Miller Industries (MLR) director receives RSU grant and converts 1,804 units to shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Miller Industries director Susan E. Sweeney reported routine equity compensation activity. On May 26, 2026, she received a grant of 2,578 Restricted Stock Units (RSUs) at no cost under the company’s 2023 Non-Employee Director Stock Plan.
Each RSU represents the right to receive one share of common stock, with time-based vesting tied to future board service. Separately, on May 21, 2026, 1,804 RSUs vested and were converted into 1,804 shares of common stock. Following these transactions, Sweeney directly holds 5,988 shares of common stock. The filing shows no stock sales, only awards and conversions related to director compensation.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,804 shares exercised/converted
Mixed
3 txns
Insider
Sweeney Susan E
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 — 1,804 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
RSUs granted: 2,578 units
RSUs converted: 1,804 units
Shares after transactions: 5,988 shares
+2 more
5 metrics
RSUs granted
2,578 units
Restricted Stock Unit grant on May 26, 2026
RSUs converted
1,804 units
RSUs vested and converted on May 21, 2026
Shares after transactions
5,988 shares
Common stock directly held following Form 4 transactions
RSUs underlying grant
2,578 shares
Each unit represents one share of common stock
RSUs underlying conversion
1,804 shares
Vested units converted to common stock on May 21, 2026
Key Terms
Restricted Stock Unit, time-based restricted stock units, 2023 Non-Employee Director Stock Plan, contingent right
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.
time-based restricted stock units financial
"These are time-based restricted stock units that vest on the earlier of certain dates."
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.
2023 Non-Employee Director Stock Plan financial
"Granted pursuant to the Issuer's 2023 Non-Employee Director Stock Plan."
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of common stock."
FAQ
What insider transactions did Miller Industries (MLR) director Susan E. Sweeney report?
Susan E. Sweeney reported a grant of 2,578 restricted stock units and the conversion of 1,804 previously granted units into common shares. These transactions reflect routine director equity compensation rather than open-market buying or selling of Miller Industries stock.
What are the terms of Susan E. Sweeney’s new Miller Industries (MLR) restricted stock units?
Sweeney received 2,578 time-based restricted stock units granted under the 2023 Non-Employee Director Stock Plan. Each unit represents a contingent right to one common share, vesting around the next annual shareholder meeting or the first anniversary of the grant, subject to continued board service.
When did Susan E. Sweeney’s Miller Industries (MLR) restricted stock units vest and convert to shares?
A block of 1,804 restricted stock units vested on May 21, 2026 and converted into 1,804 common shares. The filing notes that vested shares will be delivered to the reporting person no later than 30 days after the vesting date, per the plan’s terms.