MIDDLEBY (MIDD) director Stephen Scherger awarded 1,161 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Scherger Stephen R. reported acquisition or exercise transactions in this Form 4 filing.
MIDDLEBY Corp director Stephen R. Scherger reported an equity award of 1,161 shares of common stock in the form of time-based restricted stock units. The grant was recorded on March 6, 2026 and is held as direct ownership.
Each restricted stock unit represents a contingent right to receive one share of MIDDLEBY common stock, and the units will vest in full on March 6, 2027. Vested shares will be issued to Scherger after the vesting date, and his direct holdings following the award total 5,409 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Scherger Stephen R.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,161 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 5,409 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What did MIDDLEBY (MIDD) director Stephen R. Scherger report in this Form 4 filing?
Stephen R. Scherger reported an equity award of 1,161 time-based restricted stock units of MIDDLEBY common stock. These units represent a contingent right to receive shares and increase his direct holdings to 5,409 shares after the reported grant.
When do Stephen Scherger’s MIDDLEBY (MIDD) restricted stock units vest?
The time-based restricted stock units granted to Stephen Scherger will vest in full on March 6, 2027. After this vesting date, one share of MIDDLEBY common stock will be issued for each unit, delivering the vested shares directly to him.
Was there a purchase price on Stephen Scherger’s MIDDLEBY (MIDD) restricted stock unit grant?
The reported transaction price per share for Stephen Scherger’s restricted stock unit grant is shown as $0.0000. This reflects that the award is a grant of equity compensation rather than an open-market purchase of MIDDLEBY common stock.