Middleby director granted 1,161 stock units
MIDDLEBY Corp director Sarah Palisi Chapin reported an equity award of 1,161 common-stock-linked units.
Rhea-AI Filing Summary
MIDDLEBY Corp director Sarah Palisi Chapin reported an equity award of 1,161 common-stock-linked units. The Form 4 shows a grant classified as a “grant/award or other acquisition” at a price of $0.00 per unit, increasing her directly held stake to 8,380 common shares or equivalents.
According to the footnote, the award consists of time-based restricted stock units, each representing a contingent right to receive one share of common stock. These restricted stock units are scheduled to vest in full on March 6, 2027, with vested shares issued to the reporting person after that vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,161 | $0.00 | $0.00 |
Footnotes (1)
- 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 in full on March 6, 2027. Vested shares will be issued to the reporting person after the applicable vesting date.
FAQ
What insider transaction did MIDDLEBY (MIDD) report for Sarah Palisi Chapin?
What are the key terms of the restricted stock units granted to the MIDDLEBY (MIDD) director?
When do the MIDDLEBY (MIDD) restricted stock units granted to Sarah Palisi Chapin vest?
Does the MIDDLEBY (MIDD) Form 4 indicate a stock purchase or a stock grant?
AI-generated analysis. How Rhea-AI works. Not financial advice.