Ethan Allen (ETD) CEO Kathwari Farooq Receives Award; Withholds Shares

What Happened
Kathwari M. Farooq, Chairman, President & CEO and a director of Ethan Allen Interiors Inc. (ETD), had 7,973 performance-based stock units convert to common shares on 2026-09-11 (code M), valued at $21.93 each for a total of $174,848. To satisfy tax withholding on the vesting, 7,204 shares were withheld (code F) at the same $21.93 price, value $157,984. The net result was retention of 769 shares (about $16,864).

Key Details

• Transaction date: 2026-09-11. Price used: $21.93 (closing price that day).
• Shares acquired/issued: 7,973 (conversion/vesting of performance-based units).
• Shares disposed/withheld for taxes: 7,204 (cashless withholding to cover tax liability).
• Net shares retained: 769 (7,973 − 7,204), net value ≈ $16,864.
• Footnotes: These were performance-based stock units granted Aug 8, 2023 that vested and were issued on Sept 11, 2026; the withholding calculation used the Sept 11, 2026 closing price.
• Shares owned after transaction: Not reported in the details provided in this filing.
• Timeliness: Form 4 filed on 2026-09-11 (same day of the transactions) — no late filing indicated.

Context
This was a vesting/issuance event (performance units converting to shares) rather than an open-market buy or a voluntary sale. The withholding is a routine, cashless method to cover taxes and should not be interpreted as a discretionary sale for liquidity or market sentiment. The primary action represents management receiving earned equity rather than making a new market bet.