FLEXSTEEL (FLXS) director awarded 544-share quarterly stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
McGovern Jeanne reported acquisition or exercise transactions in this Form 4 filing.
FLEXSTEEL INDUSTRIES INC director Jeanne McGovern received a grant of 544 shares of common stock as part of quarterly non-executive director compensation. The shares were awarded at no cash cost per share. Following this grant, she directly holds 11,417 shares of the company’s common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
McGovern Jeanne
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 544 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 11,417 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did FLEXSTEEL (FLXS) report for director Jeanne McGovern?
Jeanne McGovern received a grant of 544 FLEXSTEEL common shares. The award was part of her quarterly non-executive director compensation and carried no cash purchase price, increasing her direct holdings to 11,417 shares after the transaction.
Was the FLXS insider transaction a market purchase or a compensation grant?
The FLXS insider transaction was a compensation grant, not a market purchase. Jeanne McGovern received 544 common shares at zero price per share as part of routine quarterly compensation for non-executive directors, according to the disclosed footnote.
What does the footnote in Jeanne McGovern’s FLXS Form 4 filing explain?
The footnote explains that the 544 FLEXSTEEL common shares were awarded as part of quarterly non-executive director compensation. This clarifies the transaction as a routine equity grant rather than an open-market trade or discretionary share purchase.