Mueller Industries (NYSE: MLI) awards CFO 34,000 performance-based shares
Rhea-AI Filing Summary
Martin Jeffrey Andrew reported acquisition or exercise transactions in this Form 4 filing.
Mueller Industries reported that EVP, CFO & Treasurer Jeffrey Andrew received a grant of 34,000.0000 shares of performance-based restricted common stock on 2026-08-05 at a reported price of $0.00 per share. The award may be earned between 0% and 200% of the target based on adjusted EBITDA performance from December 28, 2025 through December 30, 2028 and is scheduled to vest on July 30, 2029. After this award, and reflecting a prior 2-for-1 stock split on June 30, 2026 that added 305,358 shares, he directly owns 658,925.0000 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 34,000 shares
Net Buy
1 txn
Insider
Martin Jeffrey Andrew
Role
EVP, CFO & Treasurer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1, F2 | 34,000 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 658,925 shares (Direct)
Footnotes (2)
- F1. Represents performance-based restricted stock, which may be earned between 0% and 200% of the target amount reported herein based upon the Issuer's actual performance as compared with an adjusted EBITDA target during the three-year period from December 28, 2025 through December 30, 2028. The vesting date is July 30, 2029.
- F2. On June 30, 2026, the Issuer effected a 2-for-1 stock split of its common stock in the form of a stock dividend, as a result of which the Reporting Person received an additional 305,358 shares of common stock.
Key Figures
Performance-based restricted stock target: 34,000.0000 shares
Direct holdings after transaction: 658,925.0000 shares
Additional shares from stock split: 305,358 shares
+4 more
7 metrics
Performance-based restricted stock target
34,000.0000 shares
Grant of performance-based restricted stock to EVP, CFO & Treasurer Jeffrey Andrew on 2026-08-05
Direct holdings after transaction
658,925.0000 shares
Total common shares directly owned following the reported award
Additional shares from stock split
305,358 shares
Shares received via 2-for-1 stock split effected June 30, 2026
Performance payout range
0% to 200% of target shares
Actual shares earned depend on adjusted EBITDA performance during the three-year measurement period
Performance period
December 28, 2025 to December 30, 2028
Measurement period for adjusted EBITDA determining the award outcome
Vesting date
July 30, 2029
Scheduled vesting date for the performance-based restricted stock
Stock split ratio
2-for-1
Common stock split in the form of a stock dividend on June 30, 2026
Key Terms
performance-based restricted stock, adjusted EBITDA, 2-for-1 stock split, stock dividend, +1 more
5 terms
performance-based restricted stock financial
"Represents performance-based restricted stock, which may be earned between 0% and 200%..."
Shares granted to employees or executives that are held back and only become actual, tradable stock if the company meets predefined performance targets; until those goals are met the shares cannot be sold. Think of it like a bonus held in escrow that’s released only when specific results are achieved — investors watch these awards because they tie management pay to company outcomes, can dilute existing shareholders when released, and signal how confident or incentivized insiders are to meet growth or profitability goals.
adjusted EBITDA financial
"based upon the Issuer's actual performance as compared with an adjusted EBITDA target..."
Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.
2-for-1 stock split financial
"the Issuer effected a 2-for-1 stock split of its common stock..."
stock dividend financial
"2-for-1 stock split of its common stock in the form of a stock dividend..."
A stock dividend is when a company gives its existing shareholders extra shares instead of cash. It’s like receiving more pieces of the same pie rather than a bigger piece of money, which can increase the number of shares you own but usually doesn’t change the total value of your investment right away. Investors care about it because it can signal the company's growth and affect the stock’s price.
vesting date financial
"The vesting date is July 30, 2029."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Mueller Industries (MLI) report for CFO Jeffrey Andrew?
Mueller Industries reported that CFO Jeffrey Andrew received 34,000.0000 shares of performance-based restricted common stock as a grant on 2026-08-05 at a reported price of $0.00 per share, classified as a grant, award, or other acquisition.
What performance period applies to the new Mueller Industries (MLI) performance-based stock award?
The performance-based restricted stock grant may be earned between 0% and 200% of target based on Mueller Industries’ adjusted EBITDA performance during a three-year period running from December 28, 2025 through December 30, 2028.