MillerKnoll (MLKN) officer converts RSUs, receives new stock awards
Rhea-AI Filing Summary
MillerKnoll officer Michael John P exercised 10,783 Restricted Stock Units into the same number of common shares on August 1, 2026, leaving 66,604 RSUs outstanding. He also received common shares issued from Performance Share Units granted in 2023 under the 2020 LTIP, while a total of 10,467.576 shares of common stock at $22.52 per share were delivered or withheld to satisfy exercise price or tax liability obligations.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 12,410.424 shares
Net Buy
9 txns
Insider
Michael John P
Role
President North America Contra
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F3, F4 | 10,783 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 10,783 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 5,213.522 | $22.52 | $117K |
| Grant/Award | Common Stock F2 | 5,355 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 2,326.198 | $22.52 | $52K |
| Grant/Award | Common Stock F2 | 2,148 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 933.071 | $22.52 | $21K |
| Grant/Award | Common Stock F2 | 4,592 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,994.785 | $22.52 | $45K |
Holdings After Transaction:
Restricted Stock Units — 66,604 shares (Direct);
Common Stock — 73,543.6818 shares (Direct)
Footnotes (4)
- 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. Shares issued August 1, 2026 pursuant to Performance Share Units granted on October 19, 2023 under the Company's 2020 LTIP.
- F3. Each restricted stock unit represents a contingent right to receive one share of MLKN common stock.
- F4. The restricted stock units are subject to a three-year vest schedule, vesting 25% at year one, 25% at year two, and 50% at year three. Vesting is on August 1 of each respective year.
Key Figures
RSUs converted: 10,783 Restricted Stock Units
RSUs remaining: 66,604 RSUs
Shares for exercise price or tax liability: 10,467.576 shares
+3 more
6 metrics
RSUs converted
10,783 Restricted Stock Units
Restricted Stock Units converted into common stock on August 1, 2026
RSUs remaining
66,604 RSUs
Restricted Stock Units beneficially owned following the reported transaction
Shares for exercise price or tax liability
10,467.576 shares
Total common shares delivered or withheld in code F transactions
Per-share value for code F dispositions
$22.52 per share
Price used for payment of exercise price or tax liability
Largest PSU-related share issuance
5,355 shares
Common stock issued pursuant to Performance Share Units under the 2020 LTIP
RSU-to-share ratio
1 RSU = 1 share
Each restricted stock unit represents a contingent right to receive one share of MLKN common stock
Key Terms
Restricted Stock Units, Performance Share Units, dividend equivalent units, Rule 16b-2, +2 more
6 terms
Restricted Stock Units financial
"security title listed as Restricted Stock Units with 10,783.0000 units"
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"
2020 LTIP financial
"Shares issued pursuant to Performance Share Units under the Company's 2020 LTIP"
exercise price or tax liability financial
"Payment of exercise price or tax liability by delivering or withholding securities"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did Michael John P report for MLKN on August 1, 2026?
Michael John P reported converting 10,783 Restricted Stock Units into the same number of MillerKnoll common shares, acquiring additional stock issued from Performance Share Units under the 2020 LTIP, and delivering or withholding 10,467.576 shares to cover exercise price or tax liability obligations.
How many MillerKnoll (MLKN) RSUs does Michael John P hold after these transactions?
After exercising 10,783 Restricted Stock Units into common stock, Michael John P is shown as beneficially owning 66,604 RSUs. Each RSU represents a contingent right to receive one share of MLKN common stock, subject to the stated vesting schedule in the award terms.
How are Restricted Stock Units structured for MLKN in this filing?
Each MillerKnoll Restricted Stock Unit represents a contingent right to receive one share of MLKN common stock. The RSUs referenced here follow a three-year vesting schedule of 25% / 25% / 50%, vesting on August 1 of each respective year during the vesting period.