Form 4: Middleby Corp CEO Timothy Fitzgerald Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
CEO Timothy Fitzgerald sold 6,505 shares of Middleby Corp stock on March 1, 2025, to cover tax liabilities related to vesting time-based Restricted Stock Units (RSUs).
Summary
- On March 1, 2025, Timothy John Fitzgerald, CEO of Middleby Corporation, disposed of 6,505 shares of common stock at a price of $165.41 per share.
- The transaction was executed to cover Mr. Fitzgerald's tax liability associated with the vesting of time-based Restricted Stock Units (RSUs).
- Following the transaction, Mr. Fitzgerald directly owns 332,429 shares of Middleby Corp common stock.
- He also has indirect ownership through the Andrea C. FitzGerald 2012 Gift Trust (56,250 shares), shares held by his spouse and children (25,200 shares), and the Timothy J. FitzGerald 2012 Gift Trust (20,000 shares).
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing reflects a routine transaction to cover tax obligations, with no indication of significant positive or negative implications.
Industry Context
This is a routine Form 4 filing, indicating insider activity related to stock compensation and tax obligations, which is common among publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 03/01/2025 | Date of stock sale transaction. |
| 03/03/2025 | Date of signature by Michael D. Thompson under Power of Attorney. |
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