Mohawk (MHK) President Paul F. De Cock Sells Shares to Cover Taxes

What Happened

• Paul F. De Cock, President and COO of Mohawk Industries (MHK), had 2,115 shares disposed to satisfy tax obligations related to the vesting of restricted stock units (RSUs). The dispositions comprised 1,210 shares at $127.00 (proceeds $153,670) and 905 shares at $124.15 (proceeds $112,356), totaling roughly $266,026. These were not open-market sales for investment purposes but share withholdings to cover taxes.

Key Details

• Transaction dates and prices:
  • Feb 21, 2026: 1,210 shares withheld at $127.00 — $153,670
  • Feb 23, 2026: 905 shares withheld at $124.15 — $112,356
• Total shares surrendered: 2,115; total proceeds ≈ $266,026.
• Shares owned after transaction: Not specified in the filing.
• Footnote: F1 — Disposition related to meeting tax obligations upon vesting of restricted stock units (tax withholding).
• Filing: Form 4 filed Feb 24, 2026; no late-filing flag noted in the report.

Context

• This was a routine tax withholding on RSU vesting (cashless/share-surrender), not an expressed bullish or bearish trade. Such transactions are common when restricted shares vest and generally reflect tax settlement rather than a change in the insider’s investment view.