MillerKnoll director phantom stock transactions
MillerKnoll, Inc. director Michael R. Smith reported equity-related transactions tied to the company’s director deferred compensation plan.
Rhea-AI Filing Summary
MillerKnoll, Inc. director Michael R. Smith reported equity-related transactions tied to the company’s director deferred compensation plan. On January 15, 2026, he acquired 7,384.6153 shares of phantom stock at $19.50 per unit, each economically equivalent to one share of common stock. These phantom shares are payable in common stock at his election under the plan.
That same day, he exercised phantom stock and received common shares in two moves: 526.054 common shares at $19.50, bringing his directly held common stock to 2,319.054 shares, and an additional 781.294 common shares at $19.50, increasing his direct common holdings to 3,100.348 shares. Following these transactions, he directly held 27,260.5227 phantom stock units through the plan.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 7,384.6153 | $19.50 | $144K |
| Exercise | Phantom Stock | 526.054 | $19.50 | $10K |
| Exercise | Phantom Stock | 781.294 | $19.50 | $15K |
| Exercise | Common Stock | 526.054 | $19.50 | $10K |
| Exercise | Common Stock | 781.294 | $19.50 | $15K |
Footnotes (2)
- F1. Each share of phantom stock is the economic equivalent of one share of common stock. The shares of phantom stock become payable, in shares of common stock, at the election of the reporting person made in accordance with the company's director deferred compensation plan.
- F2. The Number of Derivative Securities Beneficially Owned reflected in Table II of this form include shares acquired through participation in the MillerKnoll, Inc. Director Deferred Compensation Plan, which satisfies the exemption of Rule 16b-3.
FAQ
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What insider transaction did MillerKnoll (MLKN) disclose for Michael R. Smith?
How many MillerKnoll phantom stock units does Michael R. Smith hold after this Form 4?
What is phantom stock in the MillerKnoll (MLKN) director deferred compensation plan?
What do the transaction codes A and M mean in this MillerKnoll Form 4?
Is Michael R. Smith’s ownership in MillerKnoll reported as direct or indirect?
How is Rule 16b-3 referenced in MillerKnoll’s phantom stock disclosure?
AI-generated analysis. How Rhea-AI works. Not financial advice.