Flexsteel (FLXS) VP Stacy Kammes Receives Award; 4,047 Shares Withheld

What Happened
Stacy Marie Kammes, VP of Talent & Customer Experience at Flexsteel Industries (FLXS), was granted 8,923 shares (award) on 2026-08-19. To cover tax withholding related to that award, 4,047 shares were surrendered at an effective value of $78.17 per share, totaling approximately $316,354. Net shares retained from the grant were 4,876 (8,923 granted minus 4,047 withheld). This was an award/tax-withholding transaction, not an open-market buy or sell.

Key Details

• Transaction date: 2026-08-19; Form 4 filed: 2026-08-28 (filed 9 days after the transaction — later than the typical 2-business-day Form 4 deadline).
• Award (code A): 8,923 shares granted at $0.00 per share.
• Tax withholding (code F): 4,047 shares disposed/withheld at $78.17 each, value ~$316,354.
• Net shares received: 4,876.
• Shares owned after transaction: not disclosed in the provided filing details.
• Notes: Code F indicates shares were surrendered to satisfy tax obligations (stock withholding), a common administrative step when RSUs or restricted stock vest.

Context
This was a stock award with shares withheld for taxes (a cashless/stock-withholding settlement), which is routine for equity compensation and does not necessarily signal insider buying or selling intent. For retail investors, purchases or open-market sales typically convey clearer sentiment than internal tax-withholding transactions.