Director at Middleby (MIDD) receives 1,161 time-based restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
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
1 transaction reported
Mixed
1 txn
Insider
Palisi Chapin Sarah
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,161 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 8,380 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did MIDDLEBY (MIDD) report for Sarah Palisi Chapin?
MIDDLEBY reported that director Sarah Palisi Chapin received an award of 1,161 time-based restricted stock units. Each unit represents a contingent right to one share of common stock, granted at $0.00 per unit, classified as a grant or other acquisition on the Form 4.
What are the key terms of the restricted stock units granted to the MIDDLEBY (MIDD) director?
The award consists of time-based restricted stock units, each representing a contingent right to one MIDDLEBY common share. The units were granted at $0.00 per unit and will vest in full on March 6, 2027, with vested shares to be issued after that vesting date.
When do the MIDDLEBY (MIDD) restricted stock units granted to Sarah Palisi Chapin vest?
The restricted stock units granted to Sarah Palisi Chapin are scheduled to vest in full on March 6, 2027. Once vested, one share of MIDDLEBY common stock will be issued for each unit, with issuance occurring after the applicable vesting date as described in the filing footnote.
Does the MIDDLEBY (MIDD) Form 4 indicate a stock purchase or a stock grant?
The Form 4 indicates a stock grant, not a purchase. The transaction code is “A,” described as a grant, award, or other acquisition, covering 1,161 time-based restricted stock units awarded at $0.00 per unit, rather than an open-market or cash-funded share purchase.