Mueller Industries (NYSE: MLI) awards 9,000 performance-based shares to EVP
Rhea-AI Filing Summary
Miritello Christopher John reported acquisition or exercise transactions in this Form 4 filing.
Mueller Industries Inc. reported that Executive Vice President, General Counsel and Secretary Christopher John Miritello received a grant of 9,000 shares of performance-based restricted stock at no cash cost. These shares may be earned between 0% and 200% of the 9,000-share target based on adjusted EBITDA performance over the three-year period from December 28, 2025 through December 30, 2028, with a vesting date of July 30, 2031. Following this award and a previously effected 2-for-1 stock split on June 30, 2026, under which he received an additional 131,018 shares as a stock dividend, Miritello directly owns 271,036 shares of Mueller Industries common stock.
Positive
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Negative
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Insider Trade Summary
Net Buyer: 9,000 shares
Net Buy
1 txn
Insider
Miritello Christopher John
Role
EVP, Gen. Counsel, Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1, F2 | 9,000 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 271,036 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, 2031.
- 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 131,018 shares of common stock.
Key Figures
Performance-based restricted stock grant: 9,000 shares
Payout range: 0%–200% of target
Performance period: December 28, 2025 through December 30, 2028
+3 more
6 metrics
Performance-based restricted stock grant
9,000 shares
Target amount of performance-based restricted stock awarded to Christopher Miritello
Payout range
0%–200% of target
Range of shares that may be earned based on adjusted EBITDA versus target
Performance period
December 28, 2025 through December 30, 2028
Three-year period over which adjusted EBITDA performance is measured
Vesting date
July 30, 2031
Scheduled vesting date for the performance-based restricted stock
Additional shares from stock split
131,018 shares
Shares received by Miritello in a 2-for-1 stock split via stock dividend
Shares owned after transaction
271,036 shares
Total direct ownership of Mueller Industries common stock following the award and split
Key Terms
performance-based restricted stock, adjusted EBITDA, 2-for-1 stock split, stock dividend
4 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 in the form"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider equity award was reported for Mueller Industries (MLI)?
Christopher John Miritello received a grant of 9,000 shares of performance-based restricted stock in Mueller Industries. The award was made at no cash cost and is subject to future performance and vesting conditions over several years.
What is the performance period for Christopher Miritello’s MLI award?
The performance period runs from December 28, 2025 through December 30, 2028. During this three-year span, Mueller Industries’ adjusted EBITDA versus a target will determine how many of the performance-based restricted shares are ultimately earned.
What impact did Mueller Industries’ June 30, 2026 stock split have on Miritello’s holdings?
On June 30, 2026, Mueller Industries effected a 2-for-1 stock split through a stock dividend, giving Christopher Miritello an additional 131,018 shares of common stock. This split-adjusted increase is reflected in his post-transaction ownership total.