Have Mohawk Industries Insiders Been Selling Stock?

Mohawk Industries' CEO & Chairman, Jeffrey Lorberbaum, recently sold US$859k worth of stock at US$111 per share, following an earlier US$1.9m sale this year at US$121. Despite this selling activity, insiders, including Lorberbaum, maintain a substantial 16% ownership in the company, valued at US$1.0 billion. While current selling at around market price raises some caution, the high insider ownership suggests alignment with long-term shareholder interests.