Kammes Stacy Marie 4
Research Summary
AI-generated summary
Flexsteel (FLXS) VP Stacy Kammes Exercises RSUs, Withholds 1,757 Shares
What Happened
- Stacy Marie Kammes, VP Talent & Customer Experience at Flexsteel Industries (FLXS), had restricted stock units (RSUs) convert to common shares on June 30, 2026. A total of 3,826 RSUs vested (3,067 from a 7/1/2023 grant and 759 from a 7/1/2025 grant) and were converted to shares. To satisfy tax withholding, 1,757 of those shares were surrendered at $74.48 per share for $130,861. On July 1, 2026 she was also granted 1,381 new service-based RSUs.
Key Details
- Transaction dates: Vesting/conversion on 2026-06-30; tax withholding executed 2026-06-30; new RSU grant dated 2026-07-01; Form 4 filed 2026-07-02.
- Prices/value reported: 1,757 shares withheld at $74.48/share = $130,861. Other conversions show N/A price because they were RSU-to-share conversions.
- Shares owned after transaction: Not specified in the filing.
- Codes/footnotes: M = exercise/conversion of derivative (here, RSUs per F1). F = tax withholding to cover tax liability. Footnotes note the grant and vesting schedules (F2–F4).
- Timeliness: Filing dated 2026-07-02 for a 6/30/2026 vesting — no late filing flag indicated in the report.
Context
- These transactions reflect routine RSU vesting and a standard share-withholding to cover taxes (a cashless settlement), not an open-market sale. The grant of 1,381 new RSUs is a service-based award with multi-year vesting per the footnote schedule.