Miller Industries (MLR) CEO nets shares as 16,635 RSUs vest and 4,779 withheld for taxes
Rhea-AI Filing Summary
Miller Industries CEO and President William G. Miller II exercised restricted stock units that vested on March 6, 2026, converting 16,635 units into the same number of common shares. To cover tax withholding obligations, 4,779 of these shares were withheld at $45.96 per share, leaving him with 60,979 common shares held directly after the transactions.
Following this vesting event, he also continues to hold time-based restricted stock units covering 57,200 underlying common shares that vest in three equal annual installments commencing on March 15, 2026, and additional restricted stock units covering 12,000 underlying shares that vest in five equal annual installments commencing on March 1, 2023. Each restricted stock unit represents a contingent right to receive one share of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 16,635 | $0.00 | -- |
| Exercise | Common Stock | 16,635 | $0.00 | -- |
| Tax Withholding | Common Stock | 4,779 | $45.96 | $220K |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
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 16,635 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.