Miller Industries (MLR) CIO RSUs vest; 2,893 shares delivered, 678 withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Miller Industries Chief Information Officer Josias W. Reyneke reported the vesting and conversion of 2,893 restricted stock units into an equal number of common shares on March 6, 2026. These RSUs are time-based awards that vest in three equal annual installments starting March 6, 2025.
To cover tax withholding obligations on the vesting, 678 common shares were withheld at a price of $45.96 per share, leaving Reyneke with 10,494 common shares held directly after the transactions. He also continues to hold time-based restricted stock units representing 9,948 and 2,000 underlying common shares, which vest in future annual installments.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,893 shares exercised/converted
Mixed
5 txns
Insider
Reyneke Josias W.
Role
Chief Information Officer
| 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 — 11,172 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.