MillerKnoll interim CEO converts RSUs, withholds shares
MillerKnoll interim CEO Jeffrey M. Stutz converted 18,907 restricted stock units into the same number of common shares on July 22, 2026.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
MillerKnoll interim CEO Jeffrey M. Stutz converted 18,907 restricted stock units into the same number of common shares on July 22, 2026. Code F entries show 8,706.821 shares withheld at $21.895 per share as payment of exercise price or tax liability, and 15,206.806 shares are held indirectly by a profit share plan. These restricted stock units vest in three equal annual installments each July 22.
Insider Trade Summary
18,907 shares exercised/converted
Exercise
6 txns
Insider
Stutz Jeffrey M
Role
Interim CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F3, F4 | 6,892 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F3, F4 | 12,015 | $0.00 | $0.00 |
| Exercise | Common Stock F1, F2 | 6,892 | $0.00 | $0.00 |
| Exercise | Common Stock F1, F2 | 12,015 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 3,249.144 | $21.895 | $71K |
| Exercise Price or Tax Liability | Common Stock | 5,457.677 | $21.895 | $119K |
| Holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 119,232 contracts (Direct);
Common Stock — 91,413.1544 shares (Direct);
Common Stock — 15,206.806 shares (Indirect, by profit share plan)
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. 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. The directly owned common stock holdings reflected in Table I of this form include shares purchased through the MillerKnoll, Inc. Employee Stock Purchase Plan, which satisfies the exemption requirements of Rule 16b-3
- F3. Each restricted stock unit represents a contingent right to receive one share of MLKN common stock.
- F4. 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: 6,892 restricted stock units
Additional RSUs converted: 12,015 restricted stock units
Shares withheld at $21.895: 3,249.144 shares
+4 more
7 metrics
RSUs converted
6,892 restricted stock units
Restricted stock units converted into common stock on 2026-07-22
Additional RSUs converted
12,015 restricted stock units
Second RSU tranche converted into common stock on 2026-07-22
Shares withheld at $21.895
3,249.144 shares
Common stock withheld under code F at $21.895 per share on 2026-07-22
Additional shares withheld at $21.895
5,457.677 shares
Second code F withholding at $21.895 per share on 2026-07-22
Total RSU shares converted
18,907 shares
Total restricted stock units converted to common stock, matching exerciseShares
Shares delivered or withheld for obligations
8,706.821 shares
Total common shares delivered or withheld under code F for exercise price or tax liability
Indirect holdings by profit share plan
15,206.806 shares
Common stock held indirectly by profit share plan after reported transactions
Key Terms
Restricted Stock Units, dividend equivalent units, Rule 16b-2, Rule 16b-3, +2 more
6 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share of MLKN 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, which satisfies the exemption of Rule 16b-2."
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
"vesting RSUs, which satisfies the exemption of Rule 16b-2."
Rule 16b-3 regulatory
"Employee Stock Purchase Plan, which satisfies the exemption requirements of Rule 16b-3."
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
Employee Stock Purchase Plan financial
"include shares purchased through the MillerKnoll, Inc. Employee Stock Purchase Plan, which satisfies the exemption..."
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did MillerKnoll (MLKN) interim CEO Jeffrey Stutz report in this Form 4?
Interim CEO Jeffrey M. Stutz reported converting 18,907 restricted stock units into common stock. In connection with these conversions, 8,706.821 shares of common stock were withheld under code F as payment of exercise price or tax liability obligations.
How many restricted stock units did MLKN's interim CEO convert on July 22, 2026?
Jeffrey M. Stutz converted 18,907 restricted stock units into common shares on July 22, 2026. The transactions consisted of 6,892 units and 12,015 units, each RSU representing a contingent right to receive one share of MillerKnoll common stock.
What indirect MillerKnoll (MLKN) holdings does Jeffrey Stutz report?
Jeffrey M. Stutz reports 15,206.806 shares of MillerKnoll common stock held indirectly through a profit share plan. This position is shown separately from his directly owned shares that resulted from the conversion of restricted stock units.
How do the MillerKnoll (MLKN) RSUs held by Jeffrey Stutz vest?
The reported restricted stock units vest in three equal annual installments. According to the disclosure, vesting for each tranche occurs on July 22 of each respective year, aligning the reported conversions with one of these scheduled vesting dates.
Does the MillerKnoll (MLKN) Form 4 indicate use of a Rule 10b5-1 trading plan?
The Rule 10b5-1 checkbox is not marked as affirming that these trades were made under a trading plan. Additionally, the accompanying footnotes do not describe any pre-arranged Rule 10b5-1 or similar trading arrangement for these equity transactions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
