Michael J. Ressler, Chief Financial Officer of Flexsteel Industries Inc (NASDAQ:FLXS), filed a Form 4 on September 1, 2026, disclosing a series of option exercises and share dispositions that occurred on August 28, 2026.

Key Highlights

  • Option exercise (code M): Ressler exercised 774 options at a conversion price of $45.21, acquiring 774 shares of Common Stock.
  • Option exercise (code M): Ressler also exercised 1,524 options at a conversion price of $32.80, acquiring 1,524 shares of Common Stock.
  • Tax withholding dispositions (code F): 428 shares were disposed of at $81.80 per share, followed by an additional 611 shares disposed of at $81.80 per share.
  • Resulting ownership: Following all four transactions, Ressler directly owned 21,902 shares of Common Stock.
  • Derivative securities: Both option grants carried a derivative price of $0 at exercise; remaining balances on both options are reported as 0 following the transactions.

Flexsteel Industries CFO Reports Option Exercises and Share Dispositions on August 28, 2026

According to the Form 4 filed with the SEC, Michael J. Ressler, identified as CFO of Flexsteel Industries Inc, reported four transactions in Common Stock on August 28, 2026. The first two transactions involved the exercise of previously granted stock options under transaction code M, which the filing identifies as conversions or exercises of derivative securities. Ressler exercised 774 options originally granted on September 8, 2017, at a conversion price of $45.21, and separately exercised 1,524 options originally granted on September 13, 2018, at a conversion price of $32.80. Both option grants had expiration dates of September 8, 2027, and September 13, 2028, respectively, and both are reported with a derivative price of $0 at the time of exercise.

Following each exercise, shares were disposed of under transaction code F, which typically denotes payment of tax liability by forfeiting shares. The filing shows 428 shares disposed of at $81.80 per share after the first exercise, reducing the beneficially owned total to 20,989 shares. After the second exercise, an additional 611 shares were disposed of at $81.80, bringing the final directly held position to 21,902 shares. All ownership reported is direct.

The filing was signed by Jennifer Zeman as attorney-in-fact for the reporting person and submitted on September 1, 2026. The date of earliest transaction is listed as August 28, 2026. No indirect ownership or joint filing is indicated in the disclosure.

What Was Disclosed

The filing discloses that Flexsteel Industries CFO Michael J. Ressler exercised two stock option grants and disposed of shares on August 28, 2026, resulting in direct beneficial ownership of 21,902 shares of Common Stock following all transactions.