FLEXSTEEL (FLXS) CFO logs RSU vesting, tax withholding and 1,678-unit equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FLEXSTEEL INDUSTRIES INC CFO Michael J. Ressler reported routine equity compensation activity. On June 30, 2026, he exercised previously granted restricted stock units into 2,404 shares of common stock, and 1,038 shares were withheld at $74.48 per share to cover tax obligations.
Following these transactions, he directly held 18,230 shares of common stock. On July 1, 2026, he received a new award of 1,678 restricted stock units, each representing a contingent right to one share of common stock, with vesting scheduled in service-based installments through 2029.
Positive
- None.
Negative
- None.
Insights
Routine equity grants and vesting for the CFO with tax withholding.
CFO Michael J. Ressler exercised restricted stock units into 2,404 common shares on June 30, 2026. To satisfy tax obligations, 1,038 shares were withheld at $74.48 per share. These mechanics are standard for equity-based compensation and do not represent open-market selling.
After these moves, he held 18,230 common shares directly and received a new grant of 1,678 restricted stock units on July 1, 2026. The new award vests in equal annual tranches through 2029, aligning a portion of his compensation with long-term company performance.
Insider Trade Summary
2,404 shares exercised/converted
Mixed
6 txns
Insider
Ressler Michael J
Role
CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 1,678 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,459 | $0.00 | -- |
| Exercise | Restricted Stock Units | 945 | $0.00 | -- |
| Exercise | Common Stock | 1,459 | $0.00 | -- |
| Exercise | Common Stock | 945 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,038 | $74.48 | $77K |
Holdings After Transaction:
Restricted Stock Units — 1,678 shares (Direct, null);
Common Stock — 18,323 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of FLXS common stock. On 7/1/2023, 1,459 restricted stock units were granted. The restricted stock units vested on June 30, 2026. 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. 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
RSUs exercised into common stock: 2,404 shares
Shares withheld for taxes: 1,038 shares at $74.48/share
Common shares held after transactions: 18,230 shares
+3 more
6 metrics
RSUs exercised into common stock
2,404 shares
Vesting and exercises on June 30, 2026
Shares withheld for taxes
1,038 shares at $74.48/share
Tax-withholding disposition on June 30, 2026
Common shares held after transactions
18,230 shares
Direct ownership following June 30, 2026 events
New RSU grant
1,678 units
Awarded July 1, 2026, service-based vesting
Earlier RSU grant vested
1,459 units
Granted July 1, 2023, vested June 30, 2026
Additional RSUs vesting
945 units
From July 1, 2025 grant, vested June 30, 2026
Key Terms
Restricted Stock Units, tax-withholding disposition, derivative security, service-based restricted stock units, +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.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
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
"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.
service-based restricted stock units financial
"Vesting of service-based restricted stock units granted July 1, 2025"
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.
vesting financial
"The restricted stock units vested on June 30, 2026."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What insider transactions did FLEXSTEEL (FLXS) CFO Michael J. Ressler report?
CFO Michael J. Ressler reported exercising restricted stock units into 2,404 common shares and having 1,038 shares withheld for taxes at $74.48 per share. He also received a new grant of 1,678 restricted stock units as part of his equity compensation program.
What restricted stock unit awards did FLEXSTEEL (FLXS) grant to its CFO?
On July 1, 2026, the CFO received 1,678 restricted stock units, each representing a right to one FLEXSTEEL common share. Footnotes state these service-based units vest in equal one-third installments on June 30 of 2027, 2028, and 2029, subject to continued service.
Was the FLEXSTEEL (FLXS) CFO’s Form 4 transaction an open-market sale or tax withholding?
The Form 4 shows a tax-withholding disposition of 1,038 shares at $74.48 per share, coded “F.” This indicates shares were delivered to cover tax liabilities on equity vesting, rather than an open-market sale initiated for portfolio or valuation reasons.