Flexsteel CIO exercises RSUs, gets new stock grant
FLEXSTEEL INDUSTRIES INC Chief Information Officer Michael Joseph McClaflin reported routine equity compensation activity.
Rhea-AI Filing Summary
FLEXSTEEL INDUSTRIES INC Chief Information Officer Michael Joseph McClaflin reported routine equity compensation activity. On July 1, he received a grant of 1,401 restricted stock units, each representing one share of common stock.
On June 30, previously granted service-based restricted stock units totaling 5,490 vested and were exercised into common shares. Of these, 2,669 shares were withheld at $74.48 per share to cover tax obligations, a non-market disposition, and the remainder were retained. Following these transactions, McClaflin directly owns 36,397 shares of common stock and holds 1,401 unvested restricted stock units that vest in equal installments in 2027, 2028, and 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
5,490 shares exercised/converted
Exercise
6 txns
Insider
McClaflin Michael Joseph
Role
Chief Information Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 1,401 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 4,634 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 856 | $0.00 | $0.00 |
| Exercise | Common Stock | 4,634 | $0.00 | $0.00 |
| Exercise | Common Stock | 856 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 2,669 | $74.48 | $199K |
Holdings After Transaction:
Restricted Stock Units — 3,115 contracts (Direct);
Common Stock — 36,397 shares (Direct)
Footnotes (4)
- F1. Each restricted stock unit represents a contingent right to receive one share of FLXS common stock.
- F2. On 7/1/2023, 4,634 restricted stock units were granted. The restricted stock units vested on June 30, 2026.
- F3. Vesting of service-based restricted stock units granted July 1, 2025, 33 1/3% of which vest on June 30, 2026, June 30, 2027, and June 30, 2028.
- F4. Award of service-based restricted stock units, 33 1/3% of which vest on June 30, 2027, June 30, 2028, and June 30, 2029.
Key Figures
New RSU grant: 1,401 units
RSUs vested into shares: 5,490 shares
Shares withheld for taxes: 2,669 shares at $74.48
+2 more
5 metrics
New RSU grant
1,401 units
Awarded July 1, 2026; each unit equals one common share
RSUs vested into shares
5,490 shares
Service-based restricted stock units vested on June 30, 2026
Shares withheld for taxes
2,669 shares at $74.48
Tax-withholding disposition on June 30, 2026 (code F)
Post-transaction holdings
36,397 shares
Direct FLEXSTEEL common stock held after June 30, 2026 events
RSUs exercised
5,490 units
Total derivative exercises (code M) in this filing
Key Terms
Restricted Stock Units, service-based restricted stock units, Grant, award, or other acquisition, tax-withholding disposition, +1 more
5 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share of FLXS common stock."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
service-based restricted stock units financial
"Vesting of service-based restricted stock units granted July 1, 2025, 33 1/3% of which vest on June 30, 2026, June 30, 2027, and June 30, 2028."
Service-based restricted stock units are promises by a company to give employees shares of stock only after they remain employed for a specified period; the stock is delivered gradually or all at once once the service condition is met. Investors care because these awards affect future share supply and company costs, align employee interests with long-term performance, and can influence dilution and earnings reports when the promised shares are recorded or issued.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
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.
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did FLEXSTEEL (FLXS) executive Michael McClaflin report in this Form 4?
Michael McClaflin reported vested restricted stock units converting into common shares and a new restricted stock unit grant. The filing reflects routine equity compensation activity rather than open-market buying or selling of FLEXSTEEL INDUSTRIES INC common stock.
What is McClaflin’s FLEXSTEEL (FLXS) common stock holding after these transactions?
After the reported transactions, McClaflin directly holds 36,397 shares of FLEXSTEEL INDUSTRIES INC common stock. This figure reflects the net effect of the vested restricted stock units and the shares withheld to satisfy tax obligations on June 30, 2026.
What new restricted stock units did McClaflin receive from FLEXSTEEL (FLXS)?
McClaflin received an award of 1,401 service-based restricted stock units. Each unit represents a contingent right to one FLEXSTEEL INDUSTRIES INC common share, vesting in equal one-third installments in 2027, 2028, and 2029, as described in the Form 4 footnotes.
Are McClaflin’s FLEXSTEEL (FLXS) Form 4 transactions open-market buys or sells?
The Form 4 shows no open-market purchases or sales by McClaflin. Reported activity consists of restricted stock units vesting into common shares and shares withheld for tax obligations, plus a new restricted stock unit grant as part of equity compensation.
AI-generated analysis. How Rhea-AI works. Not financial advice.
