Miller Industries (MLR) CIO converts 2,000 RSUs, withholds 480 shares for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Miller Industries Chief Information Officer Josias W. Reyneke reported equity award activity on March 1, 2026. He exercised and converted 2,000 restricted stock units into the same number of common shares at $0.00 per share as time-based RSUs vested.
To cover tax withholding on this vesting, 480 common shares were disposed of at $42.03 per share. Following these transactions, he directly owned 8,279 common shares and held time-based restricted stock units that vest in scheduled annual installments, each unit representing the right to receive one common share.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,000 shares exercised/converted
Mixed
5 txns
Insider
Reyneke Josias W.
Role
Chief Information Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 2,000 | $0.00 | -- |
| Exercise | Common Stock | 2,000 | $0.00 | -- |
| Tax Withholding | Common Stock | 480 | $42.03 | $20K |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 2,000 shares (Direct);
Common Stock — 8,759 shares (Direct)
Footnotes (1)
- Represents the conversion of restricted stock units that vested on March 1, 2026. These are time-based restricted stock units that vest in five equal annual installments commencing on March 1, 2023. Vested shares will be delivered to the reporting person not later than 30 days after the vesting date. These shares were withheld to cover tax withholding obligations when 2,000 time-based restricted stock units vested on March 1, 2026. Each restricted stock unit represents a contingent right to receive one share of Miller Industries, Inc. common stock. These are time-based restricted stock units that vest in three equal annual installments commencing on March 15, 2026. These are time-based restricted stock units that vest in three equal annual installments commencing on March 6, 2025.
FAQ
What insider transactions did Miller Industries (MLR) report for Josias W. Reyneke?
Miller Industries reported that CIO Josias W. Reyneke converted 2,000 restricted stock units into common stock and disposed of 480 common shares to cover tax withholding. These transactions occurred on March 1, 2026, in connection with the vesting of time-based RSUs.
How do Miller Industries (MLR) restricted stock units work for the CIO?
Each restricted stock unit represents a contingent right to receive one Miller Industries common share. Various RSU awards vest in equal annual installments beginning on dates such as March 1, 2023, March 6, 2025, and March 15, 2026, subject to continued service.
What types of insider transaction codes appear in this Miller Industries (MLR) Form 4?
The Form 4 shows code M for exercise or conversion of derivative securities, reflecting RSU conversion into common stock, and code F for disposition of shares to pay tax withholding. Additional lines reflect RSU holdings without a specific new transaction code.