Miller Industries (MLR) CFO reports RSU vesting and tax share withholding
Rhea-AI Filing Summary
Miller Industries Chief Financial Officer Deborah L. Whitmire reported equity award activity tied to previously granted restricted stock units. On March 1, 2026, she converted 6,000 restricted stock units into 6,000 shares of common stock at $0.00 per share as part of normal vesting.
To cover tax withholding obligations on this vesting, 1,440 common shares were withheld at a price of $42.03 per share, described as a tax-withholding disposition rather than an open-market sale. After these transactions, she directly owned 22,298.551 common shares.
The filing also shows continuing awards of time-based restricted stock units. One grant vests in five equal annual installments beginning on March 1, 2023, and additional grants vest in three equal annual installments beginning on March 6, 2025 and March 15, 2026, with each unit representing one share of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 6,000 | $0.00 | -- |
| Exercise | Common Stock | 6,000 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,440 | $42.03 | $61K |
| 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 6,000 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.