Ressler Michael J 4

What Happened
Michael J. Ressler, Chief Financial Officer of Flexsteel Industries (FLXS), had restricted stock units (RSUs) vest and convert to common shares on June 30, 2026 (total vested: 2,404 RSUs). To satisfy tax withholding, 1,038 shares were transferred (disposed) at an indicated value of $74.48 per share for a total tax withholding amount of $77,310. On July 1, 2026 he was granted an additional 1,678 RSUs subject to time‑based vesting.

Key Details

• Transaction dates: RSU vesting/conversion on 2026-06-30; tax withholding recorded 2026-06-30; new RSU grant on 2026-07-01.
• Conversion entries show N/A price (RSUs convert to shares; no exercise price). Tax withholding disposition: 1,038 shares at $74.48 = $77,310.
• Shares owned after the transactions: not specified in the filing.
• Footnotes: F1 clarifies each RSU converts to one share; F2 notes 1,459 RSUs were granted 7/1/2023 and vested 6/30/2026; F3 describes a July 1, 2025 RSU grant with 1/3 vesting each year starting 6/30/2026; F4 describes the new award’s multi‑year vesting schedule.
• Filing: Reported with accession date 2026-07-02; appears to be a timely Form 4 filing following the 6/30 transactions.

Context
This activity is largely routine vesting and tax withholding (a cashless settlement to cover withholding obligations), not a market purchase or discretionary sale. The conversion of RSUs to shares and the withholding of shares to satisfy taxes do not by themselves indicate a buy or sell decision in the open market. The new 1,678 RSU grant is subject to multi‑year vesting per the footnotes.