Mohawk Industries (MHK) SVP granted RSUs, withholds shares for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Mohawk Industries senior vice president and chief accounting officer David Lee Repp reported two equity compensation-related transactions in company common stock. On February 27, he acquired 1,044 shares through a restricted stock unit award at $0 per share, with units scheduled to vest in three equal installments over three years. On February 28, 32 shares were disposed of at $125.27 per share to cover tax obligations upon vesting of restricted stock units, rather than through an open-market sale. After these transactions, he directly owned 2,011 shares of Mohawk Industries common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Repp David Lee
Role
SVP-CAO & CORPORATE CONTROLLER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 32 | $125.27 | $4K |
| Grant/Award | Common Stock | 1,044 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 2,011 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.
FAQ
What insider transactions did Mohawk Industries (MHK) report for David Lee Repp?
Mohawk Industries reported that executive David Lee Repp received a restricted stock unit award of 1,044 common shares and disposed of 32 shares to satisfy tax obligations tied to vesting, leaving him with direct ownership of 2,011 common shares.
How will David Lee Repp’s Mohawk Industries (MHK) restricted stock units vest?
The restricted stock units granted to David Lee Repp will vest in three equal annual installments over three years. This schedule means one-third of the 1,044-share award becomes available each year, aligning compensation with longer-term service at the company.