MillerKnoll CLO exercises 12,790 RSUs into stock
MillerKnoll, Inc. Chief Legal Officer Jacqueline Hourigan Rice exercised restricted stock units into 12,790 shares of common stock at $0.0000 per share.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
MillerKnoll, Inc. Chief Legal Officer Jacqueline Hourigan Rice exercised restricted stock units into 12,790 shares of common stock at $0.0000 per share. In connection with these awards, 2,192.653 and 3,697.048 shares were used at $21.895 per share to pay exercise price or tax-related obligations. The restricted stock units vest in three equal annual installments each July 22.
Insider Trade Summary
12,790 shares exercised/converted
Exercise
6 txns
Insider
Jacqueline Hourigan Rice
Role
Chief Legal Officer and Corpor
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F3, F4 | 8,139 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F3, F4 | 4,651 | $0.00 | $0.00 |
| Exercise | Common Stock F1, F2 | 8,139 | $0.00 | $0.00 |
| Exercise | Common Stock F1, F2 | 4,651 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 2,192.653 | $21.895 | $48K |
| Exercise Price or Tax Liability | Common Stock | 3,697.048 | $21.895 | $81K |
Holdings After Transaction:
Restricted Stock Units — 54,526 contracts (Direct);
Common Stock — 60,765.3891 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. 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 exercised: 12,790 shares
First RSU block exercised: 8,139 shares
Second RSU block exercised: 4,651 shares
+3 more
6 metrics
RSUs exercised
12,790 shares
Total restricted stock units converted to common stock on 2026-07-22
First RSU block exercised
8,139 shares
Restricted stock units converted into common stock on 2026-07-22
Second RSU block exercised
4,651 shares
Restricted stock units converted into common stock on 2026-07-22
RSU exercise price
$0.0000 per share
Per-share price for RSU conversions on 2026-07-22
Shares used for obligations (block one)
2,192.653 shares
Common stock used at $21.895 per share to pay exercise price or tax liability
Shares used for obligations (block two)
3,697.048 shares
Common stock used at $21.895 per share to pay exercise price or tax liability
Key Terms
Restricted Stock Units, dividend equivalent units, Rule 16b-2, Rule 16b-3, +1 more
5 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.
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
"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"
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 insider equity activity did MLKN report for Jacqueline Hourigan Rice?
Jacqueline Hourigan Rice converted 12,790 restricted stock units into MillerKnoll common stock. These units represented compensation awards, each giving a right to one MLKN share, and were exercised at $0.0000 per share as part of her ongoing equity program.
How many MLKN restricted stock units did Jacqueline Hourigan Rice exercise?
She exercised restricted stock units covering 12,790 shares of MillerKnoll common stock. This consisted of blocks of 8,139 and 4,651 units, each unit corresponding one-for-one to MLKN common stock under the company’s equity compensation arrangements.
How do MLKN restricted stock units held by Jacqueline Hourigan Rice vest?
The restricted stock units vest in three equal annual installments, with each tranche vesting on July 22 of the respective year. This schedule spreads the delivery of MillerKnoll common stock over multiple years, aligning with continued service.
Were MLKN transactions by Jacqueline Hourigan Rice under a Rule 10b5-1 plan?
The report indicates the Rule 10b5-1 checkbox is not marked as an affirmatively adopted plan. No footnote states that these MillerKnoll transactions occurred pursuant to a pre-arranged trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
