LORBERBAUM JEFFREY S 4

What Happened

• Jeffrey S. Lorberbaum, Chairman and CEO of Mohawk Industries (MHK), was granted 19,387 restricted stock units (RSUs) on 2026-02-27 (no cash paid). Following vesting, 1,541 shares were surrendered on 2026-02-28 to satisfy tax withholding obligations, generating proceeds of $193,041 at $125.27 per share. On 2026-03-02, 533 RSUs were cancelled by the issuer for no consideration as recovery of erroneously awarded compensation.
• The initial grant is an award (not a market purchase). The tax-related disposition is routine withholding rather than an intentional sale for investment purposes.

Key Details

• Grant date and amount: 2026-02-27 — 19,387 RSUs granted at $0.00 (F1: vest 1/3 each year for 3 years).
• Tax withholding disposition: 2026-02-28 — 1,541 shares withheld/ disposed at $125.27 each, total $193,041 (F2: disposition to meet tax obligations).
• Cancellation: 2026-03-02 — 533 RSUs cancelled for no consideration related to recovery of erroneously awarded compensation (F3).
• Filing: Report filed 2026-03-03 (covers transactions through 2026-02-27–2026-03-02). This appears to be timely under Section 16 two-business-day reporting requirements.
• Shares owned after the transactions: not specified in this filing.

Context

• RSUs are a form of compensation that convert to shares as they vest; the grant itself is not a market buy signal. The 1,541-share disposition was a tax withholding action (common when RSUs vest), not necessarily a trading decision. The cancellation indicates the company reclaimed a portion of awards deemed erroneous.