Dixie Group (DXYN) director receives 8,000-share stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Brock Charles E reported acquisition or exercise transactions in this Form 4 filing.
DIXIE GROUP INC director Charles E. Brock received an award of 8,000 shares of common stock at $0.36 per share. This restricted stock represents the equity portion of his non-employee director annual retainer and will vest five days after next year's annual meeting of shareholders. Following this compensation grant, he directly holds 73,341 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Brock Charles E
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 — 73,341 shares (Direct, null)
Footnotes (1)
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Key Figures
Restricted stock grant: 8,000 shares
Grant price: $0.36 per share
Post-grant holdings: 73,341 shares
+1 more
4 metrics
Restricted stock grant
8,000 shares
Award to director Charles E. Brock
Grant price
$0.36 per share
Value used for restricted stock award
Post-grant holdings
73,341 shares
Common stock held directly after transaction
Par value
$3 per share
Par value of common stock class
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
"in payment of the equity portion of non-employee director's annual retainer"
non-employee director financial
"equity portion of non-employee director's annual retainer"
FAQ
What insider transaction did DIXIE GROUP INC (DXYN) report for Charles E. Brock?
DIXIE GROUP INC reported that director Charles E. Brock received an award of 8,000 shares of common stock. The grant is classified as a restricted stock award serving as the equity portion of his non-employee director annual retainer, not an open-market purchase or sale.
What is the vesting schedule for Charles E. Brock’s restricted stock award from DIXIE GROUP INC (DXYN)?
The restricted stock award to Charles E. Brock vests five days after DIXIE GROUP INC’s next annual meeting of shareholders. Until that vesting date, the 8,000 granted shares are restricted, reflecting their role as equity compensation for his non-employee director service.
Was the DIXIE GROUP INC (DXYN) transaction an open-market buy or a compensation grant?
The transaction was a compensation-related grant, not an open-market buy. The filing identifies it as an award of restricted stock representing the equity portion of the non-employee director’s annual retainer, with vesting tied to the company’s next annual shareholder meeting.