MillerKnoll CCO exercises 14,407 RSUs, withholds shares
MillerKnoll, Inc. Chief Creative Officer Bruce Benedict Watson exercised restricted stock units representing 14,407 shares of common stock on July 22, 2026, at no cash exercise price.
Rhea-AI Filing Summary
MillerKnoll, Inc. Chief Creative Officer Bruce Benedict Watson exercised restricted stock units representing 14,407 shares of common stock on July 22, 2026, at no cash exercise price. To satisfy exercise-price or tax obligations, 6,634.422 shares were delivered or withheld at $21.895 per share. The restricted stock units vest in three equal annual installments each July 22, and he also reports 2,213.837 shares of common stock held indirectly through a profit share plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
14,407 shares exercised/converted
Exercise
7 txns
Insider
Watson Bruce Benedict
Role
Chief Creative Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F2, F3 | 5,245 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F2, F3 | 9,162 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 5,245 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 9,162 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 2,472.688 | $21.895 | $54K |
| Exercise Price or Tax Liability | Common Stock | 4,161.734 | $21.895 | $91K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 64,845 contracts (Direct);
Common Stock — 88,218.5311 shares (Direct);
Common Stock — 2,213.837 shares (Indirect, by profit share plan)
Footnotes (3)
- 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. Each restricted stock unit represents a contingent right to receive one share of MLKN common stock.
- F3. The restricted stock units vest in three equal annual installments. Vesting for each tranche occurs on July 22nd of each respective year.
Key Figures
RSU shares exercised: 14,407 shares
Shares withheld for obligations: 6,634.422 shares
Withholding price: $21.895 per share
+3 more
6 metrics
RSU shares exercised
14,407 shares
Total underlying common stock from RSU exercises on July 22, 2026
Shares withheld for obligations
6,634.422 shares
Common shares delivered or withheld to pay exercise price or tax liability
Withholding price
$21.895 per share
Price applied to common shares used for exercise-price or tax payments
Indirect holdings
2,213.837 shares
Common stock held indirectly by profit share plan as of July 22, 2026
RSU vesting tranches
3 annual installments
Restricted stock units vest in three equal yearly tranches each July 22
Transaction date
July 22, 2026
Date of RSU exercises and related share-withholding transactions
Key Terms
Restricted Stock Units, dividend equivalent units, Rule 16b-2, contingent right, +1 more
5 terms
Restricted Stock Units financial
"Security title listed as Restricted Stock Units vesting into 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"
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"
contingent right financial
"represents a contingent right to receive one share of MLKN common stock"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider stock activity did MillerKnoll (MLKN) report for Bruce Benedict Watson?
Bruce Benedict Watson, MillerKnoll’s Chief Creative Officer, exercised restricted stock units for 14,407 shares of common stock on July 22, 2026. Of these, 6,634.422 shares were delivered or withheld at $21.895 per share to cover exercise-price or tax obligations.
What is the vesting schedule of the MillerKnoll (MLKN) restricted stock units reported?
The restricted stock units reported vest in three equal annual installments. According to the footnotes, vesting for each tranche occurs on July 22nd of each respective year, providing a structured, time-based delivery of common shares to the executive.
What indirect MillerKnoll (MLKN) holdings does Bruce Benedict Watson report?
Bruce Benedict Watson reports 2,213.837 shares of MillerKnoll common stock held indirectly by a profit share plan. This position is listed as an indirect ownership entry, separate from the directly held shares obtained through the reported RSU exercises.
How do dividend equivalent units affect Bruce Benedict Watson’s MillerKnoll (MLKN) holdings?
The filing notes that derivative securities beneficially owned include dividend equivalent units reinvested in the corresponding vesting RSUs. These reinvested units, referenced under Rule 16b-2, increase the RSU-based holdings without separate cash transactions by the executive.
AI-generated analysis. How Rhea-AI works. Not financial advice.
