Form 4: Middleby Corp Executive Matthew R Fuchsen Reports Stock Transaction
SEC Form 4 Filing
Matthew R Fuchsen, Chief Development Officer at Middleby Corp, reports a transaction involving the surrender of shares to cover tax obligations related to vesting RSUs.
Summary
- On March 1, 2024, Matthew R Fuchsen, Chief Development Officer of Middleby Corp, engaged in a transaction involving company stock.
- Fuchsen surrendered 1,184 shares of common stock at a price of $154.15 per share.
- This transaction was to cover Fuchsen's tax liability related to the vesting of time-based Restricted Stock Units (RSUs).
- Following the transaction, Fuchsen directly owns 32,894 shares of Middleby Corp stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine transaction related to executive compensation. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. This transaction is related to tax obligations from vested RSUs, a common form of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of stock transaction (surrender of shares). |
| 03/05/2024 | Date of signature by Michael D. Thompson (POA). |
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