Mohawk Industries (MHK) executive receives 5,594-share restricted stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Walma Kenneth reported acquisition or exercise transactions in this Form 4 filing.
Mohawk Industries executive Kenneth Walma, President Flooring NA, received a grant of 5,594 shares of common stock in the form of restricted stock units at a stated price of $0.00 per share. These units will vest in equal installments of one-third each year over three years.
After this award, Walma directly owns 27,936 shares of Mohawk Industries common stock. This transaction reflects equity-based compensation rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Walma Kenneth
Role
PRESIDENT FLOORING NA
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,594 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 27,936 shares (Direct)
Footnotes (1)
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FAQ
What did Mohawk Industries (MHK) report in this Form 4 for Kenneth Walma?
Mohawk Industries reported that executive Kenneth Walma received a grant of 5,594 restricted stock units of common stock. The units were awarded as equity compensation, not purchased in the open market, and increase his directly owned holdings to 27,936 shares after the transaction.
Is the Kenneth Walma Form 4 transaction in Mohawk Industries (MHK) a stock purchase or an award?
The Form 4 shows an equity award, not an open-market stock purchase. Kenneth Walma received 5,594 restricted stock units of Mohawk Industries common stock as a grant, recorded with a transaction code for grant or award, at a stated price of $0.00 per share.
What are the vesting terms of Kenneth Walma’s restricted stock units in Mohawk Industries (MHK)?
The restricted stock units granted to Kenneth Walma vest over three years. According to the footnote, one-third of the 5,594 units will vest each year for three years, meaning the full award becomes vested gradually rather than all at once.
What does the transaction code on Kenneth Walma’s Mohawk Industries (MHK) Form 4 indicate?
The Form 4 uses a transaction code that signifies a grant, award, or other acquisition of securities. This confirms that the 5,594 shares are a restricted stock unit award given as compensation, rather than shares bought or sold in an open-market transaction by Kenneth Walma.