Form 4: Middleby Corp Executive Steve Spittle Reports Stock Transactions
SEC Form 4 Filing
Steve Spittle, Chief Commercial Officer of Middleby Corp, reports acquisition of shares through vesting of performance-based PSUs and subsequent disposal to cover tax obligations.
Summary
- On February 26, 2024, Steve Spittle, Chief Commercial Officer of Middleby Corp, acquired 11,318 shares of common stock due to the vesting of performance-based PSUs awarded on September 7, 2021.
- On the same day, Spittle disposed of 4,479 shares at a price of $154.87 to cover tax liabilities related to the vesting of these PSUs.
- Following these transactions, Spittle beneficially owns 41,060 shares of Middleby Corp common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions. It doesn't convey strong positive or negative sentiment, as it's primarily factual reporting.
Industry Context
This Form 4 filing is a routine disclosure of stock transactions by a company executive, providing transparency to investors about insider activity. It doesn't necessarily reflect broader industry trends but offers insight into the executive's holdings and transactions within Middleby Corp.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in beneficial ownership by an executive.
Key Dates
| Date | Description |
|---|---|
| 2021-09-07 | Date performance-based PSUs were awarded. |
| 2024-02-26 | Date of stock acquisition and disposal. |
| 2024-02-28 | Date of signature by Michael D. Thompson POA. |
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.