Form 4: Middleby Corp Executive James K. Pool III Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
James K. Pool III, Chief Technology and Operations Officer of Middleby Corp, disposed of 1,720 shares of common stock on March 1, 2024, to cover tax liabilities related to vesting RSUs.
Summary
- On March 1, 2024, James K. Pool III, Chief Technology and Operations Officer of Middleby Corp, disposed of 1,720 shares of common stock.
- The transaction was executed at a price of $154.15 per share.
- The sale was conducted to cover the reporting person's tax liability in connection with the vesting of time-based Restricted Stock Units (RSUs).
- Following the transaction, Pool directly owns 41,155 shares of Middleby Corp common stock.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction (sale of shares for tax purposes) and does not indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is a common occurrence where executives sell shares to cover tax obligations arising from the vesting of stock awards.
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: Sale of 1,720 shares of common stock. |
| 03/05/2024 | Date of signature on the Form 4 filing. |
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