[Form 4] FLEXSTEEL INDUSTRIES INC Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FLEXSTEEL INDUSTRIES INC President & CEO Derek P. Schmidt reported compensation-related equity activity, mainly from restricted stock units (RSUs) vesting and a new award. On June 30, 2026, 9,444 RSUs granted on July 1, 2023 and 3,116 service-based RSUs from a July 1, 2025 grant vested and were exercised into an equal number of common shares. To cover tax obligations, 5,420 common shares were disposed of at $74.48 per share, leaving 162,659 common shares held directly after these transactions. On July 1, 2026, Schmidt received a new grant of 5,483 service-based RSUs, each representing the right to receive one share of common stock, vesting in equal installments on June 30, 2027, 2028, and 2029. Separate holding entries show indirect common stock ownership through an IRA, a 401(k), and a spouse’s IRA.
Positive
- None.
Negative
- None.
Insider Trade Summary
12,560 shares exercised/converted
Mixed
9 txns
Insider
Schmidt Derek P
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 5,483 | $0.00 | -- |
| Exercise | Restricted Stock Units | 9,444 | $0.00 | -- |
| Exercise | Restricted Stock Units | 3,116 | $0.00 | -- |
| Exercise | Common Stock | 9,444 | $0.00 | -- |
| Exercise | Common Stock | 3,116 | $0.00 | -- |
| Tax Withholding | Common Stock | 5,420 | $74.48 | $404K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 5,483 shares (Direct, null);
Common Stock — 164,963 shares (Direct, null);
Common Stock — 1,080.977 shares (Indirect, Christine Schmidt IRA)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of FLXS common stock. On 7/1/2023, 9,444 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
New RSU grant: 5,483 units
RSUs vested from 2023 grant: 9,444 units
RSUs vested from 2025 grant: 3,116 units
+5 more
8 metrics
New RSU grant
5,483 units
Awarded July 1, 2026 to President & CEO
RSUs vested from 2023 grant
9,444 units
Granted July 1, 2023; vested June 30, 2026
RSUs vested from 2025 grant
3,116 units
One-third of July 1, 2025 service-based grant vested June 30, 2026
Shares withheld for taxes
5,420 shares
Tax-withholding disposition at $74.48 per share on June 30, 2026
Direct common shares after transactions
162,659 shares
Direct ownership following June 30, 2026 activity
Indirect IRA holding
1,096.065 shares
Derek Schmidt IRA as of June 30, 2026
Indirect 401(k) holding
60,912.6509 shares
Derek Schmidt 401(k) as of June 30, 2026
Spouse IRA holding
1,080.977 shares
Christine Schmidt IRA as of June 30, 2026
Key Terms
Restricted Stock Units, service-based restricted stock units, tax-withholding disposition, exercise or conversion of derivative security, +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..."
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.
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.
exercise or conversion of derivative security financial
"Exercise or conversion of derivative security"
indirect ownership financial
"Common Stock ... indirect ... Derek Schmidt IRA"
