Miller Industries (MLR) EVP vests 2,893 RSUs; 678 shares withheld
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Miller Industries executive vice president, secretary and general counsel Frank Madonia reported routine equity compensation activity. On March 6, 2026, 2,893 time-based restricted stock units vested and were converted into the same number of common shares.
To cover tax withholding obligations, 678 common shares were withheld at $45.9600 per share. After these transactions, Madonia directly holds 10,494 common shares and continues to hold unvested restricted stock units covering 9,948 and 2,000 underlying common shares, which vest in scheduled annual installments.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,893 shares exercised/converted
Mixed
5 txns
Insider
MADONIA FRANK
Role
Executive VP, Secretary & GC
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 2,893 | $0.00 | -- |
| Exercise | Common Stock | 2,893 | $0.00 | -- |
| Tax Withholding | Common Stock | 678 | $45.96 | $31K |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 2,893 shares (Direct);
Common Stock — 11,172 shares (Direct)
Footnotes (1)
- Represents the conversion of restricted stock units that vested on March 6, 2026. These are time-based restricted stock units that vest in three equal annual installments commencing on March 6, 2025. 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 2,893 time-based restricted stock units vested on March 6, 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 five equal annual installments commencing on March 1, 2023.
FAQ
What insider transaction did Miller Industries (MLR) report for Frank Madonia?
Miller Industries reported that executive vice president, secretary and general counsel Frank Madonia had 2,893 time-based restricted stock units vest and convert into 2,893 common shares on March 6, 2026, as part of his equity compensation program.
What restricted stock unit awards does Frank Madonia still hold at Miller Industries (MLR)?
After the reported vesting, Madonia continues to hold time-based restricted stock units linked to 9,948 underlying common shares vesting in three equal annual installments from March 15, 2026, and additional units linked to 2,000 shares vesting in five equal installments from March 1, 2023.
How are Miller Industries (MLR) restricted stock units structured for Frank Madonia?
Each restricted stock unit represents a contingent right to receive one share of Miller Industries common stock. Time-based RSUs vest in equal annual installments, and vested shares are to be delivered to Madonia no later than 30 days after each vesting date.