Form 4: Middleby Corp CFO Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Bryan E. Mittelman, CFO of Middleby Corp, disposed of 1,519 shares of common stock on March 1, 2024, to cover tax liabilities related to vesting RSUs.
Summary
- On March 1, 2024, Bryan E. Mittelman, the Chief Financial Officer of Middleby Corporation, disposed of 1,519 shares of common stock.
- The transaction was executed to cover the reporting person's tax liability in connection with the vesting of time-based Restricted Stock Units (RSUs).
- The shares were disposed of at a price of $154.15 per share.
- Following the transaction, Mittelman directly owns 33,903 shares of Middleby Corp common stock.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction (selling shares to cover tax obligations), so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations from vesting RSUs, which is a common occurrence.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of transaction: CFO disposed of shares to cover tax obligations. |
| 03/05/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.