Form 4: MillerKnoll Executive John P. Michael Reports Stock Transactions

John P. Michael, President Americas Cntrct at MillerKnoll, Inc., reported the vesting and subsequent sale of restricted stock units and performance share units on August 1, 2024.

Summary

• On August 1, 2024, John P. Michael, President Americas Cntrct of MillerKnoll, Inc., engaged in multiple transactions involving the company's common stock.
• These transactions included the vesting of restricted stock units (RSUs) and performance share units (PSUs), as well as the subsequent sale of shares to cover tax obligations.
• Specifically, 5,392, 2,316, and 2,383 Restricted Stock Units vested and were converted to common stock.
• Additionally, shares were issued pursuant to Performance Share Units granted on July 13, 2021.
• The sales of common stock were executed at a price of $30.19 per share.
• Following these transactions, Michael's direct ownership of MillerKnoll common stock is 18,146.5384 shares and 70,873 Restricted Stock Units.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of 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 transactions in company stock. It allows investors to monitor the actions of key executives and their alignment with company performance.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they represent routine executive compensation activities.

Key Dates