Midera Food director reports 10,734 stock RSUs
Midera Food Processing, Inc. director Cathy L. McCarthy reported awards and conversions totaling 10,734 common-share RSUs.
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.
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Insider Trade Summary 10b5-1
| 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 | -- | -- |
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
Key Terms
restricted stock units ("RSUs") financial
Spin-Off financial
Rule 16a-9 financial
contingent right financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider equity activity was reported for Midera Food Processing (MFP)?
How many RSUs did MFP director Cathy L. McCarthy receive or convert?
What are the vesting schedules for the RSUs reported at MFP?
Were the MFP insider transactions made under a Rule 10b5-1 plan?
AI-generated analysis. How Rhea-AI works. Not financial advice.