MillerKnoll (MLKN) awards 33,121 restricted stock units to Chief Creative Officer Watson
Rhea-AI Filing Summary
Watson Bruce Benedict reported acquisition or exercise transactions in this Form 4 filing.
MillerKnoll, Inc. reported that Chief Creative Officer Bruce Benedict Watson received a grant of 33,121 restricted stock units, each representing a contingent right to one share of common stock. These RSUs vest in three equal annual installments on July 22 of each year. Following this award, he holds 79,252 restricted stock units directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Watson Bruce Benedict
Role
Chief Creative Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units F1, F2 | 33,121 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 79,252 shares (Direct)
Footnotes (2)
- F1. Each restricted stock unit represents a contingent right to receive one share of MLKN common stock.
- F2. 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 granted: 33,121 restricted stock units
RSUs after transaction: 79,252 restricted stock units
Grant price per unit: $0.0000 per unit
+1 more
4 metrics
RSUs granted
33,121 restricted stock units
Grant to Chief Creative Officer Bruce Benedict Watson
RSUs after transaction
79,252 restricted stock units
Total restricted stock units held directly after the award
Grant price per unit
$0.0000 per unit
Equity compensation grant with no cash paid by the insider
Vesting schedule
Three equal annual installments
Each tranche vests on July 22 of each respective year
Key Terms
Restricted Stock Units, contingent right, vest in three equal annual installments, underlying security
4 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.
contingent right financial
"represents a contingent right to receive one share of MLKN common stock"
vest in three equal annual installments financial
"The restricted stock units vest in three equal annual installments"
underlying security financial
"underlying_security_title: "Common Stock" as the underlying security"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did MillerKnoll (MLKN) disclose for Bruce Benedict Watson?
MillerKnoll disclosed that Chief Creative Officer Bruce Benedict Watson received a grant of 33,121 restricted stock units. Each unit represents a contingent right to one share of common stock and is part of his equity-based compensation package.
How many MillerKnoll (MLKN) restricted stock units does Bruce Benedict Watson hold after this grant?
After the latest award, Bruce Benedict Watson holds 79,252 restricted stock units directly. This total includes the newly granted 33,121 units and represents his outstanding equity-based compensation tied to MillerKnoll common stock.
What are the vesting terms of the new MillerKnoll (MLKN) restricted stock units?
The 33,121 restricted stock units granted to Bruce Benedict Watson vest in three equal annual installments. Vesting for each tranche occurs on July 22 of each respective year, subject to the award’s standard conditions.
Does Bruce Benedict Watson’s MillerKnoll (MLKN) RSU grant involve any cash purchase?
No cash purchase is involved. The filing shows a transaction price of $0.0000 per unit, indicating these restricted stock units were granted as equity compensation rather than bought in an open-market or cash transaction.
What does each MillerKnoll (MLKN) restricted stock unit granted to Bruce Benedict Watson represent?
Each restricted stock unit represents a contingent right to receive one share of MillerKnoll common stock. Shares are actually delivered only upon vesting, assuming all applicable vesting conditions are satisfied.