Form 4: CFO Stutz Reports MLKN Stock Transactions

MillerKnoll CFO Jeffrey M. Stutz reported routine acquisitions and dispositions of company common stock related to equity award vesting.

Summary

• Jeffrey M. Stutz, Chief Financial Officer of MillerKnoll, Inc. (MLKN), reported changes in his beneficial ownership of company common stock.
• Transactions occurred on August 1, 2025, and were filed on August 5, 2025.
• Acquired a total of 16,382 shares of common stock through the exercise/vesting of restricted stock units (RSUs) and performance share units (PSUs) at a price of $0.0.
• Disposed of a total of 7,529.249 shares of common stock at a price of $18.21, primarily for tax withholding purposes.
• Following these transactions, Stutz directly owns 80,029.6904 shares of common stock and indirectly owns 14,586.871 shares through a profit share plan.
• He also directly holds 60,635 unvested Restricted Stock Units.

Sentiment

Score: 5

Explanation: Neutral. This is a routine Form 4 filing detailing executive compensation transactions, which are expected and do not inherently indicate positive or negative company performance or outlook.

Positives

• The acquisition of shares by the CFO indicates continued participation in the company's equity compensation plan, aligning management's interests with shareholders.
• The vesting of performance share units (PSUs) suggests the achievement of performance targets set when the units were granted on July 12, 2022.

Negatives

• The disposition of shares for tax withholding reduces the CFO's direct ownership, though this is a standard practice for equity compensation.

Future Outlook

The filing indicates future vesting of remaining Restricted Stock Units on August 1 of each respective year, following a three-year schedule (25% at year one, 25% at year two, and 50% at year three).

Industry Context

This filing is a routine disclosure of insider stock transactions, common across all publicly traded companies, reflecting the standard practice of executive equity compensation and tax withholding upon vesting.

Comparison to Industry Standards

• The equity compensation structure, involving Restricted Stock Units (RSUs) and Performance Share Units (PSUs) with multi-year vesting schedules, is a common practice for executive compensation in publicly traded companies across various industries, including the furniture and design sector where MillerKnoll operates.
• The disposition of shares to cover tax obligations upon vesting is also a standard industry practice.

Stakeholder Impact

• Shareholders: The transactions reflect the standard compensation structure for a key executive, aligning their interests with shareholder value through equity ownership.

Next Steps

• Future vesting of remaining Restricted Stock Units on August 1 of each respective year.

Key Dates

Keywords

MillerKnoll, MLKN, Jeffrey Stutz, SEC Form 4, Insider Trading, Stock Transactions, Equity Compensation, Restricted Stock Units, Performance Share Units, CFO