M. Farooq Kathwari, Chairman, President and CEO of Ethan Allen Interiors Inc., filed a Form 4 on September 11, 2026, disclosing the vesting of performance-based stock units and the withholding of shares to cover required taxes.

Key Highlights

  • Units vested: 7,973 performance-based stock units, originally granted on August 8, 2023, were earned and vested on September 11, 2026, recorded as an acquisition (code M) at $21.93 per share.
  • Shares withheld: 7,204 shares were withheld on September 11, 2026 (code F) at $21.93 per share to cover required tax withholding at vesting.
  • Direct ownership following transactions: Kathwari directly held 1,466,299 shares of common stock after the reported transactions.
  • Indirect holdings: An additional 15,364 shares are held by spouse, 8,549.49 shares in a 401(k) plan, and 88,320 shares in grandchildren's trust accounts.
  • Signing authority: The form was signed by Matthew J. McNulty as attorney-in-fact for M. Farooq Kathwari.

Ethan Allen CEO Kathwari's Performance Unit Vesting and Tax Withholding Details

According to the filing, M. Farooq Kathwari, who serves as Chairman, President and CEO of Ethan Allen Interiors Inc. (NYSE:ETD), reported two transactions in common stock on September 11, 2026. The first transaction (code M) reflects the acquisition of 7,973 shares resulting from performance-based stock units that were previously granted on August 8, 2023, and subsequently earned, vested, and issued on September 11, 2026. The price associated with both transactions was $21.93 per share, which the filing identifies as the closing price of Ethan Allen Interiors Inc. common stock on that date.

The second transaction (code F) records the disposition of 7,204 shares withheld at vesting to satisfy required tax withholding obligations. The filing states that the fair market value used to calculate the number of shares to be withheld was the closing price of Ethan Allen Interiors Inc. common stock as reported on September 11, 2026. Following both transactions, Kathwari directly held 1,466,299 shares of common stock.

In addition to direct holdings, the filing reports indirect beneficial ownership of 15,364 shares held by Kathwari's spouse, 8,549.49 shares held in a 401(k) plan, and 88,320 shares held in grandchildren's trust accounts. No derivative securities transactions were reported in Table II of the filing.

What Was Disclosed

The filing discloses the vesting of 7,973 performance-based stock units and the withholding of 7,204 shares for taxes, both on September 11, 2026, at $21.93 per share, resulting in direct beneficial ownership of 1,466,299 shares for Kathwari.