Patton Rodney David 4
Research Summary
AI-generated summary
Mohawk (MHK) VP Rodney Patton Sells 1,381 Shares for Tax Withholding
What Happened
- Rodney David Patton, VP Business Strategy at Mohawk Industries (MHK), had shares disposed to meet tax obligations when restricted stock units vested. A total of 1,381 shares were withheld/sold: 813 shares on 2026-02-21 at $127.00 ($103,251) and 568 shares on 2026-02-23 at $124.15 ($70,517), for combined proceeds of about $173,768. These transactions are coded as F (tax withholding), not open-market investment sales.
Key Details
- Transaction dates and amounts:
- 2026-02-21: 813 shares @ $127.00 = $103,251
- 2026-02-23: 568 shares @ $124.15 = $70,517
- Total shares disposed: 1,381; total value ≈ $173,768.
- Transaction code: F — disposition to satisfy tax withholding on vesting of restricted stock units (footnote F1).
- Filing date: 2026-02-24; reporting period listed as 2026-02-21.
- Shares owned after the transactions: not specified in the filing.
Context
- These were routine tax-withholding dispositions tied to RSU vesting (not purchases or discretionary open-market sales) and are commonly done by companies/officers to cover withholding taxes. Such transactions generally do not by themselves indicate a change in the insider’s view of the company.