Form 4: Miller Industries CFO Deborah Whitmire Reports Stock Transactions
SEC Form 4 Filing
Deborah Whitmire, CFO of Miller Industries, reports the vesting and conversion of restricted stock units and subsequent tax withholding.
Summary
- On March 1, 2024, Deborah Whitmire, CFO of Miller Industries, converted 6,000 restricted stock units into common stock.
- 1,440 shares were withheld to cover tax obligations at a price of $45.28 per share.
- Following these transactions, Whitmire directly owns 9,120 shares of common stock.
- On March 6, 2024, Whitmire was granted 15,189 restricted stock units that vest in three equal annual installments commencing on March 6, 2025.
- After the reported transactions, Whitmire beneficially owns 18,000 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with neutral sentiment.
Future Outlook
The document indicates future vesting of restricted stock units in annual installments, suggesting continued equity-based compensation for the reporting person.
Industry Context
Form 4 filings are routine disclosures of insider transactions, providing transparency to investors about management's holdings and activities in the company's stock.
Stakeholder Impact
- Shareholders are informed about the CFO's stock transactions, providing transparency into management's equity holdings.
Key Dates
| Date | Description |
|---|---|
| 03/01/2023 | Commencement date of the five equal annual installments vesting schedule for the restricted stock units converted on March 1, 2024. |
| 03/01/2024 | Conversion of 6,000 restricted stock units into common stock and tax withholding. |
| 03/06/2024 | Grant date of 15,189 restricted stock units. |
| 03/06/2025 | Commencement date of the three equal annual installments vesting schedule for the restricted stock units granted on March 6, 2024. |
| 03/08/2024 | Date of the Form 4 filing. |
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