Form 4: MIAX Executive Deitzel Settles Tax on Restricted Stock

Edward Deitzel, EVP, CRO, and CCO of MIAX Exchanges, surrendered 707 shares of Miami International Holdings, Inc. common stock to cover tax obligations related to restricted stock awards.

Summary

• Edward Deitzel, an executive at Miami International Holdings, Inc. (MIAX), surrendered 707 shares of common stock.
• The shares were surrendered on March 30, 2026, at a price of $37.5 per share.
• This transaction was solely to satisfy tax withholding and remittance obligations associated with the net settlement of restricted stock awards.
• It does not represent a sale of shares by Mr. Deitzel.
• Following this transaction, Mr. Deitzel beneficially owns 116,221 shares of common stock.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive event, as it signifies the vesting of executive equity awards, aligning management's interests with shareholders, without indicating any discretionary selling pressure.

Positives

• The transaction indicates the vesting of restricted stock awards, aligning executive incentives with shareholder interests.

Negatives

• No direct negative implications for the company's operations or financial health.

Future Outlook

This Form 4 filing does not contain forward-looking statements or guidance regarding the company's future outlook.

Industry Context

StockSavvy.ai notes that routine tax-related share surrenders are common for executives receiving equity compensation, reflecting standard practice in executive incentive programs across the financial services industry.

Comparison to Industry Standards

• This type of transaction (shares surrendered for tax withholding) is a standard practice for executives in publicly traded companies, including those in the financial services sector like Nasdaq or Cboe Global Markets, when restricted stock units or other equity awards vest.
• It ensures compliance with tax obligations without requiring the executive to sell shares on the open market, which can sometimes be misinterpreted by investors.

Stakeholder Impact

• Shareholders: Minimal direct impact; confirms executive equity vesting and tax compliance.
• Employees: No direct impact.
• Management: Standard tax compliance for equity compensation.

Key Dates

Recommendation

This Form 4 filing details a routine tax-related transaction for an executive's restricted stock awards. It does not reflect a discretionary sale or provide new information that would alter the fundamental investment thesis for Miami International Holdings, Inc. Therefore, a 'hold' recommendation is appropriate as this event is neutral to the company's valuation and operational outlook.

Keywords

MIAX, Miami International Holdings, Edward Deitzel, Form 4, insider transaction, restricted stock, tax withholding, executive compensation