WHITMIRE DEBORAH L 4
4 · MILLER INDUSTRIES INC /TN/ · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
Miller Industries (MLR) CFO Deborah Whitmire Receives RSUs; Shares Withheld
What Happened
- Deborah L. Whitmire, Chief Financial Officer of Miller Industries, had 6,000 time‑based restricted stock units (RSUs) vest on March 1, 2026. The filing shows the RSUs converted to common stock and 1,440 shares were withheld to satisfy tax withholding obligations, valued at $42.03 per share for a total of $60,523. The net remaining shares (4,560) are to be delivered no later than 30 days after the vesting date.
Key Details
- Transaction dates: March 1, 2026; Form 4 filed March 3, 2026 (timely).
- Reported entries: M = conversion/exercise of derivative (6,000 RSUs vested); F = tax withholding (1,440 shares withheld at $42.03, $60,523).
- Remaining shares to be delivered: 4,560 (6,000 vested − 1,440 withheld).
- Shares owned after the transaction: not specified in the filing.
- Relevant footnotes: F1–F3 explain these were time‑based RSUs (one RSU = one share) that vested and will be delivered within 30 days; F2 confirms shares were withheld for tax obligations. Other footnotes (F4, F5) describe separate RSU schedules.
- Filing timeliness: filed March 3, 2026; appears timely (no late filing asserted).
Context
- This was not an open‑market sale or a buy—it's a routine vesting of compensation (an award). The withholding of shares to meet tax obligations is common and should not be read as a market sale decision. The Form 4 uses derivative codes because RSUs are a contingent right that convert to stock on vesting.
Insider Transaction Report
Form 4
WHITMIRE DEBORAH L
Chief Financial Officer
Transactions
- Exercise/Conversion
Common Stock
[F1][F3]2026-03-01+6,000→ 23,738.551 total - Tax Payment
Common Stock
[F2]2026-03-01$42.03/sh−1,440$60,523→ 22,298.551 total - Exercise/Conversion
Restricted Stock Unit
[F3][F1]2026-03-01−6,000→ 6,000 total→ Common Stock (6,000 underlying)
Holdings
- 17,409
Restricted Stock Unit
[F3][F4]→ Common Stock (17,409 underlying) - 10,126
Restricted Stock Unit
[F3][F5]→ Common Stock (10,126 underlying)
Footnotes (5)
- [F1]Represents the conversion of restricted stock units that vested on March 1, 2026. These are time-based restricted stock units that vest in five equal annual installments commencing on March 1, 2023. Vested shares will be delivered to the reporting person not later than 30 days after the vesting date.
- [F2]These shares were withheld to cover tax withholding obligations when 6,000 time-based restricted stock units vested on March 1, 2026.
- [F3]Each restricted stock unit represents a contingent right to receive one share of Miller Industries, Inc. common stock.
- [F4]These are time-based restricted stock units that vest in three equal annual installments commencing on March 15, 2026.
- [F5]These are time-based restricted stock units that vest in three equal annual installments commencing on March 6, 2025.
Signature
/s/ Frank Madonia, as attorney in fact for Deborah L. Whitmire|2026-03-03