KINDER JOSEPH 4
4 · TILE SHOP HOLDINGS, INC. · Filed Mar 9, 2026
Research Summary
AI-generated summary of this filing
Tile Shop (TTSH) SVP Joseph Kinder Sells 1,108 Shares
What Happened
Joseph Kinder, SVP and Chief Merchant Officer of Tile Shop Holdings, reported a disposition of 1,108 shares on March 6, 2026. The shares were withheld by the company to satisfy tax withholding on a prior restricted stock grant (transaction code F) at $3.34 per share, for an aggregate value of $3,701. This was a tax-withholding event (not an open-market sale).
Key Details
- Transaction date and price: 2026-03-06 — 1,108 shares @ $3.34, proceeds/result $3,701.
- Transaction code: F — shares withheld to satisfy tax withholding on vesting (see footnote F1).
- Shares owned after transaction: the Form 4 does not state a single total; footnotes list restricted stock and performance awards totaling 27,225 restricted shares (see F2 & F3) plus additional stock options (see F4 & F5).
- Footnotes of note: F1 explains tax-withholding via share withholding; F2–F3 detail time- and performance-based restricted stock schedules; F4 describes option vesting schedule; F5 notes some options are fully exercisable. The company's 2025 Form 10-K contains details on the performance targets referenced.
- Filing timeliness: Report filed 2026-03-09 for a 2026-03-06 transaction — filed within required business-day window.
Context
This was a routine tax-withholding/cashless satisfaction of tax liability tied to restricted stock vesting, not an indication of a discretionary open-market sale or purchase. Such withholdings are common when awards vest and do not, by themselves, signal the insider's view of the company.
Insider Transaction Report
- Tax Payment
Common Stock
[F1][F2][F3]2026-03-06$3.34/sh−1,108$3,701→ 86,384 total
- 26,900
Stock Option (Right to Buy)
[F5]Exercise: $8.50Exp: 2027-11-06→ Common Stock (26,900 underlying) - 50,000
Stock Option (Right to Buy)
[F5]Exercise: $8.80Exp: 2028-07-20→ Common Stock (50,000 underlying) - 80,000
Stock Option (Right to Buy)
[F4]Exercise: $3.41Exp: 2036-03-02→ Common Stock (80,000 underlying)
Footnotes (5)
- [F1]The reporting person has elected to satisfy his tax withholding obligation in connection with the vesting of a prior restricted stock grant by directing the Issuer to withhold shares otherwise issuable upon vesting of the previously reported grant.
- [F2]Includes (i) 2,520 shares of restricted stock for which the risks of forfeiture will lapse on 3/4/27; (ii) 6,018 shares of restricted stock for which the risks of forfeiture will lapse in equal annual installments on each of 3/3/27 and 3/3/28; and
- [F3](iii) the following shares of performance-based restricted stock, which are, in each case, subject to Mr. Kinder remaining in continuous employment with the Issuer through December 31 of the year preceding the applicable vesting date and the Issuer achieving its performance target for each respective year: (A) 6,049 shares for which the risks of forfeiture will lapse on the date the Issuer releases its annual financial statements for the 2026 fiscal year; and (B) 12,638 shares for which the risks of forfeiture will lapse as to 30% and 40% of the initial number of shares granted on each of the dates the Issuer releases its annual financial statements for the 2026 and 2027 fiscal years, respectively. The Issuer's Form 10-K for the year ended December 31, 2025 contains additional information regarding the applicable performance targets.
- [F4]The options vest in three substantially equal installments on each of 3/2/2027, 3/2/2028 and 3/2/2029, subject to continuous employment as of the applicable vesting date.
- [F5]Fully exercisable.