Mohawk Industries (MHK) VP logs RSU grant, tax share disposal and RSU cancel
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Mohawk Industries VP of Business Strategy Rodney David Patton reported multiple equity-related transactions in company common stock. He received a grant of 6,046 restricted stock units that will vest in three equal annual installments over three years.
In connection with vesting of restricted stock units, 922 shares were disposed of to satisfy tax obligations. Separately, 167 restricted stock units were cancelled for no consideration in connection with the company’s recovery of erroneously awarded compensation. After these transactions, his direct holdings were in the low‑20,000 share range.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Patton Rodney David
Role
VP BUSINESS STRATEGY
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 167 | $0.00 | -- |
| Tax Withholding | Common Stock | 922 | $125.27 | $115K |
| Grant/Award | Common Stock | 6,046 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 21,380 shares (Direct)
Footnotes (1)
- Restricted stock units that will vest 1/3 each year for 3 years. Disposition related to meeting tax obligations upon vesting of restricted stock units. On March 2, 2026, the Issuer cancelled 167 restricted stock units for no consideration in connection with the Issuer's recovery of erroneously awarded compensation.
FAQ
What insider transactions did Mohawk Industries (MHK) report for Rodney David Patton?
Rodney David Patton, VP Business Strategy at Mohawk Industries, reported three common stock transactions: a grant of 6,046 restricted stock units, a 922-share tax-withholding disposition tied to vesting, and the cancellation of 167 restricted stock units with no consideration received.
How many restricted stock units were granted to the Mohawk Industries (MHK) executive?
Rodney David Patton received a grant of 6,046 restricted stock units. According to the disclosure, these units are scheduled to vest in three equal installments over three years, providing equity-based compensation that settles into common stock as vesting conditions are met.
What does the cancellation of 167 restricted stock units at Mohawk Industries (MHK) mean?
On March 2, 2026, 167 restricted stock units were cancelled for no consideration. The filing states this occurred in connection with Mohawk Industries’ recovery of erroneously awarded compensation, effectively reducing the executive’s outstanding restricted stock units by that amount.
How will the new Mohawk Industries (MHK) restricted stock units vest for the executive?
The 6,046 restricted stock units granted to Rodney David Patton will vest one-third each year over three years. This means the award converts into common stock gradually, aligning compensation with continued service and the company’s longer-term performance period.
Did the Mohawk Industries (MHK) Form 4 indicate direct or indirect ownership for these transactions?
All reported Mohawk Industries transactions for Rodney David Patton are classified as directly owned. The Form 4 lists ownership type and code as direct, with no footnotes indicating separate entities, trusts, or indirect ownership structures involved in these equity movements.