Vandini Mauro 4
Research Summary
AI-generated summary
Mohawk Industries (MHK) President Vandini Mauro Receives RSU Award
What Happened
- Vandini Mauro, President of Global Ceramic at Mohawk Industries (MHK), was granted 9,416 restricted stock units (RSUs) on February 27, 2026 (transaction code A). The RSUs were awarded at $0.00 per share (no cash exchanged). On March 2, 2026 the issuer cancelled 48 of those RSUs for no consideration as a recovery of an erroneous award (transaction code J).
Key Details
- Grant date: February 27, 2026 — 9,416 RSUs awarded at $0.00 (total reported value $0).
- Cancellation date: March 2, 2026 — 48 RSUs cancelled for no consideration (recovery of erroneously awarded compensation).
- Vesting: The RSUs vest in three equal installments (1/3 each year over 3 years). (Footnote F1)
- Filing: Form 4 filed March 3, 2026, reporting the Feb 27 grant and Mar 2 cancellation. (Compare the filing date to the grant date for timeliness against the typical two-business-day reporting rule.)
- Shares owned after the transactions: Not specified in the provided filing.
Context
- These were restricted stock unit awards (not open-market purchases or sales), so no cash changed hands at grant or cancellation. RSU grants are compensation and do not necessarily signal a buying/selling decision by the insider.
- The small cancellation (48 RSUs) was described as recovery of an erroneous award, per the filing footnote, and appears administrative rather than a voluntary disposition by the insider.