Director at MIDDLEBY (MIDD) receives 1,161 restricted stock units in equity grant
Filing Impact
Filing Sentiment
Form Type
4
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
1 transaction reported
Mixed
1 txn
Insider
Shah Tejas P.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,161 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 3,409 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did MIDDLEBY (MIDD) director Tejas P. Shah report?
Tejas P. Shah reported receiving an equity grant of 1,161 restricted stock units of MIDDLEBY common stock. The units were granted at a stated price of $0.00 per share as part of his director compensation, not through an open‑market purchase or sale.
What type of equity award did Tejas P. Shah receive from MIDDLEBY (MIDD)?
He received time‑based restricted stock units tied to MIDDLEBY common stock. Each unit represents a contingent right to receive one share, meaning actual shares will only be issued to him after the stated vesting conditions and schedule are fully satisfied.
When do Tejas P. Shah’s MIDDLEBY (MIDD) restricted stock units vest?
The restricted stock units granted to Tejas P. Shah will vest in full on March 6, 2027. After that vesting date, MIDDLEBY will issue the corresponding number of common shares to him, converting the contingent units into actual stock ownership.