Middleby (NASDAQ: MIDD) awards 1,161 stock units to director OBrien
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
OBRIEN GORDON reported acquisition or exercise transactions in this Form 4 filing.
MIDDLEBY Corp director Gordon O’Brien reported an equity award of 1,161 shares of common stock in the form of time-based restricted stock units. Each unit represents one share that will vest in full on March 6, 2027, with shares issued after that date.
After this award, O’Brien directly holds 17,515 shares of common stock. In addition, 25,900 shares are held indirectly through a family trust, where he serves as both trustee and beneficiary.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
OBRIEN GORDON
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,161 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 17,515 shares (Direct);
Common Stock — 25,900 shares (Indirect, By Trust)
Footnotes (1)
- These shares represent time-based restricted stock units. Each restricted stock unit represents a contingent right to receive one share of common stock on the applicable vesting date. These restricted stock units will vest in full on March 6, 2027. Vested shares will be issued to the reporting person after the applicable vesting date. These shares are held by a family trust, of which the reporting person is the trustee and a beneficiary.
FAQ
What insider transaction did MIDD director Gordon O’Brien report?
Gordon O’Brien reported an award of 1,161 time-based restricted stock units of MIDDLEBY Corp common stock. Each unit converts into one share after vesting, reflecting routine director equity compensation rather than an open-market stock purchase or sale.
When do Gordon O’Brien’s 1,161 restricted stock units in MIDD vest?
The 1,161 restricted stock units granted to Gordon O’Brien vest in full on March 6, 2027. Once vesting occurs, one share of MIDDLEBY Corp common stock will be issued for each unit after the applicable vesting date.
What does it mean that MIDD units are time-based restricted stock units?
Time-based restricted stock units give the holder a contingent right to shares that vest over time. For Gordon O’Brien, each unit becomes one share of MIDDLEBY Corp common stock if he meets the vesting condition through March 6, 2027.
Is Gordon O’Brien’s reported MIDD transaction a stock purchase or sale?
The reported activity is an equity award, not a market purchase or sale. Gordon O’Brien received 1,161 restricted stock units at no stated cash price, which will convert into shares of MIDDLEBY Corp common stock after they vest on March 6, 2027.