Middleby (NASDAQ: MIDD) director boosts stake after RSU conversion
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.
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Insider Trade Summary
Net Buyer: 349 shares
Net Buy
2 txns
Insider
OBRIEN GORDON
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Common Stock F1 | 349 | -- | -- |
| holding | Common Stock F2 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 17,864 shares (Direct);
Common Stock — 25,900 shares (Indirect, By Trust)
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
Shares acquired via conversion: 349 shares of Common Stock
Direct holdings after transaction: 17,864 shares of Common Stock
Indirect holdings in family trust: 25,900 shares of Common Stock
+1 more
4 metrics
Shares acquired via conversion
349 shares of Common Stock
Conversion of derivative security on July 20, 2026
Direct holdings after transaction
17,864 shares of Common Stock
Direct ownership following the July 20, 2026 conversion
Indirect holdings in family trust
25,900 shares of Common Stock
Held indirectly by a family trust, with OBRIEN GORDON as trustee and beneficiary
RSUs converted
1,161 RSUs into 1,510 RSUs
Adjustment under Employee Matters Agreement related to Midera Food Processing, Inc. spin-off completed on July 6, 2026
Key Terms
Conversion of derivative security, RSUs, Employee Matters Agreement, spin-off, +1 more
5 terms
Conversion of derivative security financial
"transaction_code_description: "Conversion of derivative security""
RSUs financial
"conversion of 1,161 RSUs into 1,510 RSUs pursuant to the adjustment"
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 regulatory
"pursuant to the adjustment required by the Employee Matters Agreement"
spin-off financial
"entered into 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.
family trust financial
"These shares are held by a family trust, of which the reporting person"
FAQ
What insider transaction did MIDD director OBRIEN GORDON report on July 20, 2026?
OBRIEN GORDON reported a conversion of a derivative security into 349 shares of MIDDLEBY Corp common stock on July 20, 2026, increasing his directly held position to 17,864 shares.
Is the family trust’s MIDD holding attributed to OBRIEN GORDON in this filing?
Yes. The filing reports 25,900 MIDD shares held by a family trust, noting that OBRIEN GORDON is both trustee and a beneficiary, so the position is reported as indirect ownership.
Was the July 20, 2026 MIDD transaction under a Rule 10b5-1 trading plan?
No. The Form 4 indicates the Rule 10b5-1 checkbox is not checked, so the reported July 20, 2026 conversion was not affirmed as being made under a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
