MillerKnoll executive exercises 16,415 RSUs into stock
MillerKnoll, Inc. President Global Retail Debbie F. Propst reported equity compensation activity dated July 22, 2026.
Rhea-AI Filing Summary
MillerKnoll, Inc. President Global Retail Debbie F. Propst reported equity compensation activity dated July 22, 2026. She converted 16,415 restricted stock units into an equal number of common shares in two tranches of 5,994 and 10,421 units that vest in three equal annual installments each July 22. To pay exercise price or tax liabilities, 3,003.379 and 5,031.101 common shares were disposed of at $21.895 per share through share withholding. Each restricted stock unit represents a contingent right to receive one share of MillerKnoll common stock, and dividend equivalent units are reinvested in the corresponding vesting RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
16,415 shares exercised/converted
Exercise
6 txns
Insider
Propst Debbie F
Role
President Global Retail
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F2, F3 | 5,994 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F2, F3 | 10,421 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 5,994 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 10,421 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 3,003.379 | $21.895 | $66K |
| Exercise Price or Tax Liability | Common Stock | 5,031.101 | $21.895 | $110K |
Holdings After Transaction:
Restricted Stock Units — 77,387 contracts (Direct);
Common Stock — 60,509.8575 shares (Direct)
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
RSUs converted to common stock: 16415 shares
First RSU tranche converted: 5994 shares
Second RSU tranche converted: 10421 shares
+3 more
6 metrics
RSUs converted to common stock
16415 shares
Total restricted stock units exercised or converted on 2026-07-22
First RSU tranche converted
5994 shares
Restricted stock units converted into common stock on 2026-07-22
Second RSU tranche converted
10421 shares
Restricted stock units converted into common stock on 2026-07-22
Shares withheld for obligations (first leg)
3003.379 shares
Common shares disposed of under code F at $21.895 per share
Shares withheld for obligations (second leg)
5031.101 shares
Common shares disposed of under code F at $21.895 per share
Withholding price per share
21.895 USD
Price per share used for share withholding dispositions on 2026-07-22
Key Terms
Restricted Stock Units, dividend equivalent units, Rule 16b-2, contingent right, +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
"which satisfies the exemption of Rule 16b-2."
contingent right financial
"represents a contingent right to receive one share of MLKN common stock."
three equal annual installments financial
"The restricted stock units vest in three equal annual installments."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity transactions did MillerKnoll (MLKN) executive Debbie F. Propst report?
Debbie F. Propst reported converting 16,415 restricted stock units into MillerKnoll common stock on July 22, 2026, in two tranches. She then had 3,003.379 and 5,031.101 common shares disposed of at $21.895 per share to satisfy tax or exercise obligations.
How many MillerKnoll (MLKN) RSUs did Debbie F. Propst convert on July 22, 2026?
On July 22, 2026, Debbie F. Propst converted a total of 16,415 restricted stock units into MillerKnoll common stock. These came from two vesting tranches of 5,994 RSUs and 10,421 RSUs, each settling into an equal number of MLKN common shares.
How do Debbie F. Propst’s MillerKnoll (MLKN) restricted stock units vest?
Debbie F. Propst’s restricted stock units vest in three equal annual installments. According to the disclosure, vesting for each tranche occurs on July 22nd of each respective year, leading to periodic conversion of RSUs into MillerKnoll common shares as those vesting dates arrive.
What do Debbie F. Propst’s MillerKnoll (MLKN) RSUs represent?
Each of Debbie F. Propst’s restricted stock units represents a contingent right to receive one share of MillerKnoll common stock. The disclosure also notes that dividend equivalent units are reinvested in the corresponding vesting RSUs, increasing the number of derivative securities reported.
AI-generated analysis. How Rhea-AI works. Not financial advice.
