metrics
Shares surrendered for taxes
3,189 shares
Tax-withholding disposition on restricted stock vesting
Per-share value used
$0.40 per share
Value applied to surrendered shares
Shares held after transaction
106,182 shares
Direct holdings after tax-withholding event
Security par value
$3 par value
Common stock class involved in transaction
Key Terms
restricted stock, income tax withholding, Form 4, tax-withholding disposition, +1 more
5 terms
restricted stock financial
"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 financial
"satisfy income tax withholding requirements with respect to vesting"
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's 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.
Common Stock, $3 par value financial
"security_title": "Common Stock, $3 par value""
FAQ
What insider transaction did DIXIE GROUP INC (DXYN) report for its CFO?
DIXIE GROUP INC reported that CFO Allen L. Danzey surrendered 3,189 shares of common stock to the company. The shares covered income tax withholding arising from the vesting of a restricted stock award, rather than an open-market sale of shares.
Was the DIXIE GROUP INC (DXYN) CFO’s Form 4 transaction an open-market sale?
No, the CFO’s transaction was not an open-market sale. The 3,189 shares were surrendered back to the company to satisfy income tax withholding on vested restricted stock, a routine compensation-related event rather than a discretionary sale in the market.
What does transaction code F mean on the DIXIE GROUP INC (DXYN) Form 4?
Transaction code F indicates a payment of exercise price or tax liability by delivering securities. In this case, 3,189 DIXIE GROUP INC shares were surrendered to satisfy income tax withholding on vested restricted stock, not sold in an open-market transaction.
What type of security was involved in the DIXIE GROUP INC (DXYN) CFO transaction?
The transaction involved DIXIE GROUP INC common stock with a $3 par value. These shares were tied to an outstanding restricted stock award that vested, triggering income tax withholding satisfied by surrendering 3,189 shares back to the company.