Mohawk (NYSE: MHK) CEO logs 3,600-share open-market stock sale
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Mohawk Industries chief executive Jeffrey S. Lorberbaum reported indirect sales of company stock by the MCL Family Funds Trust. On March 18, 2026, the trust sold a total of 3,600 shares of Common Stock in open-market transactions, at weighted average prices around $103 per share. The filing notes that individual trades occurred within a price range of $102.98 to $103.97, and the reporting person has offered to provide full trade details upon request.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 3,600 shares ($373,217)
Net Sell
2 txns
Insider
LORBERBAUM JEFFREY S
Role
CHIEF EXECUTIVE OFFICER
Sold
3,600 shs ($373K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 3,100 | $103.62 | $321K |
| Sale | Common Stock | 500 | $103.99 | $52K |
Holdings After Transaction:
Common Stock — 30,500 shares (Indirect, MCL Family Funds Tr)
Footnotes (1)
- This amendment is filed to correct the transaction code from "D" to "S." The transaction was an open market sale as described in footnote 1 of the original filing. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $102.98 to $103.97, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Key Figures
Total shares sold: 3,600 shares
First trade size: 500 shares
First trade weighted average price: $103.99 per share
+3 more
6 metrics
Total shares sold
3,600 shares
Indirect open-market sales on March 18, 2026
First trade size
500 shares
Common Stock sold indirectly on March 18, 2026
First trade weighted average price
$103.99 per share
Weighted average sale price for 500-share lot
Second trade size
3,100 shares
Common Stock sold indirectly on March 18, 2026
Second trade weighted average price
$103.62 per share
Weighted average sale price for 3,100-share lot
Trade price range
$102.98–$103.97 per share
Range for multiple open-market sale executions
Key Terms
open-market sale, weighted average price, Common Stock, indirect, +1 more
5 terms
open-market sale financial
"The transaction was an open market sale as described in footnote 1 of the original filing."
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
weighted average price financial
"The price reported in column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Common Stock financial
"security_title: "Common Stock""
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.
indirect financial
"ownership_type: "indirect""
MCL Family Funds Tr financial
"nature_of_ownership: "MCL Family Funds Tr""
FAQ
What insider transaction did Mohawk (MHK) report in this Form 4/A?
Mohawk reported an indirect insider sale of Common Stock. The MCL Family Funds Trust, associated with CEO Jeffrey S. Lorberbaum, sold a total of 3,600 Mohawk Industries shares in open-market transactions on March 18, 2026, at weighted average prices around $103 per share.
Were the Mohawk (MHK) insider sales direct or through an entity?
The reported Mohawk share sales were through an affiliated trust. Both transactions are classified as indirect ownership, with the nature of ownership listed as “MCL Family Funds Tr,” indicating the shares are held and sold by that trust rather than directly by the CEO.
What does the amended Form 4/A for Mohawk (MHK) correct?
The amendment corrects the original transaction code. It clarifies that the activity was coded as “S” for sale, confirming the transactions were open-market sales, rather than the previously reported “D” code, which would indicate a different type of disposition to the issuer.
What price range did the Mohawk (MHK) insider trades cover?
The insider trades occurred across a narrow price range. According to a footnote, the reported weighted average prices reflect multiple trades executed between $102.98 and $103.97 per share, and detailed per-trade information is available from the reporting person upon request.
Who is the reporting person in this Mohawk (MHK) Form 4/A filing?
The reporting person is Jeffrey S. Lorberbaum. He is identified as Mohawk Industries’ Chief Executive Officer, a director, and a more-than-10% owner. The reported sales, however, involve shares held indirectly through the MCL Family Funds Trust.