Flexsteel CFO exercises options on 2,298 shares
CFO Michael J. Ressler’s option exercises on Aug. 28 left both option positions at zero, with 1,039 shares delivered/withheld at $81.80 and 10b5-1 left unchecked.
Rhea-AI Filing Summary
FLEXSTEEL INDUSTRIES INC (FLXS) reports that CFO Michael J. Ressler exercised two stock option grants into common stock on 2026-08-28. He exercised 774 options at $45.21 and 1,524 options at $32.80 per share, and both option positions went to zero after the transactions.
In connection with these exercises, a total of 428 shares and 611 shares of common stock were delivered or withheld at $81.80 per share for payment of exercise price or tax liability. The Rule 10b5-1 checkbox was left unchecked, and no remaining derivative holdings are listed.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,298 shares exercised/converted
Exercise
6 txns
Insider
Ressler Michael J
Role
CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Option 09/08/2017 | 774 | $0.00 | $0.00 |
| Exercise | Option 09/13/2018 | 1,524 | $0.00 | $0.00 |
| Exercise | Common Stock | 774 | $45.21 | $35K |
| Exercise Price or Tax Liability | Common Stock | 428 | $81.80 | $35K |
| Exercise | Common Stock | 1,524 | $32.80 | $50K |
| Exercise Price or Tax Liability | Common Stock | 611 | $81.80 | $50K |
Holdings After Transaction:
Option 09/08/2017 — 0 contracts (Direct);
Option 09/13/2018 — 0 contracts (Direct);
Common Stock — 21,902 shares (Direct)
Key Figures
Options exercised (2017 grant): 774 shares
Exercise price (2017 option): $45.21 per share
Options exercised (2018 grant): 1,524 shares
+5 more
8 metrics
Options exercised (2017 grant)
774 shares
Option 09/08/2017 exercised into common stock on 2026-08-28
Exercise price (2017 option)
$45.21 per share
Conversion or exercise price for Option 09/08/2017
Options exercised (2018 grant)
1,524 shares
Option 09/13/2018 exercised into common stock on 2026-08-28
Exercise price (2018 option)
$32.80 per share
Conversion or exercise price for Option 09/13/2018
Shares for exercise price or tax liability (first F transaction)
428 shares at $81.80 per share
Common stock delivered or withheld for exercise price or tax liability
Shares for exercise price or tax liability (second F transaction)
611 shares at $81.80 per share
Additional common stock delivered or withheld for exercise price or tax liability
Total options exercised
2,298 shares
Aggregate derivative exercises (M code) reported in transactionSummary
Total shares for exercise price or tax liability
1,039 shares
Aggregate F-code shares in transactionSummary
Key Terms
derivative security, Exercise or conversion of derivative security, Payment of exercise price or tax liability by delivering or withholding securities, conversion or exercise price
4 terms
derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Exercise or conversion of derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
Payment of exercise price or tax liability by delivering or withholding securities financial
"transaction_code_description: "Payment of exercise price or tax liability by delivering or withholding""
conversion or exercise price financial
"conversion_or_exercise_price": "45.2100""
FAQ
What did FLXS CFO Michael J. Ressler report in this Form 4?
He reported exercising two option grants for 774 and 1,524 shares of FLEXSTEEL INDUSTRIES INC common stock on 2026-08-28, with the corresponding options reduced to zero and some shares delivered or withheld to cover exercise price or tax liability.
How many FLEXSTEEL (FLXS) options did Michael J. Ressler exercise?
He exercised options covering a total of 2,298 shares of FLEXSTEEL common stock, consisting of 774 shares from an option dated 09/08/2017 and 1,524 shares from an option dated 09/13/2018.
What were the exercise prices for Michael J. Ressler’s FLXS options?
The 2017-dated option was exercised at an exercise price of $45.21 per share, and the 2018-dated option was exercised at an exercise price of $32.80 per share, each into FLEXSTEEL common stock.
Were Michael J. Ressler’s FLXS transactions under a Rule 10b5-1 plan?
The filing shows the Rule 10b5-1 checkbox as unchecked, and no footnote indicates that these FLEXSTEEL INDUSTRIES INC transactions were made pursuant to a Rule 10b5-1 trading plan.
What happened to Michael J. Ressler’s FLXS option positions after these transactions?
For both option grants reported, the total options following the transactions are 0, indicating that the 09/08/2017 and 09/13/2018 option positions were fully exercised and are no longer outstanding.
AI-generated analysis. How Rhea-AI works. Not financial advice.
