LORBERBAUM JEFFREY S 4
Research Summary
AI-generated summary
Mohawk (MHK) CEO Jeffrey Lorberbaum Sells Shares for Taxes
What Happened
- Jeffrey S. Lorberbaum, CEO of Mohawk Industries (MHK), had a total of 5,245 shares disposed to satisfy tax obligations related to vesting restricted stock units. The disposals were reported as tax-withholding transactions (code F) rather than open-market sales, totaling approximately $657,271.
Key Details
- Transactions:
- 2026-02-21: 2,142 shares withheld at $127.00 each — $272,034.
- 2026-02-23: 3,103 shares withheld at $124.15 each — $385,237.
- Total shares withheld: 5,245; total value: ~$657,271.
- Transaction code: F — disposition to meet tax obligations on RSU vesting (footnote: F1).
- Filing: Reported on 2026-02-24 for transactions dated 2026-02-21 and 2026-02-23. These were reported within the typical two-business-day Form 4 window.
- Shares owned after the transactions: Not specified in this filing.
Context
- These disposals represent shares withheld to satisfy tax withholding on vested restricted stock units (a common administrative step), not an open-market sale intended to realize investment gains. Such withholding transactions are routine and do not necessarily indicate the insider’s view on the company’s stock.