Allen L. Danzey - Mar 12, 2024 Form 4 Insider Report for DIXIE GROUP INC (DXYN)

Signature
/s/ John F. Henry, Jr., by Power of Attorney for Allen L. Danzey
Stock symbol
DXYN
Transactions as of
Mar 12, 2024
Transactions value $
$20,036
Form type
4
Date filed
3/14/2024, 01:56 PM
Previous filing
May 26, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DXYN Common Stock, $3 par value Award $23.1K +37.9K +61.69% $0.61 99.2K Mar 12, 2024 Direct F1
transaction DXYN Common Stock, $3 par value Tax liability -$3.06K -5.01K -5.05% $0.61 94.2K Mar 12, 2024 Direct F2
holding DXYN Common Stock, $3 par value 61.4K Mar 12, 2024 Direct

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
holding DXYN Employee Stock Option (right to buy) 20K Mar 12, 2024 Employee Stock Option (right to buy) 20K $1.00 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Represents an award of restricted stock consisting of 10,400 shares of Career shares and 27,460 Long-Term Incentive Plan shares.
F2 Represents shares surrendered to Company to satisfy income tax withholding requirements with respect to vesting of an outstanding award of restricted stock.