Willis Terrence Heath 4
4 · FLEXSTEEL INDUSTRIES INC · Filed Jul 2, 2020
Insider Transaction Report
Form 4
Willis Terrence Heath
VP - Direct Commerce
Transactions
- Exercise/Conversion
Restricted Stock Units
2020-07-01−7,917→ 10,425 total→ Common Stock (7,917 underlying) - Tax Payment
Common Stock
2020-07-01−2,403→ 11,255 total - Award
Restricted Stock Units
2020-07-01+3,530→ 13,955 total→ Common Stock (3,530 underlying) - Exercise/Conversion
Common Stock
2020-07-01+7,917→ 13,658 total
Footnotes (5)
- [F1]On 07/01/2019, 23,752 restricted stock units were granted. These restricted stock units vest in three installments. On January 1, 2020, 33 1/3% vested, on July 1, 2020, 33 1/3% vested, and on January 1, 2021, 33 1/3% shall vest. Vested shares will be delivered to the reporting person on these dates of each respective year.
- [F2]Each restricted stock unit represents a contingent right to receive one share of FLXS common stock.
- [F3]Shares withheld to satisfy tax withholding obligations upon vesting of restricted stock.
- [F4]On 07/01/2020 3,530 restricted stock units were granted. The restricted stock units vest on June 30, 2023.
- [F5]On 07/19/2019, 2,508 restricted stock units were granted. These restricted stock units vest on June 30, 2022.