Miller Industries director awarded 2,578 RSUs

Miller Industries director Theodore H. Ashford III reported equity compensation activity, including a new restricted stock unit grant and a vesting event.

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.

Insider Trade Summary

1,804 shares exercised/converted

Exercise 3 txns

Insider Ashford Theodore H. III

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Unit	2,578	$0.00	$0.00
Exercise	Restricted Stock Unit	1,804	$0.00	$0.00
Exercise	Common Stock	1,804	$0.00	$0.00

Holdings After Transaction: Restricted Stock Unit — 2,578 contracts (Direct); Common Stock — 19,399 shares (Direct)

Footnotes (4)

1. F1. 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.
2. F2. Each restricted stock unit represents a contingent right to receive one share of Miller Industries, Inc. common stock.
3. F3. Granted pursuant to the Issuer's 2023 Non-Employee Director Stock Plan.
4. F4. 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.

contingent right to receive one share financial

"Each restricted stock unit represents a contingent right to receive one share of Miller Industries, Inc. common stock."

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.

How many Miller Industries (MLR) shares does the reporting director hold after these transactions?

After the reported transactions, Theodore H. Ashford III directly holds 19,399 shares of Miller Industries common stock. This total reflects the addition of 1,804 shares from the vested restricted stock units and provides context for the size of his overall equity position.

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.

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Accepted by SEC EDGAR 05/26/2026 - 05:25 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Ashford Theodore H. III

(Last) (First) (Middle)

C/O MILLER INDUSTRIES, INC.

8503 HILLTOP DRIVE

(Street)

OOLTEWAH TENNESSEE 37363

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
MILLER INDUSTRIES INC /TN/ [ MLR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/21/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/21/2026		M		1,804(1)	A	(2)	19,399	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Unit	(2)	05/21/2026		M			1,804(1)	(1)	(1)	Common Stock	1,804	$0	0	D
Restricted Stock Unit	(2)	05/26/2026		A		2,578(3)		(4)	(4)	Common Stock	2,578	$0	2,578	D

Explanation of Responses:

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.

2. Each restricted stock unit represents a contingent right to receive one share of Miller Industries, Inc. common stock.

3. Granted pursuant to the Issuer's 2023 Non-Employee Director Stock Plan.

4. 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.

	/s/ Frank Madonia, as attorney in fact for Theodore H. Ashford III	05/26/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)