MIDDLEBY director granted 1,161 restricted stock units
Shah Tejas P. reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Shah Tejas P. reported acquisition or exercise transactions in this Form 4 filing.
MIDDLEBY Corp director Tejas P. Shah received an equity award in the form of restricted stock units. On the reported date, he was granted 1,161 units of common stock at a stated price of $0.00 per share, reflecting a compensatory grant rather than an open‑market purchase.
Each restricted stock unit represents a contingent right to receive one share of MIDDLEBY common stock, and the award will vest in full on March 6, 2027. After this vesting date, vested shares will be issued to Shah, bringing his reported direct holdings to 3,409 shares following the transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,161 | $0.00 | $0.00 |
Footnotes (1)
- F1. 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.
FAQ
What insider transaction did MIDDLEBY (MIDD) director Tejas P. Shah report?
What type of equity award did Tejas P. Shah receive from MIDDLEBY (MIDD)?
When do Tejas P. Shah’s MIDDLEBY (MIDD) restricted stock units vest?
AI-generated analysis. How Rhea-AI works. Not financial advice.