MillerKnoll (MLKN) interim CEO converts RSUs and receives new stock awards
Rhea-AI Filing Summary
MillerKnoll interim CEO Jeffrey M. Stutz converted 10,783 restricted stock units into the same number of common shares on August 1, 2026, leaving 108,449 RSUs outstanding. He also received common stock awards of 5,355, 2,148 and 4,592 shares, while 10,506.162 shares were withheld at $22.52 per share to satisfy exercise price or tax liabilities. He holds 15,206.806 shares indirectly through a profit share plan. The restricted stock units vest 25%, 25% and 50% on August 1 of each year over three years.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 12,371.838 shares
Net Buy
10 txns
Insider
Stutz Jeffrey M
Role
Interim CEO
| 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 | 5,232.742 | $22.52 | $118K |
| Grant/Award | Common Stock F2 | 5,355 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 2,334.78 | $22.52 | $53K |
| Grant/Award | Common Stock F2 | 2,148 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 936.528 | $22.52 | $21K |
| Grant/Award | Common Stock F2 | 4,592 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 2,002.112 | $22.52 | $45K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 108,449 shares (Direct);
Common Stock — 105,003.6918 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. 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 to common stock: 10783.0000 shares
Shares withheld for exercise price or taxes: 10506.162 shares
Withholding price per share: $22.5200 per share
+3 more
6 metrics
RSUs converted to common stock
10783.0000 shares
Restricted Stock Units converted on August 1, 2026
Shares withheld for exercise price or taxes
10506.162 shares
Total F-code dispositions to cover exercise price or tax liability
Withholding price per share
$22.5200 per share
Price for tax or exercise-price share withholdings (code F)
RSUs outstanding after conversion
108449.0000 units
Restricted Stock Units beneficially owned following derivative transaction
Indirect holdings via profit share plan
15206.8060 shares
Common stock held indirectly by profit share plan after transactions
Largest common stock award from PSUs
5355.0000 shares
Shares issued August 1, 2026 under Performance Share Units from 2023 grant
Key Terms
Restricted Stock Units, Performance Share Units, dividend equivalent units, Rule 16b-2, +2 more
6 terms
Restricted Stock Units financial
"security title "Restricted Stock Units" reported for derivative transaction"
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
"under the Company's 2020 LTIP"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity transactions did MillerKnoll (MLKN) interim CEO Jeffrey Stutz report on August 1, 2026?
Jeffrey M. Stutz reported converting 10,783 RSUs into common stock, receiving additional stock awards of 5,355, 2,148 and 4,592 shares, and having 10,506.162 shares withheld at $22.52 per share for exercise price or tax liabilities.
How many MillerKnoll (MLKN) restricted stock units did Jeffrey Stutz convert to common stock?
He converted 10,783 restricted stock units into the same number of MillerKnoll common shares. These RSUs each represented a contingent right to one common share, and the conversion occurred on August 1, 2026 as part of his equity compensation.
What stock awards did MillerKnoll (MLKN) interim CEO Jeffrey Stutz receive in this filing?
He received common stock issued pursuant to Performance Share Units granted October 19, 2023, including awards of 5,355, 2,148 and 4,592 shares. These shares were issued under the company’s 2020 LTIP as part of his long-term incentive compensation.
What vesting schedule applies to Jeffrey Stutz’s MillerKnoll (MLKN) restricted stock units?
The restricted stock units vest over three years: 25% after year one, 25% after year two and 50% after year three. Vesting occurs on August 1 of each respective year, subject to the conditions of the underlying award agreement.
Were Jeffrey Stutz’s MillerKnoll (MLKN) transactions made under a Rule 10b5-1 trading plan?
The Rule 10b5-1 checkbox is not marked for these transactions, and no footnote indicates a trading plan. This means the reported equity conversions, awards and tax-withholding dispositions were not affirmatively identified as executed pursuant to a pre-arranged 10b5-1 plan.