Middleby (NASDAQ: MIDD) director's stake updated after Midera spin-off

Rhea-AI Filing Summary

MIDDLEBY Corp (MIDD) director Julie Bowerman reported an acquisition of common stock through a derivative conversion on July 20, 2026. The filing shows 349 shares of Common Stock acquired, bringing her directly held stake to 2,618 shares. A footnote explains this reflects the conversion of 1,161 RSUs into 1,510 RSUs under an Employee Matters Agreement related to the completed spin-off of Midera Food Processing, Inc. from Middleby on July 6, 2026.

Insider Trade Summary

Net Buyer: 349 shares

Net Buy 1 txn

Insider Bowerman Julie

Role Director

Type	Security	Shares	Price	Value
Conversion	Common Stock F1	349	--	--

Holdings After Transaction: Common Stock — 2,618 shares (Direct)

Footnotes (1)

1. F1. Represents the conversion of 1,161 RSUs into 1,510 RSUs pursuant to the adjustment required by the Employee Matters Agreement entered into in connection with the spin-off of Midera Food Processing, Inc. from Middleby, which was completed on July 6, 2026.

Key Figures

Common Stock acquired: 349 shares Common Stock holdings after transaction: 2,618 shares RSUs converted (before adjustment): 1,161 RSUs +2 more

5 metrics

Common Stock acquired 349 shares Shares of Middleby Common Stock acquired via derivative conversion on July 20, 2026

Common Stock holdings after transaction 2,618 shares Directly held Middleby Common Stock following the July 20, 2026 transaction

RSUs converted (before adjustment) 1,161 RSUs RSUs referenced in footnote as part of the conversion and adjustment

RSUs after adjustment 1,510 RSUs Adjusted RSUs pursuant to the Employee Matters Agreement related to the spin-off

Spin-off completion date July 6, 2026 Date the spin-off of Midera Food Processing, Inc. from Middleby was completed

Key Terms

Restricted Stock Units, Employee Matters Agreement, spin-off, derivative security

4 terms

Restricted Stock Units financial

"Represents the conversion of 1,161 RSUs into 1,510 RSUs pursuant to the adjustment"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Employee Matters Agreement regulatory

"pursuant to the adjustment required by the Employee Matters Agreement entered into"

spin-off financial

"in connection with the spin-off of Midera Food Processing, Inc. from Middleby"

A spin-off happens when a company creates a new, independent business by separating part of itself, like splitting off a division into its own company. This often happens so the new company can focus better on its own goals or attract different investors. It matters because it can lead to more growth opportunities and clearer focus for both companies.

derivative security financial

"transaction code C with description Conversion of derivative security"

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

FAQ

What did MIDD director Julie Bowerman report in this Form 4?

Julie Bowerman reported a derivative conversion on July 20, 2026, acquiring 349 shares of Middleby Common Stock, resulting in 2,618 shares held directly after the transaction.

How many MIDD shares does Julie Bowerman own after this transaction?

After the reported transaction, Julie Bowerman directly holds 2,618 shares of Middleby Common Stock, according to the Form 4.

What was the size and nature of the transaction in MIDD shares?

The transaction involved the acquisition of 349 shares of Middleby Common Stock reported as a conversion of a derivative security (code C) on July 20, 2026.

How do RSUs factor into this MIDD Form 4 filing?

A footnote states that the event represents the conversion of 1,161 RSUs into 1,510 RSUs pursuant to an Employee Matters Agreement connected to the spin-off of Midera Food Processing, Inc. from Middleby.

What corporate action at MIDDLEBY Corp is referenced in this Form 4?

The footnote references the spin-off of Midera Food Processing, Inc. from Middleby, which was completed on July 6, 2026, and triggered an RSU adjustment under an Employee Matters Agreement.

Is this MIDD Form 4 tied to a Rule 10b5-1 trading plan?

No. The Form 4 indicates the Rule 10b5-1 checkbox is not checked, so the reported transaction is not affirmed as executed under a Rule 10b5-1 trading plan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/28/2026 - 05:03 PM Accepted by SEC EDGAR 08/28/2026 - 05:02 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Bowerman Julie

(Last) (First) (Middle)

1400 TOASTMASTER DR.

(Street)

ELGIN ILLINOIS 60120

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
MIDDLEBY Corp [ MIDD ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/20/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/20/2026		C	V	349	A	(1)	2,618	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents the conversion of 1,161 RSUs into 1,510 RSUs pursuant to the adjustment required by the Employee Matters Agreement entered into in connection with the spin-off of Midera Food Processing, Inc. from Middleby, which was completed on July 6, 2026.

Remarks:

	Michael D. Thompson POA	08/28/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)