MillerKnoll (NASDAQ: MLKN) director reports phantom stock grant award
Rhea-AI Filing Summary
MillerKnoll director John Maeda reported receiving phantom stock units tied to the company’s common stock. On January 15, 2026, he acquired 8,615.3846 shares of phantom stock at a reference price of $19.5 per unit. Each phantom share is the economic equivalent of one share of MillerKnoll common stock and can be paid out in common shares under the company’s director deferred compensation plan at his election. Following this grant, Maeda beneficially owns 17,621.6024 phantom stock units under this plan.
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FAQ
What insider transaction did MillerKnoll (MLKN) director John Maeda report?
John Maeda reported acquiring 8,615.3846 shares of phantom stock linked to MillerKnoll common stock on January 15, 2026, shown as an acquisition transaction code "A".
How many MillerKnoll phantom stock units does John Maeda hold after this Form 4?
After the reported transaction, John Maeda beneficially owns 17,621.6024 phantom stock units under MillerKnoll’s director deferred compensation plan.
What is phantom stock in the MillerKnoll director deferred compensation plan?
Each MillerKnoll phantom stock unit is the economic equivalent of one share of common stock and becomes payable in common shares at the director’s election under the company’s director deferred compensation plan.
What price was used for John Maeda’s MillerKnoll phantom stock grant?
The reported grant used a reference price of $19.5 per phantom stock unit for the 8,615.3846 units acquired.
Is John Maeda’s MillerKnoll phantom stock reported as directly owned?
Yes. The Form 4 lists the 17,621.6024 phantom stock units as direct (D) ownership by John Maeda.
How does MillerKnoll’s director deferred compensation plan affect these phantom stock units?
The footnotes state that phantom stock units are acquired through participation in the MillerKnoll, Inc. Director Deferred Compensation Plan and that the plan satisfies the Rule 16b-3 exemption.