MillerKnoll CCO exercises RSUs, faces share withholdings
MillerKnoll, Inc. Chief Creative Officer Bruce Benedict Watson exercised 8,138 Restricted Stock Units into the same number of common shares on August 1, 2026, while retaining 56,707 RSUs.
Rhea-AI Filing Summary
MillerKnoll, Inc. Chief Creative Officer Bruce Benedict Watson exercised 8,138 Restricted Stock Units into the same number of common shares on August 1, 2026, while retaining 56,707 RSUs. He also received common shares of 4,041, 1,621 and 3,466 from Performance Share Units granted under the 2020 LTIP, and had several share withholdings at $22.5200 per share to pay exercise price or tax liabilities. He additionally holds common stock indirectly through a profit share plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
8,138 shares exercised/converted
Exercise
10 txns
Insider
Watson Bruce Benedict
Role
Chief Creative Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F3, F4 | 8,138 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 8,138 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 3,949.186 | $22.52 | $89K |
| Grant/Award | Common Stock F2 | 4,041 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,761.876 | $22.52 | $40K |
| Grant/Award | Common Stock F2 | 1,621 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 706.756 | $22.52 | $16K |
| Grant/Award | Common Stock F2 | 3,466 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,511.177 | $22.52 | $34K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 56,707 contracts (Direct);
Common Stock — 98,475.3061 shares (Direct);
Common Stock — 2,213.837 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. 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 exercised: 8138.0000 Restricted Stock Units
Common shares from RSU conversion: 8138.0000 shares
PSU shares issued (2020 LTIP): 4041.0000 shares
+4 more
7 metrics
RSUs exercised
8138.0000 Restricted Stock Units
Restricted Stock Units converted into common stock on August 1, 2026
Common shares from RSU conversion
8138.0000 shares
Common Stock acquired upon RSU exercise on August 1, 2026
PSU shares issued (2020 LTIP)
4041.0000 shares
Common Stock issued pursuant to Performance Share Units under the 2020 LTIP
Additional PSU share awards
1621.0000 and 3466.0000 shares
Further common stock issuances from Performance Share Units granted October 19, 2023
Share withholding price
22.5200 per share
Price used for F-code withholdings to pay exercise price or tax liability
RSUs held after transactions
56707.0000 units
Restricted Stock Units beneficially owned following the reported transactions
Indirect common stock holdings
2213.8370 shares
Common Stock held indirectly by profit share plan
Key Terms
Restricted Stock Units, Performance Share Units, 2020 LTIP, dividend equivalent units, +2 more
6 terms
Restricted Stock Units financial
"security_title: Restricted Stock 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.
2020 LTIP financial
"Performance Share Units granted on October 19, 2023 under the Company's 2020 LTIP"
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 stock transactions did MillerKnoll (MLKN) executive Bruce Benedict Watson report on August 1, 2026?
Bruce Benedict Watson exercised 8,138 Restricted Stock Units into common stock, received additional issuances of 4,041, 1,621 and 3,466 shares from Performance Share Units, and had several share withholdings totaling 7,928.995 shares at $22.5200 per share to pay exercise price or tax liabilities.
How many restricted stock units does MillerKnoll (MLKN) Chief Creative Officer Bruce Benedict Watson still hold after these transactions?
After these transactions, Bruce Benedict Watson beneficially holds 56,707.0000 Restricted Stock Units. Each RSU represents a contingent right to receive one share of MillerKnoll common stock, subject to a three-year vesting schedule with 25%, 25% and 50% vesting on August 1 each year.
Were Bruce Benedict Watson’s MillerKnoll (MLKN) transactions reported as being under a Rule 10b5-1 trading plan?
These transactions were not reported as being under a Rule 10b5-1 trading plan, as the plan affirmation checkbox was not selected. The accompanying footnotes describe award terms and vesting but do not reference any 10b5-1 or other pre-arranged trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
