MillerKnoll (MLKN) grants 39,746 restricted stock units to company officer
Rhea-AI Filing Summary
Michael John P reported acquisition or exercise transactions in this Form 4 filing.
MILLERKNOLL, INC. reported that officer Michael John P, President North America Contra, received a grant of 39,746 restricted stock units, each representing a contingent right to one share of common stock. The units vest in three equal annual installments on July 22 of each year, leaving him with 93,802 restricted stock units following the award.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Michael John P
Role
President North America Contra
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 39,746 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 93,802 shares (Direct)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of MLKN common stock. 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 granted: 39,746 units
RSUs following award: 93,802 units
Transaction price per RSU: $0.0000
+2 more
5 metrics
RSUs granted
39,746 units
Restricted stock units awarded to officer Michael John P
RSUs following award
93,802 units
Total restricted stock units beneficially owned after the grant
Transaction price per RSU
$0.0000
Indicates no cash price was paid for the restricted stock unit award
Vesting installments
3
Restricted stock units vest in three equal annual installments
Annual vesting date
July 22
Vesting for each tranche occurs on July 22nd of each respective year
Key Terms
Restricted Stock Units, contingent right, vest in three equal annual installments
3 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share"
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.
contingent right financial
"represents a contingent right to receive one share of MLKN common stock"
vest in three equal annual installments financial
"The restricted stock units vest in three equal annual installments"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did the latest Form 4 for MLKN report?
The Form 4 reports that officer Michael John P received a grant of 39,746 restricted stock units in MillerKnoll, Inc. Each unit represents a contingent right to receive one share of MLKN common stock, subject to future vesting conditions.
How many MillerKnoll (MLKN) restricted stock units does Michael John P hold after this award?
After the reported grant, Michael John P beneficially owns 93,802 restricted stock units. This figure reflects his total restricted stock unit holdings in MillerKnoll, Inc. immediately following the 39,746-unit award reported in the Form 4 filing.
What is the vesting schedule for the 39,746 MLKN restricted stock units granted?
The 39,746 restricted stock units vest in three equal annual installments. Vesting for each tranche occurs on July 22nd of each respective year, meaning the award becomes deliverable in stages rather than all at once.
What does each restricted stock unit reported for MLKN represent?
Each restricted stock unit represents a contingent right to receive one share of MillerKnoll common stock. Shares are only delivered when vesting conditions are met, so the units function as equity-based compensation that settles in MLKN stock over time.
Was the MLKN Form 4 transaction an open-market buy or sell of stock?
No. The Form 4 shows a code “A” transaction, a grant or award acquisition of restricted stock units. This reflects equity compensation to the officer, not an open-market purchase or sale of MillerKnoll common stock.