RSU adjustment gives Middleby director 349 more shares
MIDDLEBY Corp (MIDD) director OBRIEN GORDONconversion of a derivative security on July 20, 2026.
Sentiment and the balance of points
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Rhea-AI Filing Summary
MIDDLEBY Corp (MIDD) director OBRIEN GORDONconversion of a derivative security on July 20, 2026. The conversion added 349 shares of common stock, bringing his directly held stake to 17,864 shares. He also reports 25,900 shares held indirectly in a family trust, where he is trustee and a beneficiary. A footnote states the event reflects the conversion of 1,161 RSUs into 1,510 RSUs pursuant to an adjustment required by an Employee Matters Agreement related to the spin-off of Midera Food Processing, Inc. from Middleby, completed on July 6, 2026.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Common Stock F1 | 349 | -- | -- |
| holding | Common Stock F2 | -- | -- | -- |
Footnotes (2)
- F1. Represents the conversion of 1,161 RSUs into 1,510 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.
- F2. These shares are held by a family trust, of which the reporting person is the trustee and a beneficiary.
Key Figures
Key Terms
Conversion of derivative security financial
RSUs financial
Employee Matters Agreement regulatory
spin-off financial
family trust financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did MIDD director OBRIEN GORDON report on July 20, 2026?
Is the family trust’s MIDD holding attributed to OBRIEN GORDON in this filing?
Was the July 20, 2026 MIDD transaction under a Rule 10b5-1 trading plan?
AI-generated analysis. How Rhea-AI works. Not financial advice.