Ressler Michael J 4

What Happened

• Michael J. Ressler, Chief Financial Officer of Flexsteel Industries (FLXS), exercised 2,597 derivative awards (options/conversions) on Feb 8, 2026. Of those, 1,259 shares were withheld to satisfy tax liabilities at $57.55 per share (totaling $72,455), leaving a net 1,338 shares issued to him. The filing also records the disposition of the derivative instrument as part of the exercise.

Key Details

• Transaction date: February 8, 2026; Form 4 filed Feb 10, 2026.
• Activity codes: M = exercise/conversion of derivative; F = shares withheld to pay tax liability.
• Shares exercised: 2,597; shares withheld for tax: 1,259 at $57.55/share (reported $72,455); net shares received: 1,338.
• Shares owned after transaction: not specified in the provided filing.
• Footnote: F1 notes each restricted stock unit equals a contingent right to one share of FLXS common stock (as disclosed in the filing).
• Filing timeliness: Filed two days after the transaction date (Feb 10 for Feb 8 transaction).

Context

• This was an option exercise/conversion with partial share withholding to cover taxes (a common cashless exercise/tax-withholding mechanism), not an open-market sale or purchase beyond the withholding. Such withholding is routine and does not necessarily signal a change in the insider’s view of the company.