Miller Industries (NYSE: MLR) exec exercises 2,893 RSUs, 678 shares withheld
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Miller Industries executive Jeffrey I. Badgley, President, International and Military, converted 2,893 restricted stock units into the same number of common shares on March 6, 2026, at an exercise price of $0.00 per share. Each unit represents a contingent right to receive one share of common stock.
Of the vested shares, 678 common shares were withheld at $45.96 per share to cover tax obligations, a non–market sale. After these transactions, Badgley directly holds 22,654 common shares and continues to hold time-based restricted stock units covering 9,948 and 6,000 underlying shares that vest in future annual installments.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,893 shares exercised/converted
Mixed
5 txns
Insider
BADGLEY JEFFREY I
Role
President, Int'l and Military
| 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 — 23,332 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 did Miller Industries (MLR) executive Jeffrey Badgley report on this Form 4?
Jeffrey I. Badgley reported the conversion of 2,893 restricted stock units into 2,893 shares of Miller Industries common stock on March 6, 2026. This reflects time-based equity compensation vesting rather than an open-market share purchase or sale.
What restricted stock unit awards does Jeffrey Badgley still hold at Miller Industries (MLR)?
Badgley continues to hold time-based restricted stock units linked to 9,948 and 6,000 underlying Miller Industries common shares. These RSUs vest in scheduled annual installments beginning March 15, 2026 and March 1, 2023, respectively, providing additional future share deliveries.
Are Jeffrey Badgley’s Miller Industries transactions open-market buys or routine equity vesting?
The reported activity reflects routine equity vesting, not open-market trading. Badgley converted 2,893 restricted stock units into common shares at $0.00 exercise price, with 678 shares withheld for taxes, consistent with standard settlement of time-based stock awards.