Miller Industries director awarded 2,578 RSUs
Miller Industries director Leigh Walton reported routine equity compensation activity.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
Miller Industries director Leigh Walton reported routine equity compensation activity. On May 26, 2026, Walton received a grant of 2,578 restricted stock units under the company’s 2023 Non-Employee Director Stock Plan.
Separately, 1,804 previously granted RSUs vested and were converted into common stock on May 21, 2026, bringing Walton’s direct common stock holdings to 10,474 shares.
Insider Trade Summary
1,804 shares exercised/converted
Exercise
3 txns
Insider
Walton Leigh
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 units (Direct);
Common Stock — 10,474 shares (Direct)
Holdings Before and After:
Restricted Stock Unit, 1,804 to 2,578 units (Direct);
Common Stock, 8,670 to 10,474 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
RSU grant: 2,578 units
RSUs vested and converted: 1,804 units
Shares held after transactions: 10,474 shares
+1 more
4 metrics
RSU grant
2,578 units
Restricted stock units granted on May 26, 2026
RSUs vested and converted
1,804 units
RSUs vested and converted to common stock on May 21, 2026
Shares held after transactions
10,474 shares
Direct Miller Industries common stock holdings after reported events
Derivative exercises
1 exercise, 1,804 shares
Exercise or conversion of derivative security as summarized in filing
Key Terms
Restricted Stock Unit, time-based restricted stock units, 2023 Non-Employee Director Stock Plan, contingent right
4 terms
Restricted Stock Unit financial
"security_title: "Restricted Stock Unit" and footnote describing RSU conversion and delivery"
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.
time-based restricted stock units financial
"These are time-based restricted stock units that vest on the earlier of specified dates"
Time-based restricted stock units are a form of employee compensation where individuals are granted company shares that are earned over a set period, often as a reward for staying with the company. These shares typically become fully owned and transferable only after passing specific time milestones, encouraging long-term commitment. For investors, they highlight a company's focus on employee retention and can influence future stock supply and company stability.
2023 Non-Employee Director Stock Plan financial
"Granted pursuant to the Issuer's 2023 Non-Employee Director Stock Plan."
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of common stock."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Miller Industries (MLR) director Leigh Walton report in this Form 4?
Leigh Walton reported routine equity compensation transactions involving restricted stock units and common shares. The filing shows an RSU grant, vesting of earlier RSUs, and the resulting increase in directly held common stock, without any reported open-market purchases or sales.
How many restricted stock units were granted to Leigh Walton at Miller Industries (MLR)?
Walton was granted 2,578 restricted stock units in Miller Industries. These RSUs were issued under the 2023 Non-Employee Director Stock Plan and represent a form of stock-based compensation that may convert into common shares upon meeting specified vesting conditions and service requirements.
What RSUs vested and converted to common stock for Leigh Walton at Miller Industries (MLR)?
A block of 1,804 previously granted restricted stock units vested on May 21, 2026 and converted into common stock. According to the filing, vested shares will be delivered within 30 days of the vesting date, consistent with the plan’s settlement terms for these awards.
Were there any stock sales or open-market trades by Leigh Walton in this Miller Industries (MLR) filing?
The Form 4 shows no open-market stock purchases or sales by Walton. All reported entries are equity compensation-related acquisitions, including an RSU grant and the exercise and conversion of time-based restricted stock units into Miller Industries common shares.
What are the vesting terms of the new RSU grant to Leigh Walton at Miller Industries (MLR)?
The new RSUs are time-based and vest on the earlier of the day before the next annual shareholder meeting or the first anniversary of the grant. Vesting requires that Walton’s service as a director with Miller Industries continues through the applicable vesting date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
