MillerKnoll, Inc. (MLKN) CLO converts RSUs and receives new performance share stock
Rhea-AI Filing Summary
MillerKnoll, Inc. Chief Legal Officer Jacqueline Hourigan Rice reported equity compensation activity dated August 1, 2026. She converted 6,917 restricted stock units into the same number of common shares and now holds 47,609 RSUs.
She also received common-share issuances of 3,435, 1,378 and 2,946 shares from performance share units granted under the 2020 LTIP. To cover tax or exercise obligations, 6,739.585 shares of common stock were withheld at $22.52 per share. The RSUs vest 25%, 25% and 50% on August 1 over three years.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 7,936.415 shares
Net Buy
9 txns
Insider
Jacqueline Hourigan Rice
Role
Chief Legal Officer and Corpor
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F4, F5 | 6,917 | $0.00 | $0.00 |
| Exercise | Common Stock F1, F2 | 6,917 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 3,356.661 | $22.52 | $76K |
| Grant/Award | Common Stock F3 | 3,435 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,497.66 | $22.52 | $34K |
| Grant/Award | Common Stock F3 | 1,378 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 600.808 | $22.52 | $14K |
| Grant/Award | Common Stock F3 | 2,946 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,284.456 | $22.52 | $29K |
Holdings After Transaction:
Restricted Stock Units — 47,609 shares (Direct);
Common Stock — 69,483.5737 shares (Direct)
Footnotes (5)
- 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. 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. The directly owned common stock holdings reflected in Table I of this form include shares purchased through the MillerKnoll, Inc. Employee Stock Purchase Plan, which satisfies the exemption requirements of Rule 16b-3
- F3. Shares issued August 1, 2026 pursuant to Performance Share Units granted on October 19, 2023 under the Company's 2020 LTIP.
- F4. Each restricted stock unit represents a contingent right to receive one share of MLKN common stock.
- F5. 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: 6,917 restricted stock units
RSUs Remaining: 47,609 restricted stock units
Shares Withheld for Obligations: 6,739.585 shares
+2 more
5 metrics
RSUs Exercised
6,917 restricted stock units
Converted into common stock on August 1, 2026
RSUs Remaining
47,609 restricted stock units
Restricted stock units held by Jacqueline Hourigan Rice after the reported transactions
Shares Withheld for Obligations
6,739.585 shares
Total common shares withheld to pay exercise price or tax liability
Withholding Price
$22.5200 per share
Per-share value used for common stock withheld in code F transactions
Performance Share Unit Grants
3,435; 1,378; 2,946 shares
Common shares issued August 1, 2026 from PSUs granted October 19, 2023 under 2020 LTIP
Key Terms
Restricted Stock Units, Performance Share Units, dividend equivalent units, Employee Stock Purchase Plan, +1 more
5 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share of MLKN 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, which satisfies the exemption"
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.
Employee Stock Purchase Plan financial
"include shares purchased through the MillerKnoll, Inc. Employee Stock Purchase Plan, which satisfies the exemption"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
2020 LTIP financial
"Shares issued August 1, 2026 pursuant to Performance Share Units granted on October 19, 2023 under the Company's 2020 LTIP."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider activity did MillerKnoll (MLKN) report for Jacqueline Hourigan Rice?
MillerKnoll reported that Chief Legal Officer Jacqueline Hourigan Rice converted 6,917 restricted stock units into common shares and received several additional share issuances tied to performance share units, while some shares were withheld to satisfy tax or exercise obligations.
How many MillerKnoll (MLKN) restricted stock units did Jacqueline Rice convert?
Jacqueline Rice converted 6,917 restricted stock units into an equal number of MillerKnoll common shares on August 1, 2026. After this transaction, she continued to hold 47,609 restricted stock units, which represent contingent rights to receive additional MLKN common shares.
Do the MillerKnoll (MLKN) insider transactions involve a Rule 10b5-1 trading plan?
The Form 4 indicates the Rule 10b5-1 checkbox is not marked, meaning the reported transactions were not disclosed as being executed under a pre-arranged Rule 10b5-1 trading plan, based on the filing’s plan-status field.