Mohawk Industries (MHK) CEO reports RSU tax-share disposals in Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Mohawk Industries CEO Jeffrey S. Lorberbaum reported tax-related share dispositions in company stock. On February 23, he disposed of 3,103 shares of common stock at $124.15 per share, and on February 21 he disposed of 2,142 shares at $127.00 per share.
Both transactions are coded as tax-withholding events to meet obligations upon vesting of restricted stock units, rather than open-market sales. After these transactions, he directly owned 68,076 shares, and the filing also lists substantial indirect holdings through entities such as Aladdin Partners, LP and several funds and trusts.
Positive
- None.
Negative
- None.
Insider Trade Summary
9 transactions reported
Mixed
9 txns
Insider
LORBERBAUM JEFFREY S
Role
CHIEF EXECUTIVE OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 3,103 | $124.15 | $385K |
| Tax Withholding | Common Stock | 2,142 | $127.00 | $272K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 68,076 shares (Direct);
Common Stock — 8,132,685 shares (Indirect, Aladdin Partners, LP)
Footnotes (1)
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FAQ
What did Mohawk Industries (MHK) CEO report in this Form 4 filing?
The CEO reported two tax-withholding share dispositions tied to restricted stock units. These reduced his direct holdings slightly, while significant indirect holdings through various funds and partnerships remained disclosed in the same filing.
Were the Mohawk Industries (MHK) CEO’s transactions open-market sales?
The transactions are reported as tax-withholding dispositions, not open-market trades. They are coded "F," meaning shares were delivered to cover exercise price or tax liabilities upon vesting of restricted stock units, rather than discretionary buying or selling.
What is the Mohawk Industries (MHK) CEO’s direct ownership after these transactions?
After the reported tax-related dispositions, the CEO directly held 68,076 shares of Mohawk Industries common stock. The Form 4 also lists additional indirect ownership stakes through several investment entities and trusts associated with him.
What indirect holdings are disclosed for the Mohawk Industries (MHK) CEO?
The filing lists indirect ownership in common stock through Aladdin Partners, LP, Dalton Fund, Dalton Partners, JSL Legacy Fund LP, MCL Family Funds Trust, PAS Trust, and a managed account, with specific share counts for each entity as of February 21.
Does this Mohawk Industries (MHK) Form 4 indicate net buying or selling by the CEO?
The summarized activity shows two disposal transactions and no buys, all for tax withholding. Overall net buy/sell direction is reported as neutral, reflecting mainly administrative tax-related share movements rather than active trading decisions.