Form 4: MillerKnoll Executive Debbie F. Propst Reports Stock Transactions

Debbie F. Propst, President Retail at MillerKnoll, reports the vesting and subsequent sale of restricted stock units and performance share units on August 1, 2024.

Summary

• On August 1, 2024, Debbie F. Propst, President Retail at MillerKnoll, engaged in multiple transactions involving MillerKnoll common stock.
• These transactions included the vesting of restricted stock units (RSUs) and performance share units (PSUs), as well as the subsequent disposition of shares to cover tax obligations.
• The vesting of RSUs resulted in the acquisition of 5,392, 2,316, 2,616, 632, 325, 412, 659, 384, 1,312, 116, 560, 476, and 343 shares of common stock.
• The vesting of PSUs resulted in the acquisition of shares of common stock.
• Simultaneously, shares were disposed of to cover tax liabilities at a price of $30.19 per share, with quantities of 2,572.0062, 1,149.8794, 1,328.1311, 292.869, 150.606, 190.921, 305.381, 177.946, 607.981, 53.755, 259.504, 220.579, and 158.947 shares being sold.
• Following these transactions, Propst directly owns 20,743.4015 shares of MillerKnoll common stock and 70,873 restricted stock units.

Sentiment

Score: 5

Explanation: This is a standard regulatory filing reflecting routine stock transactions by an executive. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities and beneficial ownership of company stock.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they represent routine insider trading activity related to compensation and tax obligations.
• The disclosure provides transparency to shareholders regarding executive compensation and stock ownership.

Key Dates