Middleby (MIDD) executive gets stock award, surrenders shares to cover tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Middleby Corp executive James K. Pool III reported a stock-based compensation event. On March 13, 2026, he acquired 4,130 shares of Middleby common stock at no cost through the vesting of performance-based PSUs awarded on August 9, 2023.
To cover related tax obligations, 1,626 shares were surrendered at a price of $143.08 per share, a disposition categorized as a tax-withholding transaction rather than an open-market sale. After these transactions, he directly holds 56,406 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Pool III James K
Role
Chief Technology and*
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,130 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,626 | $143.08 | $233K |
Holdings After Transaction:
Common Stock — 58,032 shares (Direct)
Footnotes (1)
- Represents shares acquired upon vesting of performance-based PSUs that were awarded on August 9, 2023. Transaction related to the surrender of shares to fund reporting person's tax liability related to vesting of performance-based PSUs.
FAQ
What insider transaction did Middleby (MIDD) executive James K. Pool III report?
James K. Pool III reported a stock-based compensation event, not an open-market trade. He received common shares from vesting of performance-based PSUs granted on August 9, 2023, and surrendered some shares solely to cover associated tax obligations.
What are the performance-based PSUs referenced in James K. Pool III’s Middleby (MIDD) filing?
The filing states that the acquired shares came from vesting of performance-based PSUs awarded on August 9, 2023. These units converted into 4,130 common shares when performance and vesting conditions were met, triggering the reported grant and related tax withholding.
Does James K. Pool III’s Middleby (MIDD) Form 4 show any open-market buying or selling?
No open-market purchases or sales are reported. The Form 4 shows a grant of 4,130 shares from vesting of performance-based PSUs and a surrender of 1,626 shares to cover taxes, categorized as a tax-withholding disposition.