MIDDLEBY CCO reports RSU tax share disposition
MIDDLEBY Corp Chief Commercial Officer Steve Spittle reported a tax-related share disposition.
Rhea-AI Filing Summary
MIDDLEBY Corp Chief Commercial Officer Steve Spittle reported a tax-related share disposition. He surrendered 2,344 shares of common stock at $168.86 per share to cover tax liabilities tied to the vesting of time-based RSUs. After this transaction, he directly holds 52,087 shares of MIDDLEBY common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 2,344 shares
Exercise Price or Tax Liability
1 txn
Insider
Spittle Steve
Role
Chief Commercial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 2,344 | $168.86 | $396K |
Holdings After Transaction:
Common Stock — 52,087 shares (Direct)
Footnotes (1)
- F1. Transaction related to the surrender of shares to fund reporting person's tax liability in connection with vesting of time-based RSUs.
FAQ
What insider transaction did MIDDLEBY (MIDD) disclose for Steve Spittle?
MIDDLEBY reported that Chief Commercial Officer Steve Spittle surrendered 2,344 common shares to cover tax liabilities from vesting time-based RSUs. This tax-withholding disposition used shares instead of cash and is a routine administrative transaction rather than an open-market sale.
Was Steve Spittle’s MIDDLEBY (MIDD) Form 4 transaction an open-market sale?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale. 2,344 shares were surrendered to satisfy tax obligations arising from vesting time-based RSUs, meaning the shares funded taxes rather than being sold for investment or trading purposes.
What does transaction code F mean in the MIDDLEBY (MIDD) Form 4 filing?
Transaction code F indicates payment of an exercise price or tax liability using securities. In this filing, it shows Steve Spittle surrendered 2,344 shares to satisfy tax obligations related to vesting RSUs, rather than executing a discretionary purchase or sale in the market.
AI-generated analysis. How Rhea-AI works. Not financial advice.