MIDDLEBY (MIDD) CFO reports PSU vesting and tax-withholding share surrender
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MIDDLEBY Corp Chief Financial Officer Bryan E. Mittelman reported equity compensation activity involving company common stock. He acquired 3,012 shares at no cost upon vesting of performance-based PSUs that were originally awarded on August 9, 2023. To cover related tax obligations, 1,335 shares were surrendered back to the company at a price of $143.08 per share, a non-market tax-withholding disposition rather than an open-market sale. After these transactions, Mittelman directly holds 44,440 shares of MIDDLEBY common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Mittelman Bryan E.
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,012 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,335 | $143.08 | $191K |
Holdings After Transaction:
Common Stock — 45,775 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 transactions did MIDDLEBY (MIDD) disclose for CFO Bryan Mittelman?
MIDDLEBY reported that CFO Bryan Mittelman received 3,012 shares of common stock from vesting performance-based PSUs and surrendered 1,335 shares to cover tax liabilities. These transactions are compensation and tax-related, not open-market purchases or sales.
Was the MIDDLEBY (MIDD) CFO’s Form 4 a market purchase or sale?
The filing shows no open-market purchase or sale. Shares were acquired via vesting of performance-based PSUs at no cost, and a portion was surrendered back to the company at $143.08 per share solely to fund the related tax liability.