STOCK TITAN
  1. Home
  2. Sec-filings
  3. MLR
  4. [Form 4] MILLER INDUSTRIES INC /TN/ Insider Trading Activity

Miller Industries (MLR) EVP reports RSU vesting, new grant and tax withholding

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Miller Industries executive Frank Madonia reported routine equity compensation activity involving restricted stock units and common stock. On March 15, 2026, 3,316 time-based restricted stock units vested and were converted into 3,316 shares of common stock. To cover related tax withholding obligations, 778 common shares were withheld at a price of $43.88 per share, rather than sold on the open market.

Madonia also received a new grant of 6,140 restricted stock units that vest in three equal annual installments beginning on March 15, 2027. After these transactions, he directly holds 13,032 shares of common stock and retains unvested time-based restricted stock units tied to 2,893 and 2,000 underlying shares, which vest over future dates.

Positive

  • None.

Negative

  • None.
Insider MADONIA FRANK
Role Executive VP, Secretary & GC
Type Security Shares Price Value
Exercise Restricted Stock Unit 3,316 $0.00 $0.00
Grant/Award Restricted Stock Unit 6,140 $0.00 $0.00
Exercise Common Stock 3,316 $0.00 $0.00
Exercise Price or Tax Liability Common Stock 778 $43.88 $34K
holding Restricted Stock Unit -- -- --
holding Restricted Stock Unit -- -- --
Holdings After Transaction: Restricted Stock Unit — 17,665 shares (Direct); Common Stock — 13,032 shares (Direct)
Footnotes (6)
  1. F1. Represents the conversion of restricted stock units that vested on March 15, 2026. These are time-based restricted stock units that vest in three equal annual installments commencing on March 15, 2026. Vested shares will be delivered to the reporting person not later than 30 days after the vesting date.
  2. F2. These shares were withheld to cover tax withholding obligations when 3,316 time-based restricted stock units vested on March 15, 2026.
  3. F3. Each restricted stock unit represents a contingent right to receive one share of Miller Industries, Inc. common stock.
  4. F4. These are time-based restricted stock units that vest in three equal annual installments commencing on March 15, 2027.
  5. F5. These are time-based restricted stock units that vest in three equal annual installments commencing on March 6, 2025.
  6. F6. 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 Frank Madonia report on this Form 4?
Frank Madonia reported routine equity compensation activity, including vesting of 3,316 restricted stock units into common shares and related tax withholding. He also received a new grant of 6,140 restricted stock units with multi-year vesting schedules tied to Miller Industries common stock.

Did Frank Madonia buy or sell Miller Industries (MLR) shares in the open market?
The filing shows no open-market purchases or sales. Shares were acquired through vesting and conversion of restricted stock units, while 778 shares were withheld at $43.88 per share solely to satisfy tax obligations associated with the vesting event.

How many Miller Industries (MLR) restricted stock units vested for Frank Madonia?
A total of 3,316 time-based restricted stock units vested for Frank Madonia on March 15, 2026. These units converted into an equal number of Miller Industries common shares, with a portion then withheld to cover related tax withholding obligations as described in the filing’s footnotes.

What new restricted stock units did Frank Madonia receive from Miller Industries (MLR)?
He received a grant of 6,140 time-based restricted stock units, each representing a contingent right to one common share. These restricted stock units vest in three equal annual installments beginning on March 15, 2027, aligning his compensation with Miller Industries’ long-term performance.

How many Miller Industries (MLR) common shares does Frank Madonia hold after these transactions?
Following the reported transactions, Frank Madonia directly holds 13,032 shares of Miller Industries common stock. This reflects the conversion of vested restricted stock units into shares, reduced by 778 shares withheld by the company to satisfy associated tax withholding obligations.

What unvested equity awards in Miller Industries (MLR) remain for Frank Madonia?
The filing shows unvested time-based restricted stock units tied to 2,893 and 2,000 underlying common shares. Footnotes state these awards vest in equal annual installments starting on March 6, 2025 and March 1, 2023, and in five installments from those commencement dates.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
Form 4 Insider Transactions: What Each Field Means →
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*
MADONIA FRANK
(Last) (First) (Middle)
C/O MILLER INDUSTRIES, INC.
8503 HILLTOP DRIVE
(Street)
OOLTEWAH TN 37363
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
MILLER INDUSTRIES INC /TN/ [ MLR ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Executive VP, Secretary & GC
3. Date of Earliest Transaction (Month/Day/Year)
03/15/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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 03/15/2026 M 3,316(1) A (3) 13,810 D
Common Stock 03/15/2026 F 778(2) D $43.88 13,032 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 (3) 03/15/2026 M 3,316 (1) (1) Common Stock 3,316 $0 6,632 D
Restricted Stock Unit (3) 03/15/2026 A 6,140 (4) (4) Common Stock 6,140 $0 6,140 D
Restricted Stock Unit (3) (5) (5) Common Stock 2,893 2,893 D
Restricted Stock Unit (3) (6) (6) Common Stock 2,000 2,000 D
Explanation of Responses:
1. Represents the conversion of restricted stock units that vested on March 15, 2026. These are time-based restricted stock units that vest in three equal annual installments commencing on March 15, 2026. Vested shares will be delivered to the reporting person not later than 30 days after the vesting date.
2. These shares were withheld to cover tax withholding obligations when 3,316 time-based restricted stock units vested on March 15, 2026.
3. Each restricted stock unit represents a contingent right to receive one share of Miller Industries, Inc. common stock.
4. These are time-based restricted stock units that vest in three equal annual installments commencing on March 15, 2027.
5. These are time-based restricted stock units that vest in three equal annual installments commencing on March 6, 2025.
6. These are time-based restricted stock units that vest in five equal annual installments commencing on March 1, 2023.
/s/ Frank Madonia 03/17/2026
** 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.

Source: View Original Filing on SEC EDGAR