WHITMIRE DEBORAH L 4

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.