Flexsteel CFO exercises options, uses shares for taxes
Flexsteel Industries CFO Michael J. Ressler exercised stock options and had shares withheld to cover taxes.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
Flexsteel Industries CFO Michael J. Ressler exercised stock options and had shares withheld to cover taxes. He exercised options for 737 shares of Common Stock at $47.45 per share and 629 shares were disposed of at $55.63 per share for tax-withholding. After these transactions, he directly owns 16,864 Common shares.
Insider Trade Summary
737 shares exercised/converted
Exercise
3 txns
Insider
Ressler Michael J
Role
CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Option 09/01/2016 | 737 | $0.00 | $0.00 |
| Exercise | Common Stock | 737 | $47.45 | $35K |
| Exercise Price or Tax Liability | Common Stock | 629 | $55.63 | $35K |
Holdings After Transaction:
Option 09/01/2016 — 0 contracts (Direct);
Common Stock — 16,864 shares (Direct)
Key Figures
Option shares exercised: 737 shares
Option exercise price: $47.45/share
Shares for tax withholding: 629 shares
+4 more
7 metrics
Option shares exercised
737 shares
Common Stock acquired via option exercise code M
Option exercise price
$47.45/share
Conversion or exercise price for 737-share option
Shares for tax withholding
629 shares
Common Stock disposed as tax-withholding at $55.63
Tax-withholding price
$55.63/share
Value applied to shares used to pay tax liability
Shares held after transactions
16,864 shares
Direct Common Stock ownership after Form 4 activity
Derivative transaction count
1 transaction
One derivative option exercise reported in summary
Tax-withholding dispositions
1 transaction
One F-code transaction for tax liability payment
Key Terms
tax-withholding disposition, derivative exercise/conversion, derivative security, Common Stock, +1 more
5 terms
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition" for 629 Common Stock shares"
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 exercise/conversion financial
"transaction_action: "derivative exercise/conversion" on option and related Common Stock"
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.
Common Stock financial
"security_title: "Common Stock" for non-derivative transactions"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Option 09/01/2016 financial
"security_title: "Option 09/01/2016" for the derivative position"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did FLEXSTEEL INDUSTRIES (FLXS) disclose for its CFO?
Flexsteel Industries reported that CFO Michael J. Ressler exercised stock options for 737 Common shares and had 629 shares withheld to satisfy tax obligations. These transactions are compensation-related rather than open-market buying or selling activity.
What does the tax-withholding disposition mean in the FLXS Form 4 filing?
The tax-withholding disposition means 629 Flexsteel Industries shares were surrendered at $55.63 per share to cover tax liabilities from equity compensation. This is not an open-market sale, but a routine method for paying taxes on vested or exercised awards.
At what price did the FLEXSTEEL INDUSTRIES (FLXS) CFO exercise his stock options?
CFO Michael J. Ressler exercised options into 737 Flexsteel Industries Common shares at an exercise price of $47.45 per share. This exercise converted derivative option awards into directly held Common Stock as part of his compensation package.
Which securities were involved in the FLEXSTEEL INDUSTRIES (FLXS) CFO’s Form 4 transactions?
The transactions involved Flexsteel Industries Common Stock and an option grant dated 09/01/2016. The option covering 737 underlying shares was exercised, reducing the option position to zero and increasing directly held Common Stock before tax-withholding shares were applied.
AI-generated analysis. How Rhea-AI works. Not financial advice.
