Middleby CEO receives 21,517-unit stock grant
One-third of the restricted stock units vests on March 1 in each of 2027, 2028 and 2029, with shares issued after each applicable vesting date.
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Rhea-AI Filing Summary
MIDDLEBY Corp (MIDD) reported that Chief Executive Officer and director Timothy John Fitzgerald acquired 21,517 time-based restricted stock units on October 2, 2026. Each unit represents a contingent right to receive one common share. One-third vests on each of March 1, 2027, March 1, 2028, and March 1, 2029, with vested shares issued after the applicable vesting date. His reported direct position following the award was 372,350 shares.
Other reported indirect holdings include 56,250 shares in Andrea C. FitzGerald 2012 Gift Trust, 20,000 shares in Timothy J. FitzGerald 2012 Gift Trust, and 25,200 shares held by spouse and children. Fitzgerald disclaimed beneficial ownership in the two trusts except to the extent of his pecuniary interest.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 21,517 | -- | -- |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (3)
- F1. These shares represent time-based restricted stock units. Each restricted stock unit represents a contingent right to receive one share of common stock on the applicable vesting date. These restricted stock units will vest 1/3 of amount on each of March 1, 2027, March 1, 2028 and March 1, 2029. Vested shares will be issued to the reporting person after the applicable vesting date.
- F2. The reporting person is the trustee and a beneficiary of the Andrea C. FitzGerald 2012 Gift Trust. Beneficial ownership is disclaimed except to the extent of the reporting person's pecuniary interest therein. This filing shall not be deemed an admission that the reporting person is, for purposes of Section 16 of the Securities Exchange Act of 1934 or otherwise, the beneficial owner of any equity securities covered by this filing.
- F3. The reporting person is the spouse of the trustee and a beneficiary of the Timothy J. FitzGerald 2012 Gift Trust. Beneficial ownership is disclaimed except to the extent of the reporting person's pecuniary interest therein. This filing shall not be deemed an admission that the reporting person is, for purposes of Section 16 of the Securities Exchange Act of 1934 or otherwise, the beneficial owner of any equity securities covered by this filing.
Key Figures
Key Terms
time-based restricted stock units financial
contingent right financial
beneficial ownership regulatory
pecuniary interest financial
FAQ
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How many restricted stock units did MIDD CEO Timothy John Fitzgerald receive?
When do Timothy John Fitzgerald’s MIDD restricted stock units vest?
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