Form 4: MillerKnoll Executive Christopher Baldwin Reports Stock Transactions

Christopher Baldwin, Group President of MillerKnoll, reports the acquisition and disposal of common stock and restricted stock units on August 1, 2024, according to a Form 4 filing.

Summary

• On August 1, 2024, Christopher M. Baldwin, Group President of MillerKnoll, engaged in multiple transactions involving the company's common stock and restricted stock units (RSUs).
• Baldwin acquired shares through the vesting of RSUs and Performance Share Units, and simultaneously disposed of shares to cover tax obligations.
• Specifically, Baldwin acquired 855, 2,316, and 5,392 shares through RSU vesting, and 39, 109, 437, 220, 128, 137, 211, 187, 159, and 114 shares through Performance Share Units.
• He disposed of 407.3826, 1,079.1594, 2,413.8222, 16.961, 47.404, 190.052, 95.678, 55.667, 59.582, 91.764, 81.327, 69.149, and 49.579 shares to satisfy tax obligations at a price of $30.19 per share.
• Following these transactions, Baldwin directly owns 34,495.4291 shares of MillerKnoll common stock and 70,873 restricted stock units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't contain information that would significantly sway investor sentiment positively or negatively.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It doesn't necessarily reflect the overall performance or outlook of MillerKnoll but offers insight into individual executive's stock ownership.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they primarily reflect the executive's compensation and tax obligations.
• The disclosure provides transparency to shareholders regarding insider transactions.

Key Dates