MillerKnoll CFO exercises RSUs, receives stock
MillerKnoll, Inc. Chief Financial Officer Kevin J. Veltman reported equity compensation activity on August 1, 2026.
Rhea-AI Filing Summary
MillerKnoll, Inc. Chief Financial Officer Kevin J. Veltman reported equity compensation activity on August 1, 2026. He exercised 1,172 restricted stock units, receiving the same number of common shares, while 1,141.649 common shares were disposed of to satisfy the exercise price or related tax obligations at $22.5200 per share. The award activity also included common shares issued pursuant to previously granted Performance Share Units under the company’s 2020 long-term incentive plan. Following the RSU transaction, 49,237 restricted stock units remained reported as beneficially owned, and 686.136 common shares were held indirectly through a profit share plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,172 shares exercised/converted
Exercise
10 txns
Insider
Veltman Kevin J.
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F3, F4 | 1,172 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 1,172 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 568.745 | $22.52 | $13K |
| Grant/Award | Common Stock F2 | 582 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 253.752 | $22.52 | $6K |
| Grant/Award | Common Stock F2 | 233 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 101.588 | $22.52 | $2K |
| Grant/Award | Common Stock F2 | 499 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 217.564 | $22.52 | $5K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 49,237 contracts (Direct);
Common Stock — 21,990.4947 shares (Direct);
Common Stock — 686.136 shares (Indirect, by profit share plan)
Footnotes (4)
- 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. Shares issued August 1, 2026 pursuant to Performance Share Units granted on October 19, 2023 under the Company's 2020 LTIP.
- F3. Each restricted stock unit represents a contingent right to receive one share of MLKN common stock.
- F4. The restricted stock units are subject to a three-year vest schedule, vesting 25% at year one, 25% at year two, and 50% at year three. Vesting is on August 1 of each respective year.
Key Figures
RSUs Exercised: 1,172 units
Shares Disposed for Obligations: 1,141.649 shares
Disposition Price: $22.5200 per share
+2 more
5 metrics
RSUs Exercised
1,172 units
Restricted stock units converted into common stock on August 1, 2026
Shares Disposed for Obligations
1,141.649 shares
Code F transactions to pay exercise price or tax liability
Disposition Price
$22.5200 per share
Price on common stock used to satisfy exercise price or tax obligations
RSUs Remaining
49,237 units
Restricted stock units beneficially owned following the reported RSU transaction
Indirect Profit Share Holdings
686.136 shares
Common stock held indirectly through a profit share plan after the transactions
Key Terms
Restricted Stock Units, Performance Share Units, dividend equivalent units, Rule 16b-2, +2 more
6 terms
Restricted Stock Units financial
"The security titled "Restricted Stock Units" was exercised 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
"Dividend equivalent units reinvested in vesting RSUs satisfy the exemption of Rule 16b-2."
2020 LTIP financial
"Performance Share Units granted on October 19, 2023 under the Company's 2020 LTIP."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did MillerKnoll (MLKN) CFO Kevin J. Veltman report in this Form 4?
Kevin J. Veltman reported equity compensation activity, including exercising 1,172 restricted stock units into common stock and disposing of 1,141.649 shares to cover exercise price or tax obligations at $22.5200 per share.
How many restricted stock units did MLKN’s CFO exercise and convert to common stock?
He exercised 1,172 restricted stock units, converting them into 1,172 shares of MillerKnoll common stock. Each RSU represents a contingent right to receive one share of common stock under the company’s equity incentive arrangements.
What ongoing equity holdings did MLKN’s CFO report after these transactions?
After the RSU-related transaction, 49,237 restricted stock units remained reported as beneficially owned. In addition, 686.136 shares of MillerKnoll common stock were held indirectly through a profit share plan structure.
Is the MillerKnoll (MLKN) CFO’s trading under a Rule 10b5-1 plan?
The filing’s Rule 10b5-1 checkbox is not marked as affirming plan status. The footnotes for these transactions do not state that they were made pursuant to a pre-arranged Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
