Miller Industries (MLR) CEO RSU vesting and tax share withholding
Rhea-AI Filing Summary
Miller Industries CEO and President William G. Miller II reported routine equity compensation activity involving restricted stock units (RSUs) and related common shares. On March 15, 2026, 19,067 time-based RSUs vested and were converted into 19,067 shares of common stock. To cover tax withholding obligations on this vesting, 7,331 common shares were withheld at a price of $43.88 per share, rather than sold on the open market.
Following these transactions, Miller directly held 72,715 shares of common stock. He also held time-based RSUs representing 16,635 underlying shares that vest in three equal annual installments beginning March 6, 2025, and an additional 12,000 underlying shares vesting in three equal annual installments beginning March 15, 2027. The filing also shows a new grant of 29,732 RSUs, each representing a contingent right to receive one share of Miller Industries common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 19,067 | $0.00 | -- |
| Grant/Award | Restricted Stock Unit | 29,732 | $0.00 | -- |
| Exercise | Common Stock | 19,067 | $0.00 | -- |
| Tax Withholding | Common Stock | 7,331 | $43.88 | $322K |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
Footnotes (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. These shares were withheld to cover tax withholding obligations when 19,067 time-based restricted stock units vested on March 15, 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, 2027. These are time-based restricted stock units that vest in three equal annual installments commencing on March 6, 2025. These are time-based restricted stock units that vest in five equal annual installments commencing on March 1, 2023.