Mohawk CEO-linked trust sells 5,000 common shares
MOHAWK INDUSTRIES INC insider reporting shows entities associated with Chief Executive Officer and ten percent owner Jeffrey S. Lorberbaum selling shares of common stock.
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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.
Insider Trade Summary
| 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 | -- | -- | -- |
Footnotes (2)
- F1. 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.
- F2. 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
Key Terms
open-market sale financial
weighted average price financial
indirect ownership financial
managed account financial
ten percent owner regulatory
FAQ
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What did Mohawk Industries (MHK) disclose in this latest Form 4?
What do the weighted average price footnotes mean in the Mohawk (MHK) filing?
Were there any derivative transactions reported in this Mohawk (MHK) Form 4?
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