Form 4: Mohawk Industries CEO Jeffrey Lorberbaum Disposes of Shares to Cover Tax Obligations

CEO Jeffrey Lorberbaum disposed of shares of Mohawk Industries stock on March 4, 2024, to cover tax obligations related to the vesting of restricted stock units.

Summary

• On March 4, 2024, Jeffrey S Lorberbaum, CEO of Mohawk Industries, disposed of 1,618 shares of common stock at a price of $120.83.
• Additionally, he disposed of 2,238 shares of common stock at the same price.
• These dispositions were related to meeting tax obligations upon the vesting of restricted stock units.
• Following these transactions, Lorberbaum directly owns 58,493 shares of Mohawk Industries common stock.
• Lorberbaum also indirectly owns shares through various entities, including Aladdin Partners, LP (8,182,285 shares), Dalton Fund (420,668 shares), Dalton Partners (19,140 shares), JSL Legacy Fund LP (453,074 shares), MCL Family Funds Tr (14,200 shares), PAS Trust (315,002 shares), and by Managed Account (194 shares).

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to stock transactions for tax purposes. It doesn't convey any particularly positive or negative sentiment about the company's performance or future prospects.

Industry Context

This filing is a routine disclosure of insider transactions and doesn't necessarily indicate a change in the company's outlook or performance. It is common for executives to sell shares to cover tax obligations related to stock-based compensation.

Stakeholder Impact

• The stock disposal may have a minor impact on shareholders due to the increased supply of shares in the market, but the effect is likely to be minimal given the relatively small number of shares involved compared to the total outstanding shares.

Key Dates