Midera director corrects RSU report, details grants
Midera Food Processing, Inc. (MFP) reports amended insider information for director Robert A. Nerbonne.
Rhea-AI Filing Summary
Midera Food Processing, Inc. (MFP) reports amended insider information for director Robert A. Nerbonne. The amendment corrects a prior filing that had erroneously shown an acquisition of 5,062 RSUs from a spin-off–related conversion that in fact was forfeited for no consideration. On July 30, 2026 he was granted 2,493 time-based RSUs that vested in full that day and 3,802 time-based RSUs scheduled to vest in full on March 19, 2027. Footnotes also describe 3,530 shares and an additional 21,471 shares of common stock held indirectly through an irrevocable trust, both acquired via spin-off distributions exempt under Rule 16a-9.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 6,295 shares
Grant/Award
3 txns
Insider
Nerbonne Robert A
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1, F2 | 2,493 | -- | -- |
| Grant/Award | Common Stock F3 | 3,802 | -- | -- |
| holding | Common Stock F4 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 9,825 shares (Direct);
Common Stock — 21,471 shares (Indirect, Through Irrevocable Trust)
Footnotes (4)
- F1. . These shares represent time-based restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of common stock on the applicable vesting date. These RSUs vested in full on July 30, 2026. Vested shares will be issued to the reporting person after the applicable vesting date.
- F2. Includes 3,530 shares of common stock that have been acquired through a distribution in connection with the spin-off (the "Spin-Off") of the Issuer from The Middleby Corporation ("Middleby"), in an exempt acquisition pursuant to Rule 16a-9 under the Securities Exchange Act of 1934, as amended (the "Exchange Act").
- F3. These shares represent time-based RSUs. Each RSU represents a contingent right to receive one share of common stock on the applicable vesting date. These RSUs will vest in full on March 19, 2027. Vested shares will be issued to the reporting person after the applicable vesting date.
- F4. Represents shares of common stock that have been acquired through a distribution in connection with the Spin-Off, in an exempt acquisition pursuant to Rule 16a-9 under the Exchange Act.
Key Figures
RSU grant vested July 30, 2026: 2,493 RSUs
RSU grant vesting March 19, 2027: 3,802 RSUs
Direct shares from spin-off distribution: 3,530 shares
+2 more
5 metrics
RSU grant vested July 30, 2026
2,493 RSUs
Time-based RSUs that vested in full on July 30, 2026
RSU grant vesting March 19, 2027
3,802 RSUs
Time-based RSUs scheduled to vest in full on March 19, 2027
Direct shares from spin-off distribution
3,530 shares
Common stock acquired via spin-off distribution in an exempt acquisition under Rule 16a-9
Indirect shares through irrevocable trust
21,471 shares
Common stock held indirectly through an irrevocable trust after spin-off distribution
Erroneously reported RSUs in original Form 4
5,062 RSUs
Previously reported as acquired from Middleby RSU conversion but actually forfeited
Key Terms
time-based restricted stock units, Spin-Off, Rule 16a-9, irrevocable trust
4 terms
time-based restricted stock units financial
"These shares represent time-based restricted stock units ("RSUs")."
Time-based restricted stock units are a form of employee compensation where individuals are granted company shares that are earned over a set period, often as a reward for staying with the company. These shares typically become fully owned and transferable only after passing specific time milestones, encouraging long-term commitment. For investors, they highlight a company's focus on employee retention and can influence future stock supply and company stability.
Spin-Off financial
"acquired through a distribution in connection with the spin-off (the "Spin-Off")"
A spin-off happens when a company creates a new, independent business by separating part of itself, like splitting off a division into its own company. This often happens so the new company can focus better on its own goals or attract different investors. It matters because it can lead to more growth opportunities and clearer focus for both companies.
Rule 16a-9 regulatory
"in an exempt acquisition pursuant to Rule 16a-9 under the Securities Exchange Act"
irrevocable trust financial
"nature_of_ownership": "Through Irrevocable Trust""
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
FAQ
What does the Form 4/A amendment for MFP correct?
It corrects a prior report that showed an acquisition of 5,062 RSUs from a conversion related to the spin-off. Those Middleby RSUs were actually forfeited for no consideration, and the amendment is filed solely to fix that administrative error.
What RSU grants to Robert A. Nerbonne does MFP report on July 30, 2026?
MFP reports grants of 2,493 time-based RSUs that vested in full on July 30, 2026 and 3,802 time-based RSUs that will vest in full on March 19, 2027. Each RSU represents a contingent right to receive one share of common stock on vesting.
Are the RSU grants to Nerbonne market purchases of MFP stock?
No. The reported RSU positions are time-based restricted stock units. Each RSU gives a contingent right to receive one share of MFP common stock on the applicable vesting date; shares will be issued after vesting, rather than acquired through market purchases.
AI-generated analysis. How Rhea-AI works. Not financial advice.
