Middleby (MIDD) director Julie Bowerman awarded 1,161 restricted stock units vesting 2027
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Bowerman Julie reported acquisition or exercise transactions in this Form 4 filing.
Middleby Corp director Julie Bowerman received an equity award of 1,161 shares of common stock in the form of time-based restricted stock units. The grant was recorded at a price of $0.0000 per share and increased her directly held stake to 2,269 shares.
Each restricted stock unit represents a contingent right to receive one share of common stock, and the units will vest in full on March 6, 2027. Vested shares will be issued to Bowerman after that vesting date, aligning her compensation more closely with shareholder outcomes over time.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Bowerman Julie
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,161 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 2,269 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Middleby (MIDD) director Julie Bowerman report?
Middleby director Julie Bowerman reported receiving 1,161 time-based restricted stock units of common stock. These equity awards cost her $0.0000 per share and increased her direct holdings to 2,269 shares, reflecting stock-based compensation rather than an open-market purchase or sale.
What type of equity did Julie Bowerman receive from Middleby (MIDD)?
Julie Bowerman received 1,161 time-based restricted stock units, each representing a contingent right to one share of Middleby common stock. These units are part of her director compensation and will convert into actual shares only when the vesting conditions are satisfied in the future.
When do Julie Bowerman’s Middleby (MIDD) restricted stock units vest?
Julie Bowerman’s 1,161 restricted stock units will vest in full on March 6, 2027. On that vesting date, each unit converts into one share of Middleby common stock, and the vested shares will then be issued to her according to the award’s terms.
How is the acquisition on this Middleby (MIDD) Form 4 classified?
The acquisition is classified under transaction code “A,” meaning a grant, award, or other acquisition. It covers 1,161 non-derivative restricted stock units of Middleby common stock, held directly by Julie Bowerman, with vesting and share issuance scheduled on March 6, 2027.