Midera Food director awarded new RSU grants
Midera Food Processing director Robert A. Nerbonne reported acquisitions of time-based restricted stock units tied to the company’s spin-off from The Middleby Corporation.
Rhea-AI Filing Summary
Midera Food Processing director Robert A. Nerbonne reported acquisitions of time-based restricted stock units tied to the company’s spin-off from The Middleby Corporation. On July 20, 2026, he acquired 5,062 RSUs converted from Middleby RSUs that vest March 6, 2027, and his indirect holdings through an irrevocable trust totaled 21,471 shares. On July 30, 2026, he reported 2,493 time-based RSUs that vested in full that day and 3,802 RSUs scheduled to vest March 19, 2027. The filing affirms at least one reported transaction was effected under a Rule 10b5‑1 trading plan.
Positive
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Negative
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Insider Trade Summary 10b5-1
Grant/Award: 11,357 shares
Grant/Award
4 txns
Insider
Nerbonne Robert A
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F3 | 2,493 | -- | -- |
| Grant/Award | Common Stock F4 | 3,802 | -- | -- |
| Grant/Award | Common Stock F1, F2 | 5,062 | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 14,887 shares (Direct);
Common Stock — 21,471 shares (Indirect, Through Irrevocable Trust)
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 3,530 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 (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 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
RSUs converted in spin-off: 5,062 shares
RSUs vested July 30, 2026: 2,493 shares
RSUs vesting March 19, 2027: 3,802 shares
+2 more
5 metrics
RSUs converted in spin-off
5,062 shares
Time-based RSUs converted from The Middleby Corporation RSUs on July 20, 2026; vest March 6, 2027.
RSUs vested July 30, 2026
2,493 shares
Time-based RSUs that vested in full on July 30, 2026.
RSUs vesting March 19, 2027
3,802 shares
Time-based RSUs scheduled to vest in full on March 19, 2027.
Indirect trust holdings
21,471 shares
Common stock held indirectly through an irrevocable trust as of July 20, 2026.
Spin-off distribution shares
3,530 shares
Shares acquired through a distribution in connection with the spin-off, exempt under Rule 16a-9.
Key Terms
time-based restricted stock units ("RSUs"), Spin-Off, Rule 16a-9, irrevocable trust, +1 more
5 terms
time-based restricted stock units ("RSUs") financial
"These shares represent time-based restricted stock units ("RSUs") that have been converted..."
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 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.
contingent right financial
"Each RSU represents a contingent right to receive one share of common stock..."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did MFP director Robert A. Nerbonne report?
Robert A. Nerbonne reported acquiring 5,062, 2,493 and 3,802 time-based RSUs in Midera Food Processing stock. He also reported indirect ownership of 21,471 common shares held through an irrevocable trust as of July 20, 2026.
When do Robert A. Nerbonne’s MFP RSUs vest?
Nerbonne’s 2,493 RSUs vested in full on July 30, 2026. The 5,062 converted RSUs vest March 6, 2027, and the additional 3,802 RSUs are scheduled to vest in full on March 19, 2027.
Were Nerbonne’s MFP transactions made under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is marked, affirming that at least one reported transaction was effected pursuant to a trading plan. The document does not specify which individual RSU transaction is associated with that plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
