Mueller Industries grants EVP 9,000 performance shares
Miritello Christopher John reported acquisition or exercise transactions in this Form 4 filing.
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
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1, F2 | 9,000 | $0.00 | $0.00 |
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
Key Terms
performance-based restricted stock financial
adjusted EBITDA financial
2-for-1 stock split financial
stock dividend financial
FAQ
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What insider equity award was reported for Mueller Industries (MLI)?
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