Mohawk Industries (MHK) ex-CFO Brunk receives 9,090 RSUs and withholds shares for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Mohawk Industries (MHK) former CFO and Special Advisor James Brunk reported a routine equity compensation event. He received 9,090 shares of Common Stock as a restricted stock unit award that will vest in two equal installments over two years. To satisfy related tax obligations upon vesting, 1,213 shares were disposed of at $99.45 per share through share withholding rather than an open-market sale. After these transactions, Brunk holds 32,184 shares directly and 185 shares indirectly through a managed account.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Brunk James
Role
Insider
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 9,090 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,213 | $99.45 | $121K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 33,397 shares (Direct);
Common Stock — 185 shares (Indirect, by Managed Account)
Footnotes (1)
- Restricted stock units that will vest 1/2 each year for 2 years. Disposition related to meeting tax obligations upon vesting of restricted stock units.
Key Figures
RSU grant: 9,090 shares
Tax-withholding shares: 1,213 shares
Tax-withholding price: $99.45 per share
+2 more
5 metrics
RSU grant
9,090 shares
Restricted stock units awarded to James Brunk
Tax-withholding shares
1,213 shares
Shares delivered to meet tax obligations on vesting
Tax-withholding price
$99.45 per share
Value used for 1,213-share tax-withholding disposition
Direct holdings after transactions
32,184 shares
Common Stock directly owned by James Brunk after transactions
Indirect holdings after transactions
185 shares
Common Stock held indirectly by managed account
Key Terms
Restricted stock units, tax obligations, Managed Account, tax-withholding disposition
4 terms
Restricted stock units financial
"Restricted stock units that will vest 1/2 each year for 2 years."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax obligations financial
"Disposition related to meeting tax obligations upon vesting of restricted stock units."
Managed Account financial
"nature_of_ownership: "by Managed Account""
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What did Mohawk Industries (MHK) insider James Brunk report on this Form 4?
James Brunk reported a grant of 9,090 shares of Mohawk Industries Common Stock as restricted stock units. The award represents equity compensation, not an open-market purchase, and is tied to his role as former CFO and Special Advisor.
How do the 9,090 restricted stock units for MHK vest for James Brunk?
The 9,090 restricted stock units granted to James Brunk will vest one-half each year over two years. This structure means 50% vests after the first year and the remaining 50% after the second year, subject to the award’s terms.
What does the tax-withholding disposition mean in James Brunk’s MHK filing?
The tax-withholding disposition refers to 1,213 shares delivered at $99.45 per share to satisfy tax obligations from RSU vesting. This is an automatic mechanism where shares are surrendered for taxes, rather than a voluntary decision to sell stock in the market.
Does this MHK Form 4 indicate any changes to James Brunk’s derivative positions?
The filing’s derivative summary is empty, indicating no derivative securities transactions were reported in this Form 4. The reported activity relates only to Common Stock, specifically restricted stock unit awards and associated tax-withholding share disposition.