Derek P. Schmidt - Jun 30, 2023 Form 4 Insider Report for FLEXSTEEL INDUSTRIES INC (FLXS)

Role
COO
Signature
/s/ Jennifer Zeman, attorney-in-fact
Stock symbol
FLXS
Transactions as of
Jun 30, 2023
Transactions value $
-$78,810
Form type
4
Date filed
7/5/2023, 05:09 PM
Previous filing
Dec 19, 2022
Next filing
Sep 13, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FLXS Common Stock Options Exercise +9.09K +7.44% 131K Jun 30, 2023 Direct F1, F2
transaction FLXS Common Stock Tax liability -$78.8K -4.12K -3.14% $19.11 127K Jun 30, 2023 Direct
holding FLXS Common Stock 1.06K Jun 30, 2023 Christine Schmidt IRA
holding FLXS Common Stock 59.4K Jun 30, 2023 Derek Schmidt 401(k)
holding FLXS Common Stock 1.07K Jun 30, 2023 Derek Schmidt IRA

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction FLXS Restricted Stock Units Options Exercise -9.09K -30.27% 20.9K Jun 30, 2023 Common Stock 9.09K Direct F1, F2
transaction FLXS Restricted Stock Units Award +9.44K +45.09% 30.4K Jul 1, 2023 Common Stock 9.44K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On 7/1/20, 9,092 restricted stock units were granted. These restricted stock units vested on June 30, 2023.
F2 Each restricted stock unit represents a contingent right to receive one share of FLXS common stock.
F3 On 7/1/2023, 9,444 restricted stock units were granted. The restricted stock units will vest on June 30, 2026.