Midera Food Processing, Inc. (MFP) director logs RSU grants and Spin-Off shares
Rhea-AI Filing Summary
Midera Food Processing, Inc. director Cathy L. McCarthy reported awards and conversions totaling 10,734 common-share RSUs. On July 20, 2026, 5,062 time-based RSUs were converted from Middleby RSUs in connection with the Spin-Off and vest March 6, 2027. On July 30, 2026, 1,870 RSUs vested and 3,802 new RSUs were granted, vesting March 19, 2027. The report also notes 9,719 common shares from a Spin-Off distribution acquired in an exempt transaction under Rule 16a-9, and affirms the transactions under a Rule 10b5-1 trading arrangement.
Positive
- None.
Negative
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Insider Trade Summary 10b5-1
Net Buyer: 10,734 shares
Net Buy
3 txns
Insider
McCarthy Cathy L
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F3 | 1,870 | -- | -- |
| Grant/Award | Common Stock F4 | 3,802 | -- | -- |
| Grant/Award | Common Stock F1, F2 | 5,062 | -- | -- |
Holdings After Transaction:
Common Stock — 20,453 shares (Direct)
Footnotes (4)
- F1. These shares represent time-based restricted stock units ("RSUs") that have been converted from shares representing time-based RSUs of The Middleby Corporation ("Middleby") in connection with the spin-off of the Issuer from Middleby (the "Spin-Off"). 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 6, 2027. Vested shares will be issued to the reporting person after the applicable vesting date.
- F2. Includes 9,719 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 Securities Exchange Act of 1934, as amended.
- 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 vested in full on July 30, 2026. Vested shares will be issued to the reporting person after the applicable vesting date.
- F4. 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.
Key Figures
Converted RSUs: 5,062 RSUs
Vested RSUs: 1,870 RSUs
New RSU grant: 3,802 RSUs
+2 more
5 metrics
Converted RSUs
5,062 RSUs
Time-based RSUs converted from Middleby awards on July 20, 2026, vesting March 6, 2027
Vested RSUs
1,870 RSUs
Time-based RSUs that vested in full on July 30, 2026
New RSU grant
3,802 RSUs
Time-based RSUs granted July 30, 2026, vesting in full on March 19, 2027
Spin-Off distribution shares
9,719 shares
Common shares acquired via Spin-Off distribution in an exempt acquisition under Rule 16a-9
Total RSUs reported
10,734 RSUs
Aggregate RSU awards and conversions reported across the three Form 4 transactions
Key Terms
restricted stock units ("RSUs"), Spin-Off, Rule 16a-9, contingent right
4 terms
restricted stock units ("RSUs") financial
"These shares represent time-based restricted stock units ("RSUs") that have been converted..."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
Spin-Off financial
"in connection with the spin-off of the Issuer from Middleby (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 financial
"acquired through a distribution in connection with the Spin-Off, in an exempt acquisition pursuant to Rule 16a-9"
contingent right financial
"Each RSU represents a contingent right to receive one share of common stock"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider equity activity was reported for Midera Food Processing (MFP)?
Director Cathy L. McCarthy reported three equity award transactions totaling 10,734 time-based RSUs, plus 9,719 common shares received through a Spin-Off distribution, all classified as acquisitions with no sales reported in this Form 4.
How many RSUs did MFP director Cathy L. McCarthy receive or convert?
She reported 10,734 RSUs tied to Midera Food Processing common stock: 5,062 RSUs converted from Middleby awards on July 20, 2026, 1,870 RSUs that vested July 30, 2026, and 3,802 new time-based RSUs granted that same day.
What are the vesting schedules for the RSUs reported at MFP?
The converted 5,062 RSUs vest in full on March 6, 2027. The 1,870 RSUs vested on July 30, 2026, and the 3,802 RSUs will vest in full on March 19, 2027, with shares issued after each applicable vesting date.
Were the MFP insider transactions made under a Rule 10b5-1 plan?
Yes. The filing’s Rule 10b5-1 checkbox is marked, indicating the reported transactions are affirmed as made pursuant to a Rule 10b5-1 trading arrangement, which reflects a pre-established plan for handling these equity awards.