STOCK TITAN
  1. Home
  2. Sec-filings
  3. MFP
  4. [Form 4] Midera Food Processing, Inc. Insider Trading Activity

Midera Food Processing (MFP) CEO reports RSU grants tied to spin-off

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Midera Food Processing, Inc. director and Chief Executive Officer Salman Mark S. reported two equity award acquisitions, each coded as a grant or award, and indicated under a Rule 10b5-1 trading plan. On July 20, 2026 he acquired 13,648 time-based RSUs converted from awards of The Middleby Corporation in connection with Midera’s spin-off.

For this conversion grant, 8,155 of the RSUs will vest on March 1, 2027 and 5,094 will vest on March 1, 2028, with one share of common stock issuable per vested RSU. On July 30, 2026 he received a separate grant of 18,694 time-based RSUs, vesting 33% on July 1, 2027, 33% on July 1, 2028 and 34% on July 1, 2029. A related disclosure notes 28,637 common shares acquired through a spin-off distribution, characterized as an exempt acquisition under Rule 16a-9.

Positive

  • None.

Negative

  • None.
Insider Salman Mark S.
Role Chief Executive Officer
Type Security Shares Price Value
Grant/Award Common Stock F3 18,694 -- --
Grant/Award Common Stock F1, F2 13,648 -- --
Holdings After Transaction: Common Stock — 60,979 shares (Direct)
Footnotes (3)
  1. 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 Issuer from Middleby (the "Spin-Off"). Each RSU represents a contingent right to receive one share of common stock on the applicable vesting date. 8,155 of these RSUs will vest on March 1, 2027 and 5,094 of these RSUs will vest on March 1, 2028. Vested shares will be issued to the reporting person after the applicable vesting date.
  2. F2. Includes 28,637 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.
  3. 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 33% of the amount on July 1, 2027, 33% of the amount on July 1, 2028 and 34% of the amount on July 1, 2029. Vested shares will be issued to the reporting person after the applicable vesting date.
Converted RSU award 13,648 RSUs Time-based RSUs converted from The Middleby Corporation on July 20, 2026
RSUs vesting March 1, 2027 8,155 RSUs Portion of July 20, 2026 conversion award vesting on March 1, 2027
RSUs vesting March 1, 2028 5,094 RSUs Portion of July 20, 2026 conversion award vesting on March 1, 2028
New RSU grant 18,694 RSUs Time-based RSUs granted to CEO on July 30, 2026
Spin-off distribution shares 28,637 shares Common stock acquired via spin-off distribution, exempt under Rule 16a-9
restricted stock units financial
"These shares represent time-based restricted stock units ("RSUs")..."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Spin-Off financial
"...in connection with the spin-off of Issuer from Middleby..."
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..."
contingent right financial
"Each RSU represents a contingent right to receive one share..."

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
Form 4 Insider Transactions: What Each Field Means →

FAQ

What insider equity awards did Midera Food Processing (MFP) report for its CEO?
Midera Food Processing reported that CEO Salman Mark S. received two time-based RSU awards: 13,648 RSUs converted from Middleby awards on July 20, 2026, and a new grant of 18,694 RSUs on July 30, 2026, both settleable in common stock upon vesting.

How many RSUs did the Midera Food Processing (MFP) CEO receive on July 20, 2026?
On July 20, 2026, the CEO acquired 13,648 time-based RSUs converted from The Middleby Corporation awards in connection with Midera’s spin-off. Of these RSUs, 8,155 vest on March 1, 2027 and 5,094 vest on March 1, 2028, each delivering one share when vested.

What are the vesting terms of the July 30, 2026 RSU grant at Midera Food Processing (MFP)?
The July 30, 2026 grant to the CEO covers 18,694 time-based RSUs. These RSUs vest 33% on July 1, 2027, 33% on July 1, 2028 and 34% on July 1, 2029, with vested shares of common stock issued after each applicable vesting date.

How many Midera Food Processing (MFP) shares were received via the spin-off distribution?
A related disclosure states that 28,637 shares of Midera common stock were acquired through a distribution in connection with the spin-off. This distribution is described as an exempt acquisition under Rule 16a-9 of the Securities Exchange Act of 1934.

Were the Midera Food Processing (MFP) CEO transactions made under a Rule 10b5-1 plan?
The filing indicates the reported CEO equity transactions were made under a Rule 10b5-1 trading plan. This means the acquisitions followed a pre-established plan, which can reduce the informational value of the timing of these awards for interpreting insider sentiment.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Salman Mark S.
(Last)(First)(Middle)
10275 WEST HIGGINS ROAD, SUITE 300
(Street)
ROSEMONT ILLINOIS 60018
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Midera Food Processing, Inc. [ MFP ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
Chief Executive Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/20/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock07/20/2026A13,648A(1)42,285(2)D
Common Stock07/30/2026A18,694A(3)60,979D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. 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 Issuer from Middleby (the "Spin-Off"). Each RSU represents a contingent right to receive one share of common stock on the applicable vesting date. 8,155 of these RSUs will vest on March 1, 2027 and 5,094 of these RSUs will vest on March 1, 2028. Vested shares will be issued to the reporting person after the applicable vesting date.
2. Includes 28,637 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.
3. 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 33% of the amount on July 1, 2027, 33% of the amount on July 1, 2028 and 34% of the amount on July 1, 2029. Vested shares will be issued to the reporting person after the applicable vesting date.
James J. Drake POA08/03/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR