Miller Industries director granted 2,578 RSUs
Miller Industries director Javier A. Reyes reported equity-based compensation activity.
Rhea-AI Filing Summary
Miller Industries director Javier A. Reyes reported equity-based compensation activity. He received a grant of 2,578 restricted stock units on May 26, 2026 under the company’s 2023 Non-Employee Director Stock Plan. Each unit represents a right to receive one share of common stock.
On May 21, 2026, 1,804 restricted stock units vested and were converted into 1,804 shares of common stock at no cash exercise price, increasing his direct common stock holdings to 5,988 shares. The newly granted time-based units will vest around the next annual shareholder meeting or on the first anniversary of the grant date, assuming continued board service.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,804 shares exercised/converted
Exercise
3 txns
Insider
Reyes Javier A
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 — 5,988 shares (Direct)
Footnotes (4)
- 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.
- F2. Each restricted stock unit represents a contingent right to receive one share of Miller Industries, Inc. common stock.
- F3. Granted pursuant to the Issuer's 2023 Non-Employee Director Stock Plan.
- 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
RSUs granted: 2,578 units
RSUs converted: 1,804 units
Common shares acquired: 1,804 shares
+2 more
5 metrics
RSUs granted
2,578 units
Restricted stock unit grant on May 26, 2026
RSUs converted
1,804 units
Restricted stock units vested and converted on May 21, 2026
Common shares acquired
1,804 shares
Shares received from RSU vesting on May 21, 2026 at $0.00
Shares held after transaction
5,988 shares
Direct common stock ownership following May 21, 2026 transactions
RSU-to-share ratio
1:1
Each restricted stock unit represents one share of common stock
Key Terms
Restricted Stock Unit, derivative security, Non-Employee Director Stock Plan, vesting
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.
derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Non-Employee Director Stock Plan financial
"Granted pursuant to the Issuer's 2023 Non-Employee Director Stock Plan."
vesting financial
"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..."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Miller Industries (MLR) report for Javier A. Reyes?
Miller Industries reported that director Javier A. Reyes received 2,578 restricted stock units and had 1,804 restricted stock units vest and convert into 1,804 common shares, bringing his direct common stock holdings to 5,988 shares after the transactions.
How many restricted stock units were granted to the Miller Industries (MLR) director?
Director Javier A. Reyes was granted 2,578 restricted stock units. The grant was made under Miller Industries’ 2023 Non-Employee Director Stock Plan and represents a contingent right to receive an equal number of common shares, subject to time-based vesting conditions tied to his board service.
What happened when 1,804 restricted stock units vested at Miller Industries (MLR)?
When 1,804 restricted stock units vested, they converted into 1,804 shares of Miller Industries common stock at no cash exercise price. The vested shares will be delivered to the reporting person within 30 days after the May 21, 2026 vesting date, increasing his direct share ownership.
What are the vesting terms for the new Miller Industries (MLR) restricted stock units?
The new restricted stock units vest on the earlier of the day immediately before the first Miller Industries annual shareholder meeting after the grant date or the first grant-date anniversary, provided the director’s service has not ended earlier. These are time-based awards tied to continued board service.
AI-generated analysis. How Rhea-AI works. Not financial advice.
