Flexsteel Industries (FLXS) CFO converts 2,597 RSUs and withholds 1,259 shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Flexsteel Industries CFO Michael J. Ressler reported equity award activity involving company stock. On February 8, 2026, he converted 2,597 restricted stock units into the same number of Flexsteel common shares, as each unit represents a right to receive one share.
On the same date, 1,259 common shares were disposed of at $57.55 per share in a transaction coded "F," indicating shares withheld to cover taxes upon vesting. After these transactions, Ressler directly owned 16,756 shares of Flexsteel common stock. No derivative restricted stock units remained outstanding following the conversion.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,597 shares exercised/converted
Mixed
3 txns
Insider
Ressler Michael J
Role
CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,597 | $0.00 | -- |
| Exercise | Common Stock | 2,597 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,259 | $57.55 | $72K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 18,015 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did FLXS CFO Michael Ressler report?
Michael J. Ressler reported converting 2,597 restricted stock units into Flexsteel common shares. These units vested on February 8, 2026, and each unit represented a contingent right to receive one share of FLXS common stock under his equity compensation.
What happened to the 2,597 restricted stock units reported for FLXS?
The 2,597 restricted stock units were exercised and converted into common stock. On February 8, 2026, all these units were settled into an equal number of Flexsteel shares, leaving zero restricted stock units beneficially owned afterward.
What position does Michael J. Ressler hold at Flexsteel Industries (FLXS)?
Michael J. Ressler is the Chief Financial Officer (CFO) of Flexsteel Industries. The filing identifies him as an officer of the company with the title CFO and reports his direct ownership of company common stock following equity award activity.