Form 4: MillerKnoll Executive Megan Lyon Receives Restricted Stock Units

Megan Lyon, Chief Strategy & Tech Officer of MillerKnoll, Inc., acquired restricted stock units (RSUs) on July 16, 2024, under the company's incentive plans.

Summary

• Megan Lyon, Chief Strategy & Tech Officer at MillerKnoll, Inc., received restricted stock units (RSUs) on July 16, 2024.
• She received 15,751 RSUs that vest over three years, with 33% vesting on July 22nd of each of the first two years and 34% vesting on July 22nd of the third year.
• Additionally, she received 30,131 RSUs that will cliff vest on July 22, 2025.
• These additional RSUs were granted because the executive elected to receive their fiscal 2024 annual incentive bonus in the form of RSUs instead of cash.
• Following these transactions, Lyon directly owns 39,725 RSUs subject to the three year vesting schedule and 69,856 RSUs subject to the cliff vesting schedule.

Sentiment

Score: 6

Explanation: The document is a routine disclosure of executive compensation. The sentiment is neutral, reflecting standard corporate governance practices.

Positives

• The executive's decision to take the annual incentive bonus in RSUs instead of cash could signal confidence in the company's future performance.

Future Outlook

The document does not contain specific forward-looking statements regarding the company's financial performance or future prospects, but the vesting schedules of the RSUs suggest a multi-year commitment from the executive.

Industry Context

Grants of restricted stock units are a common form of executive compensation in publicly traded companies, aligning executive interests with shareholder value by incentivizing long-term performance.

Stakeholder Impact

• The RSU grants align executive interests with shareholder value, potentially incentivizing long-term performance.

Key Dates