FRIERSON DANIEL K 4
4 · DIXIE GROUP INC · Filed May 26, 2023
Insider Transaction Report
Form 4
DIXIE GROUP INCDXYN
FRIERSON DANIEL K
DirectorChairman of the Board & CEO10% Owner
Transactions
- Award
Employee Stock Option (right to buy)
2023-05-25+60,000→ 60,000 totalExercise: $1.00From: 2023-05-25Exp: 2028-05-25→ Employee Stock Option (right to buy) (60,000 underlying)
Footnotes (3)
- [F1]The options have a five year term from the date of grant and must meet a minimum two year holding period and achieve a performance target of $3.00 per share for five consecutive trading days during the term of the option to become exercisable.
- [F2]Subject to the optionee's right to elect on exercise to take a portion of the stock as Class B Common Stock pro rata to such optionee's then holdings of Class B Common Stock.
- [F3]Exercise price set at 10% above fair market value as of date of grant.