Mohawk Industries (MHK) VP reports tax-withholding share dispositions on Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Mohawk Industries VP Rodney David Patton reported two tax-related share dispositions under the company’s equity plan. On February 21 he disposed of 813 shares of common stock at $127.00 per share, and on February 23 he disposed of 568 shares at $124.15 per share. A footnote explains these transactions covered tax obligations upon the vesting of restricted stock units, rather than open-market sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Patton Rodney David
Role
VP BUSINESS STRATEGY
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 568 | $124.15 | $71K |
| Tax Withholding | Common Stock | 813 | $127.00 | $103K |
Holdings After Transaction:
Common Stock — 16,423 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What did Mohawk Industries (MHK) VP Rodney David Patton report in this Form 4?
Rodney David Patton reported two tax-related share dispositions. He surrendered 813 shares at $127 and 568 shares at $124.15 to satisfy tax obligations triggered by vesting restricted stock units, rather than selling shares in open-market transactions.
Were the Mohawk Industries (MHK) insider transactions open-market sales?
No, the Form 4 indicates the dispositions were for tax withholding. A footnote states the shares were surrendered to meet tax obligations upon vesting of restricted stock units, not discretionary open-market sales initiated by the Mohawk Industries executive.
What does transaction code "F" mean in the Mohawk Industries (MHK) Form 4?
Transaction code “F” on the Form 4 indicates payment of tax liability or exercise price by delivering securities. In this Mohawk Industries filing, it reflects shares withheld or surrendered to satisfy taxes owed when restricted stock units vested.