Miller William G. II 4

What Happened

• William G. Miller II, CEO, President and Director of Miller Industries, reported the conversion of 12,000 time‑based restricted stock units (RSUs) that vested on March 1, 2026. The filing shows 12,000 shares acquired via conversion and 2,880 shares disposed (withheld) to cover tax withholding, at $42.03 per share for a withholding value of $121,046. Net shares to be delivered are 12,000 − 2,880 = 9,120.
• This was not an open‑market purchase or discretionary sale but the routine vesting and settlement of equity awards. Based on the $42.03 per‑share withholding price, the gross value of the 12,000 vested shares is about $504,360.

Key Details

• Transaction date: March 1, 2026; Form 4 filed March 3, 2026 (filing appears timely).
• Actions reported: Conversion/vesting of RSUs (transaction code M) for 12,000 shares; tax withholding disposition (code F) of 2,880 shares at $42.03/share = $121,046.
• Net shares delivered after withholding: 9,120 shares.
• Relevant footnotes: F1–F3 confirm these were time‑based RSUs that vested on March 1, 2026, each RSU converts to one share; F2 explains the 2,880 shares were withheld for taxes. Other footnotes (F4, F5) reference separate RSU grants with different vesting schedules.
• Shares owned after the transaction are not specified in the provided filing excerpt.

Context

• This is a standard equity award vesting + tax withholding (a cashless/net share settlement), not a market sale or purchase by the insider. Such transactions are routine for executives receiving compensation and don’t necessarily signal a change in personal trading intent.
• Transaction codes: M = exercise/conversion of a derivative security (here, RSU conversion); F = payment of exercise price or tax withholding.