Restricted stock grant lifts Mohawk (NYSE: MHK) CFO share stake
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Manthey Nicholas P. reported acquisition or exercise transactions in this Form 4 filing.
Mohawk Industries Chief Financial Officer Nicholas P. Manthey received a grant of 4,545 shares of common stock as a compensation award. These are restricted stock units that will vest in three equal installments over three years, meaning one-third becomes his each year.
Following this grant, Manthey directly holds 24,857 shares of Mohawk common stock. Because the award was granted at no cash cost to him, it functions as equity-based pay designed to align his interests with long-term company performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Manthey Nicholas P.
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,545 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 24,857 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 4,545 shares
Transaction price per share: $0.0000 per share
Shares held after transaction: 24,857 shares
+2 more
5 metrics
RSU grant size
4,545 shares
Common stock grant to CFO on 2026-04-01
Transaction price per share
$0.0000 per share
Equity compensation grant, no cash paid by CFO
Shares held after transaction
24,857 shares
CFO’s direct holdings following the grant
Vesting period
3 years
Restricted stock units vest 1/3 each year for 3 years
Annual vesting fraction
1/3 per year
Portion of RSUs that vest each year
Key Terms
Restricted stock units, vest, grant, award, or other acquisition, direct ownership
4 terms
Restricted stock units financial
"Restricted stock units that will vest 1/3 each year for 3 years."
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.
vest financial
"Restricted stock units that will vest 1/3 each year for 3 years."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
direct ownership financial
""ownership_type": "direct", "ownership_code": "D""
FAQ
What did Mohawk Industries (MHK) disclose about CFO Nicholas Manthey in this Form 4?
Mohawk Industries reported that CFO Nicholas P. Manthey received a grant of 4,545 shares of common stock as a compensation award. These shares are structured as restricted stock units that vest over time, increasing his equity-based stake in the company.
What is the vesting schedule for the Mohawk (MHK) CFO’s new restricted stock units?
The restricted stock units granted to the Mohawk CFO vest in three equal installments over three years. One-third of the units will vest each year, gradually converting into unrestricted shares as long as the specified vesting conditions are satisfied over that period.