FRIERSON DANIEL K 4

What Happened

• Daniel K. Frierson, reported as a 10% owner of Dixie Group Inc. (DXYN), surrendered 16,172 shares on 2026-03-31 to satisfy income tax withholding related to the vesting of restricted stock.
• The shares were valued at $0.40 each, for a total consideration of $6,469. This was a tax-withholding share surrender (transaction code F), not an open-market sale.

Key Details

• Transaction date: 2026-03-31; Filing date: 2026-04-01 (appears timely).
• Shares surrendered/disposed: 16,172 at $0.40 per share; total value ≈ $6,469.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnote: "Represents shares surrendered to Company to satisfy income tax withholding requirements with respect to vesting of an outstanding award of restricted stock." (F1)
• Transaction type: tax withholding on vested restricted stock (code F), not a purchase or discretionary sale.

Context

• This was a routine cashless withholding of shares to cover tax obligations tied to RSU vesting — common administrative action that does not necessarily signal the insider's view on the stock.
• As a 10% owner, Frierson’s status is structural; this specific action reflects tax mechanics of equity compensation rather than a market transaction.