Medline CEO granted 764K performance incentive units
Medline Inc. (MDLN) reported that Chief Executive Officer and director James M. Boyle received a grant/award of performance-based Incentive Units of Medline Holdings, LP on August 19, 2026.
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Form Type
4
Rhea-AI Filing Summary
Medline Inc. (MDLN) reported that Chief Executive Officer and director James M. Boyle received a grant/award of performance-based Incentive Units of Medline Holdings, LP on August 19, 2026. He acquired 764,252 fully vested Incentive Units, held indirectly through Medline Management Aggregator LLC, which are convertible into Common Units and then exchangeable one-for-one into Class A Common Stock with no expiration date.
Insider Trade Summary
Grant/Award: 764,252 shares
Grant/Award
1 txn
Insider
Boyle James M
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Incentive Units of Medline Holdings, LP F1, F2, F3 | 764,252 | -- | -- |
Holdings After Transaction:
Incentive Units of Medline Holdings, LP — 764,252 contracts (Indirect, See Footnotes)
Footnotes (3)
- F1. Represents performance-based incentive units of Medline Holdings, LP ("Incentive Units"), that were earned as a result of the achievement of certain performance criteria as certified by the compensation committee of the Issuer's board of directors on August 19, 2026. These Incentive Units are fully vested.
- F2. Incentive Units are "profit interests" having economic characteristics similar to stock appreciation rights. Vested Incentive Units are convertible, at the holder's election, into a number of Common Units generally equal to (a) the product of the number of vested Incentive Units to be converted with a given per unit participation threshold and then-current difference between the per unit value of a Common Unit at the time of the conversion (based on the public trading price of a share of Class A Common Stock) and the per unit participation threshold of such vested Incentive Units divided by (b) the per unit value of a Common Unit at the time of the conversion (based on the public trading price of a share of Class A Common Stock), subject to certain adjustments.
- F3. (Continued from Footnote 2 above) Common Units are exchangeable on a one-for-one basis for shares of Class A Common Stock pursuant to the terms of the Exchange Agreement. These Incentive Units have no expiration date. Such Incentive Units are held indirectly through Medline Management Aggregator LLC.
Key Figures
Incentive Units granted: 764,252 Incentive Units
Underlying Class A Common Stock: 764,252 shares
Conversion or exercise price threshold: $16.4900 per unit
+2 more
5 metrics
Incentive Units granted
764,252 Incentive Units
Performance-based Incentive Units of Medline Holdings, LP earned and fully vested as of August 19, 2026
Underlying Class A Common Stock
764,252 shares
Shares of Class A Common Stock underlying the Incentive Units via Common Units exchange
Conversion or exercise price threshold
$16.4900 per unit
Per unit participation threshold used in the Incentive Units conversion formula
Incentive Units following transaction
764,252 Incentive Units
Total Incentive Units reported as beneficially held indirectly after the award
Certification date for performance criteria
August 19, 2026
Date compensation committee certified achievement of performance criteria for the Incentive Units
Key Terms
Incentive Units, profit interests, stock appreciation rights, Common Units, +1 more
5 terms
Incentive Units financial
"Represents performance-based incentive units of Medline Holdings, LP ("Incentive Units"), that were earned"
Incentive units are ownership stakes a company grants to employees, contractors or advisors as part of pay, which become valuable only after certain conditions are met (for example, after a period of time or when performance targets are hit). They matter to investors because they create potential future claims on profits or ownership—similar to performance-based coupons that convert into a slice of the business—and can dilute existing holders or change incentives for management.
profit interests financial
"Incentive Units are "profit interests" having economic characteristics similar to stock appreciation rights."
stock appreciation rights financial
"Incentive Units are "profit interests" having economic characteristics similar to stock appreciation rights."
Stock appreciation rights (SARs) are a form of employee compensation that give the holder the right to receive the increase in a company's stock price over a set baseline, paid in cash or shares, without having to buy the stock. For investors, SARs matter because they can create future cash outflows or share dilution and signal how a company rewards and motivates executives — similar to giving a bonus tied directly to how well the company’s stock performs.
Common Units financial
"Vested Incentive Units are convertible, at the holder's election, into a number of Common Units"
Common units are the basic ownership stakes in a company, limited partnership, or trust that function like common stock: they give holders a claim on profits and often voting rights. Think of them as the ordinary seats at a table—the most directly affected by the business’s success or failure, so they typically offer higher upside but carry greater risk than preferred claims or creditors, which matters to investors evaluating potential return and safety.
Exchange Agreement financial
"Common Units are exchangeable on a one-for-one basis for shares of Class A Common Stock pursuant to the terms of the Exchange Agreement."
A written deal in which two parties agree to swap assets, securities or obligations under set terms—think of it as a formal swap or trade contract. For investors it matters because such agreements can change who owns what, alter a company’s capital structure, affect future cash flows or dilute existing shares, and therefore influence value and risk in a straightforward, contract-driven way.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did MDLN report for CEO James M. Boyle?
James M. Boyle received a grant of 764,252 performance-based Incentive Units of Medline Holdings, LP on August 19, 2026. These Incentive Units are fully vested and are held indirectly through Medline Management Aggregator LLC.
How many Incentive Units did the MDLN CEO hold after this Form 4 transaction?
Following the reported award, James M. Boyle is shown as holding 764,252 Incentive Units of Medline Holdings, LP in the reported position, all held indirectly through Medline Management Aggregator LLC.
What can the MDLN Incentive Units be converted into?
The filing states that vested Incentive Units are convertible into Common Units, which are then exchangeable on a one-for-one basis for shares of Class A Common Stock of Medline Inc. under an Exchange Agreement, based on a formula tied to the public trading price.
Are the MDLN Incentive Units granted to the CEO vested and do they expire?
Yes. The Incentive Units were earned based on performance criteria certified on August 19, 2026 and are described as fully vested. The filing also notes that these Incentive Units have no expiration date.
What is the economic nature of the MDLN Incentive Units reported in this Form 4?
The Incentive Units are described as “profit interests” with economic characteristics similar to stock appreciation rights. Their value depends on the difference between the per unit value of a Common Unit and a participation threshold, using the trading price of Class A Common Stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
