Middleby (MIDD) officer lifts stake to 58,229 shares
Rhea-AI Filing Summary
MIDDLEBY Corp (MIDD) reported an insider equity adjustment for officer James K. Pool III. On July 20, 2026, he acquired 1,823 shares of Common Stock through a reported conversion of derivative securities. After this transaction, he held 58,229 Common Stock shares directly.
According to a related agreement tied to the spin-off of Midera Food Processing, Inc., 6,080 RSUs were converted into 7,903 RSUs as an adjustment required by the Employee Matters Agreement, following completion of the spin-off on July 6, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,823 shares
Net Buy
1 txn
Insider
Pool III James K
Role
Chief Technology and*
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Common Stock F1 | 1,823 | -- | -- |
Holdings After Transaction:
Common Stock — 58,229 shares (Direct)
Footnotes (1)
- F1. Represents the conversion of 6,080 RSUs into 7,903 RSUs pursuant to the adjustment required by the Employee Matters Agreement entered into in connection with the spin-off of Midera Food Processing, Inc. from Middleby, which was completed on July 6, 2026.
Key Figures
Common Stock acquired: 1,823 shares
Common Stock holdings after transaction: 58,229 shares
RSUs before adjustment: 6,080 RSUs
+3 more
6 metrics
Common Stock acquired
1,823 shares
Shares acquired on July 20, 2026 via conversion of derivative security
Common Stock holdings after transaction
58,229 shares
Direct ownership following the July 20, 2026 transaction
RSUs before adjustment
6,080 RSUs
Number of RSUs converted under the Employee Matters Agreement
RSUs after adjustment
7,903 RSUs
Adjusted RSU amount pursuant to the Employee Matters Agreement
Transaction date
July 20, 2026
Date of conversion of derivative security into Common Stock
Spin-off completion date
July 6, 2026
Completion of spin-off of Midera Food Processing, Inc. from Middleby
Key Terms
RSUs, Employee Matters Agreement, spin-off, conversion of derivative security
4 terms
RSUs financial
"Represents the conversion of 6,080 RSUs into 7,903 RSUs pursuant"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
Employee Matters Agreement financial
"pursuant to the adjustment required by the Employee Matters Agreement entered"
spin-off financial
"in connection with the spin-off of Midera Food Processing, Inc."
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.
conversion of derivative security financial
"transaction_code_description": "Conversion of derivative security""
FAQ
What did insider James K. Pool III report in this Form 4 for MIDD?
He reported acquiring 1,823 shares of MIDDLEBY Corp Common Stock on July 20, 2026, via a conversion of derivative securities, resulting in total direct holdings of 58,229 shares of Common Stock.
What type of transaction was reported in this MIDD Form 4?
The filing reports a conversion of derivative security (code C), in which 1,823 Common Stock shares were acquired on July 20, 2026, with no per-share price disclosed.
How were RSUs adjusted in connection with the Midera spin-off from MIDD?
The footnote states that 6,080 RSUs were converted into 7,903 RSUs under the Employee Matters Agreement, an adjustment required in connection with the spin-off of Midera Food Processing, Inc. from Middleby, completed on July 6, 2026.
Was the reported MIDD insider transaction under a Rule 10b5-1 plan?
The filing indicates the Rule 10b5-1 checkbox is not affirmed (aff_10b5_one is false), and the related footnote does not state that the transaction occurred under a Rule 10b5-1 trading plan.
Did the MIDD Form 4 report any insider sales of stock?
No. The Form 4 reports an acquisition of shares via a conversion of derivative securities and no sales. The transaction summary shows zero sell transactions and one acquire transaction.
AI-generated analysis. How Rhea-AI works. Not financial advice.
