Middleby (MIDD) CEO gets 10,579-share PSU vesting, 4,688 shares withheld for taxes
Rhea-AI Filing Summary
Middleby Corp CEO Timothy J. FitzGerald reported compensation-related share activity in company common stock. He received 10,579 shares on March 13, 2026 through the vesting of performance-based PSUs awarded on August 9, 2023, at a stated price of $0.0000 per share.
To cover associated taxes, 4,688 shares were surrendered at $143.08 per share as a tax-withholding disposition, not an open-market sale. After these transactions, his direct holdings total 346,378 shares. Indirect holdings include shares held in family trusts and by spouse and children, with beneficial ownership disclaimed except for any pecuniary interest.
Positive
- None.
Negative
- None.
Insights
Routine PSU vesting with tax withholding; no open-market trading.
The CEO of Middleby Corp received 10,579 shares through vesting of performance-based PSUs, a standard equity compensation event. The award stems from PSUs granted on August 9, 2023, reinforcing that this is part of a pre-existing compensation structure.
To satisfy tax obligations, 4,688 shares were surrendered at $143.08 per share. This F-code transaction represents tax withholding, not a market sale, so it carries little informational value about the CEO’s view of the stock. Following these entries, he directly holds 346,378 shares.
Additional shares are reported as indirectly held through family trusts and by spouse and children, with footnotes stating beneficial ownership is disclaimed except for any pecuniary interest. Overall, the filing reflects routine equity vesting and related tax settlement, with no new derivatives and no open-market buying or selling activity.
FAQ
What insider transactions did Middleby (MIDD) CEO Timothy J. FitzGerald report?
Were Middleby (MIDD) shares bought or sold on the open market in this Form 4?
How many Middleby (MIDD) shares does the CEO hold directly after this filing?
What price was used for the tax-withholding Middleby (MIDD) shares?
What performance award led to the 10,579-share grant in Middleby (MIDD) stock?
Does the Middleby (MIDD) CEO have indirect holdings through family trusts?