Form 4: Middleby Corp Executive Cerwin Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Brittany C. Cerwin, Chief Accounting Officer of Middleby Corp, sold 1,047 shares of common stock on March 1, 2025, to cover tax liabilities related to vesting time-based Restricted Stock Units (RSUs).
Summary
- On March 1, 2025, Brittany C. Cerwin, the Chief Accounting Officer of Middleby Corp, executed a transaction involving the company's common stock.
- Cerwin sold 1,047 shares at a price of $165.41 per share.
- This sale was conducted to cover Cerwin's tax obligations associated with the vesting of time-based Restricted Stock Units (RSUs).
- Following the transaction, Cerwin directly owns 18,490 shares of Middleby Corp.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares to cover tax obligations) and does not indicate any significant positive or negative sentiment.
Industry Context
Executive stock sales to cover tax obligations upon vesting of equity compensation are a common practice.
Key Dates
| Date | Description |
|---|---|
| 03/01/2025 | Date of the transaction where 1,047 shares of common stock were disposed of. |
| 03/03/2025 | 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.