Miller Industries (MLR) CRO gets 2,000 shares, withholds stock for taxes
Rhea-AI Filing Summary
Miller Industries Chief Revenue Officer Vincent J. Tiano reported equity compensation activity involving restricted stock units and common shares. On March 1, 2026, 2,000 time-based restricted stock units vested and were converted into 2,000 shares of Miller Industries common stock at a stated price of $0.00 per share.
To cover tax withholding obligations related to this vesting, 480 common shares were withheld at a price of $42.03 per share, resulting in a net increase of 1,520 common shares, with 8,279 common shares held directly after the transactions. Each restricted stock unit represents the right to receive one share of common stock, and the filing notes additional time-based restricted stock units that vest in scheduled annual installments.
Positive
- None.
Negative
- None.
Insider Trade Summary
| 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 | -- | -- | -- |
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.