Middleby (NASDAQ: MIDD) director awarded 1,161 time-based restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Nerbonne Robert A reported acquisition or exercise transactions in this Form 4 filing.
Middleby Corp director Robert A. Nerbonne received a grant of 1,161 time-based restricted stock units of common stock on March 6, 2026. The award was recorded at a price of $0.0000 per unit and will vest in full on March 6, 2027, after which vested shares will be issued to him.
Following this grant, Nerbonne directly holds 4,691 shares of common stock. He also has indirect ownership, through an irrevocable trust, of 21,471 shares of common stock, reflecting his broader equity exposure to Middleby.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Nerbonne Robert A
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,161 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 4,691 shares (Direct);
Common Stock — 21,471 shares (Indirect, Through Irrevocable Trust)
Footnotes (1)
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FAQ
What insider transaction did Middleby (MIDD) director Robert A. Nerbonne report?
Robert A. Nerbonne reported receiving 1,161 time-based restricted stock units of Middleby common stock. The units were granted at $0.0000 per unit and represent a contingent right to receive one share of common stock for each unit upon vesting.
When do Robert A. Nerbonne’s Middleby (MIDD) restricted stock units vest?
The 1,161 time-based restricted stock units granted to Robert A. Nerbonne will vest in full on March 6, 2027. After that vesting date, the corresponding shares of Middleby common stock will be issued to him according to the award terms described.
What indirect holdings in Middleby (MIDD) stock does Robert A. Nerbonne report?
Robert A. Nerbonne reports indirect ownership of 21,471 shares of Middleby common stock through an irrevocable trust. This indirect position is separate from his directly held shares and represents additional exposure to Middleby’s equity.
What does the Form 4 say about the nature of Nerbonne’s new Middleby (MIDD) award?
The filing explains the award is time-based restricted stock units, each representing a contingent right to receive one Middleby common share. Vested shares will be issued to Robert A. Nerbonne after the applicable vesting date of March 6, 2027.
Was cash paid for Robert A. Nerbonne’s newly granted Middleby (MIDD) restricted stock units?
No cash consideration is shown for the award; the Form 4 lists a transaction price per share of $0.0000. The grant represents equity-based compensation rather than an open-market purchase of Middleby common stock.