Director at Miller Industries (MLR) gets new RSU grant and shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Miller Industries director Peter Lee Jackson reported equity compensation activity rather than open-market trading. He received a grant of 2,578 restricted stock units under the 2023 Non-Employee Director Stock Plan, each representing a contingent right to one share of common stock.
Separately, 1,804 restricted stock units vested and were converted into 1,804 shares of common stock on May 21, 2026, with vested shares to be delivered within 30 days of vesting. Following these transactions, Jackson directly holds 5,988 shares of common stock and 2,578 time-based restricted stock units that vest around the next annual shareholder meeting or the first anniversary of the grant, subject to continued board service.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,804 shares exercised/converted
Mixed
3 txns
Insider
Jackson Peter Lee
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 2,578 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 1,804 | $0.00 | -- |
| Exercise | Common Stock | 1,804 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Unit — 2,578 shares (Direct);
Common Stock — 5,988 shares (Direct)
Footnotes (1)
- Represents the conversion of restricted stock units that vested on May 21, 2026. Vested shares will be delivered to the reporting person not later than 30 days after the vesting date. Each restricted stock unit represents a contingent right to receive one share of Miller Industries, Inc. common stock. Granted pursuant to the Issuer's 2023 Non-Employee Director Stock Plan. These are time-based restricted stock units that vest on the earlier of (a) the day immediately prior to the first annual meeting of shareholders of the Issuer that occurs after the grant date or (b) the first anniversary of the grant date, so long as the director's service with Miller Industries, Inc. has not earlier terminated.
Key Figures
New RSU grant: 2,578 restricted stock units
RSUs vested and converted: 1,804 shares of common stock
Shares held after transaction: 5,988 shares
+2 more
5 metrics
New RSU grant
2,578 restricted stock units
Granted under 2023 Non-Employee Director Stock Plan
RSUs vested and converted
1,804 shares of common stock
Conversion of RSUs vested on May 21, 2026
Shares held after transaction
5,988 shares
Common stock directly owned following Form 4 transactions
Outstanding RSUs after grant
2,578 restricted stock units
Time-based RSUs subject to future vesting conditions
Exercise/Conversion price
$0.00 per unit
Reported price for RSU conversion and grant
Key Terms
Restricted Stock Unit, contingent right, 2023 Non-Employee Director Stock Plan, time-based restricted stock units
4 terms
Restricted Stock Unit financial
"Represents the conversion of restricted stock units that vested on May 21, 2026."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of Miller Industries, Inc. common stock."
2023 Non-Employee Director Stock Plan financial
"Granted pursuant to the Issuer's 2023 Non-Employee Director Stock Plan."
time-based restricted stock units financial
"These are time-based restricted stock units that vest on the earlier of (a) the day immediately prior..."
Time-based restricted stock units are a form of employee compensation where individuals are granted company shares that are earned over a set period, often as a reward for staying with the company. These shares typically become fully owned and transferable only after passing specific time milestones, encouraging long-term commitment. For investors, they highlight a company's focus on employee retention and can influence future stock supply and company stability.
FAQ
What equity awards did Miller Industries (MLR) director Peter Lee Jackson receive?
Peter Lee Jackson received a grant of 2,578 restricted stock units as director compensation. Each unit represents a contingent right to receive one share of Miller Industries common stock, granted under the company’s 2023 Non-Employee Director Stock Plan.
What happened to Peter Lee Jackson’s existing restricted stock units at Miller Industries (MLR)?
On May 21, 2026, 1,804 of Jackson’s restricted stock units vested and converted into 1,804 shares of common stock. The vested shares are scheduled to be delivered to him within 30 days after the vesting date, according to the disclosure.
How do Peter Lee Jackson’s new restricted stock units at Miller Industries (MLR) vest?
The 2,578 time-based restricted stock units vest on the earlier of the day immediately before the first annual shareholder meeting after the grant date or the first anniversary of the grant date, provided Jackson’s service as a director has not terminated earlier.
Were Peter Lee Jackson’s Miller Industries (MLR) transactions open-market buys or sells?
The reported transactions are equity compensation events, not open-market trades. They include a grant of 2,578 restricted stock units and the vesting and conversion of 1,804 restricted stock units into common shares, with no open-market buying or selling disclosed.