Miller Industries (NYSE: MLR) director granted 2,578 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Miller Industries director Theodore H. Ashford III reported equity compensation activity, including a new restricted stock unit grant and a vesting event. On May 26, 2026, he received 2,578 restricted stock units at a price of $0.00 per unit under the 2023 Non-Employee Director Stock Plan. These time-based units vest on the earlier of the day before the next annual shareholder meeting or the first anniversary of the grant, assuming continued board service.
On May 21, 2026, 1,804 restricted stock units vested and were converted into 1,804 shares of common stock, with the vested shares to be delivered within 30 days after vesting. Following these transactions, Ashford directly owns 19,399 shares of Miller Industries common stock. The filing reflects routine director equity compensation and an associated RSU conversion, not any open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,804 shares exercised/converted
Mixed
3 txns
Insider
Ashford Theodore H. III
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 — 19,399 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 units
RSU grant price: $0.00 per unit
RSUs converted: 1,804 units
+3 more
6 metrics
New RSU grant
2,578 units
Restricted stock units granted on May 26, 2026
RSU grant price
$0.00 per unit
Compensation grant under 2023 Non-Employee Director Stock Plan
RSUs converted
1,804 units
Restricted stock units vested and converted on May 21, 2026
Shares delivered from vesting
1,804 shares
Common stock to be delivered within 30 days after vesting
Shares held after transactions
19,399 shares
Total direct common stock holdings following May 21, 2026 transaction
Derivative exercises
1 transaction, 1,804 units
Exercise or conversion of derivative security in this Form 4
Key Terms
Restricted Stock Unit, contingent right to receive one share, 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.
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 to the first annual meeting..."
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 insider transactions did Miller Industries (MLR) director Theodore H. Ashford III report?
He reported routine equity compensation activity: a grant of 2,578 restricted stock units and the vesting and conversion of 1,804 existing units into common shares. These transactions are compensation-related, not open-market buying or selling of Miller Industries (MLR) stock.
How many restricted stock units were granted to the Miller Industries (MLR) director?
On May 26, 2026, Theodore H. Ashford III received 2,578 restricted stock units at a price of $0.00 per unit. The grant was made under Miller Industries’ 2023 Non-Employee Director Stock Plan as part of his compensation for serving on the company’s board.
What happened to the 1,804 restricted stock units reported by Miller Industries (MLR)?
On May 21, 2026, 1,804 restricted stock units vested and were converted into 1,804 shares of Miller Industries common stock. The filing notes that the vested shares will be delivered to the reporting person within 30 days after the vesting date.
Under what plan were the new Miller Industries (MLR) restricted stock units granted?
The 2,578 restricted stock units were granted under Miller Industries’ 2023 Non-Employee Director Stock Plan. This plan provides time-based equity awards to non-employee directors, aligning their compensation with shareholder interests through stock-denominated incentives rather than cash-only payments.
When do the newly granted Miller Industries (MLR) restricted stock units vest?
The new 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. Vesting requires that the director’s service with Miller Industries has not ended before that vesting trigger.