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

Jeffrey Lorberbaum, CEO of Mohawk Industries, disposed of 1,555 shares of common stock on February 28, 2024, to meet tax obligations upon the vesting of restricted stock units.

Summary

• On February 28, 2024, Jeffrey S Lorberbaum, the CEO of Mohawk Industries Inc., disposed of 1,555 shares of common stock.
• The transaction was executed to cover tax obligations related to the vesting of restricted stock units.
• The price per share was $116.11.
• Following the transaction, Lorberbaum directly owns 62,349 shares of Mohawk Industries common stock.
• Lorberbaum also has indirect ownership 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: This is a neutral event related to tax obligations. It doesn't necessarily indicate a positive or negative outlook for the company.

Industry Context

This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes when restricted stock units vest.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on stakeholders as it is a routine event.

Key Dates