Form 4: MIAX CFO's Tax Withholding on Restricted Stock

Miami International Holdings' EVP and CFO, Lance Emmons, surrendered 8,350 shares to cover tax obligations from restricted stock awards.

Summary

• Lance Emmons, Executive Vice President and Chief Financial Officer of Miami International Holdings, Inc. (MIAX), reported a change in beneficial ownership.
• On March 30, 2026, 8,350 shares of common stock were surrendered to the company.
• This surrender was specifically to satisfy tax withholding and remittance obligations in connection with the net settlement of restricted stock awards.
• The transaction does not represent a sale by the reporting person.
• Following this transaction, Emmons directly beneficially owns 119,262 shares of common stock.
• The deemed price for the surrendered shares was $37.5 per share.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, representing a routine administrative action for tax compliance related to executive compensation rather than a strategic move or a reflection of company performance.

Positives

• The transaction represents a routine administrative action for tax compliance related to restricted stock awards, not a discretionary sale by the insider.

Negatives

• No negative implications are apparent from this administrative tax withholding transaction.

Risks

• NA

Future Outlook

NA

Management Comments

• NA

Industry Context

StockSavvy.ai notes that such tax-related share surrenders are common for executives receiving equity compensation and do not typically signal changes in company fundamentals or strategic direction, unlike open market sales.

Comparison to Industry Standards

• This type of transaction, where shares are surrendered to cover tax obligations arising from restricted stock awards, is a standard and widely accepted practice for executive compensation across various industries. It is a common mechanism for managing tax liabilities associated with equity grants.

Management Changes

Corporate Governance

Legal Proceedings

• NA

Related Party Transactions

• NA

Stakeholder Impact

• Shareholders: Minimal direct impact as it is a routine tax-related transaction, not a market sale, and does not signal a change in insider confidence.
• Employees: No direct impact.

Next Steps

• NA

Key Dates

Recommendation

This Form 4 details a routine tax withholding transaction for an executive's restricted stock awards, which is a common and expected event. It does not indicate any fundamental change in the company's prospects or the insider's confidence, thus a "hold" recommendation remains appropriate based solely on this filing.

Keywords

Miami International Holdings, MIAX, Lance Emmons, Form 4, insider transaction, beneficial ownership, restricted stock, tax withholding, CFO