Miller Industries (NYSE: MLR) CRO reports RSU vesting and tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Miller Industries Chief Revenue Officer Vincent J. Tiano reported routine equity compensation activity. On March 6, 2026, 2,893 restricted stock units vested and were converted into an equal number of common shares at a conversion price of $0.0000 per unit.
To cover tax withholding obligations on this vesting, 678 common shares were withheld at $45.96 per share, reducing his direct common stock holdings to 10,494 shares afterward. He also continues to hold time-based restricted stock units representing 9,948 and 2,000 underlying common shares that vest in future annual installments.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,893 shares exercised/converted
Mixed
5 txns
Insider
Tiano Vincent J.
Role
Chief Revenue 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.
FAQ
What insider transaction did Miller Industries (MLR) report for Vincent J. Tiano?
Miller Industries reported that Chief Revenue Officer Vincent J. Tiano had 2,893 restricted stock units vest and convert into common shares. A portion of these shares was then withheld to satisfy tax obligations associated with the vesting event.
What type of equity compensation does Vincent J. Tiano have with Miller Industries (MLR)?
Vincent J. Tiano holds time-based restricted stock units, each representing one share of common stock. The units vest in scheduled annual installments, including grants that vest over three- and five-year periods, providing ongoing equity exposure tied to continued service.
Are Vincent J. Tiano’s Miller Industries (MLR) transactions open-market buys or sales?
The reported activity involves restricted stock units vesting and converting into common shares, plus shares withheld for taxes. These are compensation and tax events, not open-market purchases or sales, so they carry less direct signaling value than discretionary trading.
What future equity does Vincent J. Tiano still have in Miller Industries (MLR)?
He continues to hold restricted stock units tied to 9,948 and 2,000 underlying common shares. These time-based units vest in equal annual installments starting in 2026 and 2023, potentially increasing his share ownership as they vest over time.