Mohawk (MHK) CEO’s affiliated trust logs 5,000-share open-market sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MOHAWK INDUSTRIES INC insider reporting shows entities associated with Chief Executive Officer and ten percent owner Jeffrey S. Lorberbaum selling shares of common stock. Through MCL Family Funds Trust, they completed open-market sales totaling 5,000 shares on June 12 and June 15.
The trust sold 500 shares at $110.00 per share, 2,750 shares at $111.26 per share, and 1,750 shares at $113.37 per share. Footnotes state the reported prices are weighted averages from multiple trades within ranges around these levels.
After these transactions, Lorberbaum continues to hold Mohawk common stock directly and indirectly, including 85,389 shares held directly and large indirect positions through entities such as Aladdin Partners, LP and various family and legacy funds; this is a baseline ownership picture, not the size of the recent sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 5,000 shares ($559,363)
Net Sell
10 txns
Insider
LORBERBAUM JEFFREY S
Role
CHIEF EXECUTIVE OFFICER
Sold
5,000 shs ($559K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,750 | $111.26 | $306K |
| Sale | Common Stock | 1,750 | $113.37 | $198K |
| Sale | Common Stock | 500 | $110.00 | $55K |
| 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 — 21,750 shares (Indirect, MCL Family Funds Tr);
Common Stock — 85,389 shares (Direct, null)
Footnotes (1)
- The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $111.16 to $111.71, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $113.07 to $113.77, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Key Figures
Shares sold 6/12: 500 shares at $110.00
Shares sold 6/15 (block 1): 2,750 shares at $111.26
Shares sold 6/15 (block 2): 1,750 shares at $113.37
+5 more
8 metrics
Shares sold 6/12
500 shares at $110.00
Open-market sale via MCL Family Funds Trust on June 12
Shares sold 6/15 (block 1)
2,750 shares at $111.26
Open-market sale via MCL Family Funds Trust on June 15
Shares sold 6/15 (block 2)
1,750 shares at $113.37
Open-market sale via MCL Family Funds Trust on June 15
Total shares sold
5,000 shares
Net common stock sold across three open-market transactions
Direct holding
85,389 shares
Common stock held directly after reported transactions
Indirect holding - Aladdin Partners, LP
8,132,685 shares
Common stock held indirectly through Aladdin Partners, LP
Indirect holding - JSL Legacy Fund LP
453,074 shares
Common stock held indirectly through JSL Legacy Fund LP
Indirect holding - Dalton Fund
420,668 shares
Common stock held indirectly through Dalton Fund
Key Terms
open-market sale, weighted average price, indirect ownership, managed account, +1 more
5 terms
open-market sale financial
"transaction_action: open-market sale of common stock"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
weighted average price financial
"The price reported in column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
indirect ownership financial
"ownership_type: indirect; nature_of_ownership: MCL Family Funds Tr"
managed account financial
"nature_of_ownership: by Managed Account"
ten percent owner regulatory
"is_ten_percent_owner: 1 for reporting person"
FAQ
What did Mohawk Industries (MHK) disclose in this latest Form 4?
Mohawk Industries reported that entities associated with CEO Jeffrey S. Lorberbaum sold 5,000 shares of common stock in open-market trades. The transactions occurred on June 12 and June 15 and were executed indirectly through MCL Family Funds Trust.
What do the weighted average price footnotes mean in the Mohawk (MHK) filing?
The filing states that some reported prices are weighted averages of multiple trades. For example, certain sales were executed in ranges from $111.16 to $111.71 and from $113.07 to $113.77, with full trade-by-trade details available upon request from the reporting person.
Were there any derivative transactions reported in this Mohawk (MHK) Form 4?
No derivative transactions are shown in this Form 4. The derivative summary indicates zero derivative exercises or trades, and the reported activity involves only non-derivative common stock and updated holdings across various direct and indirect ownership accounts.