Brock Charles E 4
Research Summary
AI-generated summary
DIXIE GROUP (DXYN) Director Charles E. Brock Receives 8,000-Share Award
What Happened
- Charles E. Brock, a director of DIXIE GROUP INC (DXYN), was granted 8,000 restricted shares on May 6, 2026. The filing shows an acquisition (code A) at $0.36 per share, for a total reported value of $2,880. This was an equity award (not an open‑market purchase or sale).
Key Details
- Transaction date and filing: Grant dated 2026-05-06; Form 4 filed 2026-05-07 (timely filing).
- Price and value: 8,000 shares × $0.36 = $2,880 (award value reported on the form).
- Shares owned after transaction: Not specified in this filing.
- Footnote: Award is restricted stock paid as the equity portion of the non-employee director’s annual retainer; the award vests five days after the next year’s annual meeting of shareholders.
- Transaction code: A (award/grant/acquisition). No 10b5-1 plan, tax-withholding, or sale reported in this filing.
Context
- Director awards like this are a common form of non-employee director compensation and typically vest over time, so these shares are not immediately liquid. The grant value is modest ($2,880) and should be viewed as routine compensation rather than a clear signal of the director’s market view.