Crimmins David Edward 4

What Happened
David E. Crimmins, Chief Growth Officer of Flexsteel Industries (FLXS), had 6,058 restricted stock units (RSUs) vest on June 30, 2026 (4,960 from a 7/1/2023 grant and 1,098 from a 7/1/2025 grant). Those RSUs converted into shares; 2,796 shares were withheld to satisfy tax withholding at $74.48/share (total withheld value $208,246), leaving Crimmins with 3,262 net shares delivered. The filing also reports a new grant of 1,979 RSUs on July 1, 2026 that are subject to future vesting.

Key Details

• Transaction dates: vesting/conversion and withholding on 2026-06-30; new RSU grant dated 2026-07-01; Form 4 filed 2026-07-02 (appears timely).
• Withholding price and amount: $74.48/share; 2,796 shares withheld for $208,246.
• Gross value of vested shares at $74.48 ≈ $451,200; net shares delivered = 6,058 − 2,796 = 3,262 (≈ $242,954 at $74.48).
• Shares owned following the transaction: not specified in the provided filing.
• Footnotes: F1 explains each RSU converts to one share; F2 notes the 4,960 RSUs were granted 7/1/2023 and vested 6/30/2026; F3 covers the 7/1/2025 service-based RSUs (33⅓% vested 6/30/2026); F4 describes the new service-based RSU award (33⅓% vesting annually beginning 6/30/2027).
• Transaction types: M = exercise/conversion of derivative (RSU vesting); F = shares surrendered/withheld to pay tax obligations. No open‑market sale reported beyond withholding.

Context
This was a routine RSU vesting and associated tax withholding (common practice where shares are withheld rather than selling on the open market). The filing shows conversion of vested RSUs into shares and a subsequent grant of additional RSUs with future vesting—these awards are service-based, not an explicit cash purchase or market sale.