Middleby (NASDAQ: MIDD) CTO surrenders 2,344 shares for tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Middleby Corp Chief Technology officer James K. Pool III reported a Form 4 transaction showing a tax-withholding disposition of 2,344 shares of common stock on the vesting of time-based RSUs at a price of $168.86 per share, leaving him with 53,902 shares held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Pool III James K
Role
Chief Technology and*
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,344 | $168.86 | $396K |
Holdings After Transaction:
Common Stock — 53,902 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Middleby (MIDD) report for James K. Pool III?
Middleby reported that Chief Technology officer James K. Pool III disposed of 2,344 shares of common stock. The transaction was a tax-withholding disposition tied to the vesting of time-based RSUs, rather than an open-market sale, and was reported on Form 4.
Was the Middleby (MIDD) Form 4 transaction an open-market sale?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale. Shares were surrendered to cover James K. Pool III’s tax liability arising from the vesting of time-based restricted stock units (RSUs), according to the footnote disclosure.
What does a tax-withholding disposition mean in the Middleby (MIDD) Form 4?
A tax-withholding disposition means shares are surrendered to cover income tax due on equity awards. In this case, Middleby’s Chief Technology officer used 2,344 shares from vested time-based RSUs to satisfy his tax liability instead of paying cash to the tax authorities.