Then-CEO Lorberbaum sells 5,000 MHK shares for $559,362.50 across three trades; holdings drop 20% to 20,000 shares
Jeffrey S Lorberbaum, who was CEO at the time, executed three separate sales totaling 5,000 shares for $559,362.50 on June 12 and June 15, 2026, reducing his holdings by 20% to 20,000 shares post-transaction. His prior four measurable sales at MHK have been well-timed, with 90-day declines in three instances (ranging from -0.5% to -19.5%), suggesting a pattern of selling ahead of or near weakness. The current stock price of $111.52 sits 22.1% below the 52-week high of $143.13 and has recovered 15.5% over 30 days, meaning these sales occurred during a period of recent momentum recovery yet well below recent peaks. The company's fundamentals show modest stability—revenue of $2,728,700,000 with net income of $117,100,000—but annual revenue growth stands at -0.5%, indicating slight contraction at the time of sale.