MillerKnoll CFO reports RSU vesting and tax withholding
MillerKnoll, Inc. CFO Kevin J. Veltman reported settlement of restricted stock units into 3348 shares of common stock on July 22, 2026.
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Form Type
4
Rhea-AI Filing Summary
MillerKnoll, Inc. CFO Kevin J. Veltman reported settlement of restricted stock units into 3348 shares of common stock on July 22, 2026. To satisfy tax obligations, 1533.586 shares of common stock were withheld at $21.895 per share. He also reports 686.136 shares held indirectly by a profit share plan.
Insider Trade Summary
3,348 shares exercised/converted
Exercise
6 txns
Insider
Veltman Kevin J.
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F2, F3 | 2,604 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F2, F3 | 744 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 2,604 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 744 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 350.749 | $21.895 | $8K |
| Exercise Price or Tax Liability | Common Stock | 1,182.837 | $21.895 | $26K |
| Holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 50,409 contracts (Direct);
Common Stock — 20,513.684 shares (Direct);
Common Stock — 686.136 shares (Indirect, by profit share plan)
Footnotes (3)
- F1. The Number of Derivative Securities Beneficially Owned Following Reported Transaction reflected in Table I of this form includes dividend equivalent units reinvested in the corresponding vesting RSUs, which satisfies the exemption of Rule 16b-2.
- F2. Each restricted stock unit represents a contingent right to receive one share of MLKN common stock.
- F3. The restricted stock units vest in three equal annual installments. Vesting for each tranche occurs on July 22nd of each respective year.
Key Figures
RSUs converted to common stock: 3348 shares
Shares withheld for taxes: 1533.586 shares
Tax withholding price: $21.895 per share
+1 more
4 metrics
RSUs converted to common stock
3348 shares
Total underlying shares from restricted stock units settled on July 22, 2026
Shares withheld for taxes
1533.586 shares
Total common shares withheld to satisfy tax obligations at code F
Tax withholding price
$21.895 per share
Price applied to common stock withheld for tax liabilities on July 22, 2026
Indirect holdings via profit share plan
686.136 shares
Common stock held indirectly by a profit share plan after reported transactions
Key Terms
Restricted Stock Units, dividend equivalent units, Rule 16b-2, profit share plan
4 terms
Restricted Stock Units financial
"security title shows "Restricted Stock Units" settled into common stock"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
dividend equivalent units financial
"includes dividend equivalent units reinvested in the corresponding vesting RSUs"
Dividend equivalent units are bookkeeping credits that mirror cash dividends paid on actual shares, granted to holders of stock-based awards such as restricted stock units or deferred compensation. They matter to investors because they increase a company’s reported employee compensation cost and can lead to issuance of more shares or cash payouts over time, similar to extra pay linked to ownership that affects shareholder dilution and corporate cash flow.
Rule 16b-2 regulatory
"which satisfies the exemption of Rule 16b-2"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did MLKN CFO Kevin J. Veltman report?
Kevin J. Veltman reported settlement of restricted stock units into 3348 shares of MillerKnoll common stock, with part of the stock withheld to cover tax obligations. He also disclosed indirect ownership through a profit share plan.
What is the vesting schedule for the MLKN restricted stock units?
The restricted stock units vest in three equal annual installments. According to the disclosure, vesting for each tranche occurs on July 22nd of each respective year, creating a structured, time-based vesting schedule for these equity awards.
What indirect MillerKnoll (MLKN) holdings does the CFO report?
The CFO reports 686.136 shares of MillerKnoll common stock held indirectly through a profit share plan. This reflects plan-based ownership rather than directly held shares, with the nature of ownership described as “by profit share plan.”
Do the reported MillerKnoll Form 4 transactions involve open-market buying or selling?
The transactions involve RSU settlements and share withholding for taxes, not open-market purchases or sales. Code M entries reflect RSU conversion to common stock, while code F entries show shares withheld to pay tax liabilities.
AI-generated analysis. How Rhea-AI works. Not financial advice.
