Middleby (MIDD) director awarded 1,161 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GARDEN EDWARD P reported acquisition or exercise transactions in this Form 4 filing.
Middleby Corp director Edward P. Garden received a grant of 1,161 restricted stock units of common stock on March 6, 2026. These units were awarded at no cash cost and will vest in full on March 6, 2027, after which shares will be delivered to him. Following this award, he directly holds 2,269 common shares. A separate indirect holding line reflects 3,379,737 shares held by GI SPV I, an entity associated with Garden, for which he may be deemed an indirect beneficial owner only to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
GARDEN EDWARD P
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,161 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 2,269 shares (Direct);
Common Stock — 3,379,737 shares (Indirect, Please see explanation below)
Footnotes (1)
- 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. Reflects securities held directly by GI SPV I. Mr. Garden is the sole member of Garden Investment Management GP, LLC, which serves as the general partner of Garden Investment Management, L.P., which serves as the management company for GI SPV I. Accordingly, Mr. Garden may be deemed to indirectly beneficially own (as that term is defined in Rule 16a-1(a) under the Exchange Act) the securities of the Issuer beneficially owned by GI SPV I. Mr. Garden disclaims beneficial ownership of such securities except to the extent of his pecuniary interests therein, and this report shall not be deemed an admission that Mr. Garden is the beneficial owner of such securities for purposes of Section 16 of the Exchange Act or for any other purpose.
FAQ
What insider transaction did Edward P. Garden report for MIDD?
Edward P. Garden reported receiving 1,161 restricted stock units of Middleby common stock as a grant on March 6, 2026. The units were awarded at no cash cost and represent equity-based compensation rather than an open-market share purchase.
When do Edward P. Garden’s 1,161 Middleby restricted stock units vest?
The 1,161 restricted stock units granted to Edward P. Garden vest in full on March 6, 2027. After that vesting date, one share of Middleby common stock will be issued for each vested unit, delivering actual shares to him.
What does the Form 4 say about Edward P. Garden’s beneficial ownership through GI SPV I?
The Form 4 explains that GI SPV I holds 3,379,737 shares and that Garden may be deemed an indirect beneficial owner under SEC rules. However, he disclaims beneficial ownership except for his pecuniary interest, limiting the extent of his claimed economic stake.