Form 4: Flexsteel Industries Director Thomas M. Levine Executes Option, Disposes of Shares
SEC Form 4
Director Thomas M. Levine exercised stock options and disposed of shares of Flexsteel Industries on September 3, 2024.
Summary
- On September 3, 2024, Thomas M. Levine, a director of Flexsteel Industries Inc., executed a stock option for 2,750 shares at a price of $32.13 per share.
- Simultaneously, Levine disposed of 2,239 shares at $39.48 per share to cover taxes.
- Following these transactions, Levine directly owns 511 shares of common stock.
- Levine also indirectly owns 27,559 shares through the 2013 Revocable Trust of Thomas M. Levine, Thomas M. Levine, Trustee, and 3,000 shares through Thomas M. Levine SEP IRA.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it simply reports a transaction. It's a routine filing and doesn't inherently indicate positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company directors.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 12/09/2014 | Date option was exercisable |
| 09/03/2024 | Date of transaction: Option exercise and share disposal |
| 09/05/2024 | Date of signature |
| 12/09/2024 | Option Expiration Date |
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