LORBERBAUM JEFFREY S 4
Research Summary
AI-generated summary
Mohawk (MHK) CEO Jeffrey S. Lorberbaum Sells Shares
What Happened
Jeffrey S. Lorberbaum, CEO of Mohawk Industries (MHK), reported dispositions to the issuer on March 18, 2026, selling a total of 3,600 shares for roughly $373,217. The filing shows two line items: 3,100 shares at an average price of $103.62 (proceeds $321,222) and 500 shares at $103.99 (proceeds $51,995). These were reported as dispositions (sales) to the issuer.
Key Details
- Transaction date: 2026-03-18
- Reported sales:
- 3,100 shares @ $103.62 = $321,222
- 500 shares @ $103.99 = $51,995
- Total shares sold: 3,600; total proceeds: $373,217
- Footnote: The filing notes the column 4 price is a weighted average; the shares were sold in multiple transactions at prices in the range $102.98 to $103.97 (reporting person can provide a per-price breakdown on request).
- Transaction code: D (Disposition to the issuer — sold back to the company)
- Filing timeliness: Reported on 2026-03-18 (same day as the transaction), indicating a timely filing based on the information provided.
- Shares owned after the transaction: Not specified in the provided filing.
Context
- These transactions are sales (not purchases or option exercises). Insider sales are common and can occur for many reasons; the filing itself does not explain motivation.
- The “disposition to the issuer” designation means the shares were transferred/sold to the company rather than sold on the open market. The footnote clarifies the prices covered multiple executions.