Midera Food Processing (MFP) grants RSUs after Middleby spin-off
Rhea-AI Filing Summary
Midera Food Processing Chief Strategy Officer Matthew R. Fuchsen reported two equity awards. On July 20, 2026 he acquired 14,533 restricted stock units converted from The Middleby Corporation RSUs in connection with the spin-off, with 9,789 vesting March 1, 2027 and 4,744 vesting March 1, 2028. On July 30, 2026 he received 12,463 additional RSUs that vest 33% on July 1, 2027, 33% on July 1, 2028 and 34% on July 1, 2029. His holdings also include 38,268 common shares distributed in the spin-off in an exempt acquisition under Rule 16a-9.
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Insider Trade Summary 10b5-1
Net Buyer: 26,996 shares
Net Buy
2 txns
Insider
Fuchsen Matthew R
Role
Chief Strategy Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F3 | 12,463 | -- | -- |
| Grant/Award | Common Stock F1, F2 | 14,533 | -- | -- |
Holdings After Transaction:
Common Stock — 65,264 shares (Direct)
Footnotes (3)
- 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. 9,789 of these RSUs will vest on March 1, 2027 and 4,744 of these RSUs will vest on March 1, 2028. Vested shares will be issued to the reporting person after the applicable vesting date.
- F2. Includes 38,268 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 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.
Key Figures
RSUs converted in spin-off: 14,533 shares
New RSU grant: 12,463 shares
RSUs vesting March 1, 2027: 9,789 shares
+2 more
5 metrics
RSUs converted in spin-off
14,533 shares
Time-based RSUs received July 20, 2026 from The Middleby Corporation in connection with spin-off
New RSU grant
12,463 shares
Time-based RSUs granted July 30, 2026 to Chief Strategy Officer Matthew R. Fuchsen
RSUs vesting March 1, 2027
9,789 shares
Portion of converted RSUs scheduled to vest on March 1, 2027
RSUs vesting March 1, 2028
4,744 shares
Remaining converted RSUs scheduled to vest on March 1, 2028
Spin-off distribution shares
38,268 shares
Common shares acquired through distribution in connection with Midera’s spin-off under Rule 16a-9
Key Terms
time-based restricted stock units ("RSUs"), Spin-Off, Rule 16a-9
3 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 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"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity awards did Midera Food Processing (MFP) grant to Matthew R. Fuchsen?
Matthew R. Fuchsen received 14,533 restricted stock units on July 20, 2026, converted from Middleby RSUs, and 12,463 new RSUs on July 30, 2026. Each RSU represents a right to receive one Midera Food Processing common share upon vesting.
What is the vesting schedule for Matthew R. Fuchsen’s MFP RSUs?
For the 14,533 converted RSUs, 9,789 vest on March 1, 2027 and 4,744 vest on March 1, 2028. The 12,463 RSUs vest 33% on July 1, 2027, 33% on July 1, 2028 and 34% on July 1, 2029.
How is the Middleby spin-off reflected in Matthew R. Fuchsen’s MFP holdings?
In addition to RSUs, Matthew R. Fuchsen’s holdings include 38,268 Midera common shares acquired via a distribution in connection with the spin-off from The Middleby Corporation. This distribution was reported as an exempt acquisition under Rule 16a-9.
Were Matthew R. Fuchsen’s MFP transactions open-market purchases or sales?
The reported MFP transactions are equity awards and conversions, not open-market purchases or sales. They consist of time-based restricted stock units and common shares received through the corporate spin-off distribution, rather than discretionary trading in the company’s stock.
What does each RSU reported by Midera Food Processing (MFP) represent for Matthew R. Fuchsen?
Each reported RSU represents a contingent right to receive one share of Midera Food Processing common stock on the applicable vesting date. Actual shares are issued to Matthew R. Fuchsen only after the stated vesting dates are reached.