Form 4: Director John Maeda Acquires Phantom Stock in MillerKnoll, Inc.
SEC Form 4 Filing
John Maeda, a director of MillerKnoll, Inc., acquired phantom stock equivalent to 2,128.0532 shares of common stock on September 15, 2024.
Summary
- On September 15, 2024, John Maeda, a director of MillerKnoll, Inc. (MLKN), acquired 2,128.0532 shares of phantom stock.
- Each share of phantom stock is economically equivalent to one share of MillerKnoll common stock.
- The acquisition price was $27.02 per share.
- The phantom stock becomes payable in shares of common stock at the election of the reporting person, according to the company's director deferred compensation plan.
- Following the transaction, Maeda beneficially owns 2,128.0532 shares of phantom stock.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, reflecting a standard transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency into the trading activities of company directors. It's a standard practice to ensure fair markets and prevent insider trading.
Key Dates
| Date | Description |
|---|---|
| 09/15/2024 | Date of phantom stock acquisition |
| 09/17/2024 | Date of signature on the Form 4 filing |
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