Form 4: Mohawk Industries CEO Jeffrey Lorberbaum Reports Stock Disposition for Tax Obligations
SEC Form 4 Filing
Jeffrey Lorberbaum, CEO of Mohawk Industries, reports the disposition of 1,551 shares of common stock to cover tax obligations related to vesting restricted stock units.
Summary
- On February 28, 2025, Jeffrey S Lorberbaum, CEO of Mohawk Industries, disposed of 1,551 shares of common stock.
- The disposition was related to meeting tax obligations upon the vesting of restricted stock units.
- The price per share was $117.59.
- Following the transaction, Lorberbaum directly owns 75,554 shares of common stock.
- Lorberbaum also indirectly owns shares through Aladdin Partners, LP (8,182,285), Dalton Fund (420,668), Dalton Partners (19,140), JSL Legacy Fund LP (453,074), PAS Trust (315,002), and by Managed Account (194).
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and tax obligations. It doesn't necessarily reflect a change in the executive's long-term outlook for the company.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/28/2025 | Date of stock disposition |
| 03/03/2025 | Date of signature on the report |
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