Miller William G. II 4

What Happened

• William G. Miller II, CEO, President and Director of Miller Industries (MLR), converted 16,635 time‑based restricted stock units (RSUs) that vested on March 6, 2026 (listed as derivative conversions, code M). To satisfy tax withholding, 4,779 of those shares were withheld (code F) at $45.96 per share for a withholding value of $219,643, leaving a net 11,856 shares delivered to the reporting person. This was a vesting/award event (not an open‑market purchase or sale).

Key Details

• Transaction date: March 6, 2026; Form 4 filed March 10, 2026 (timely).
• Actions reported: conversion/settlement of 16,635 RSUs (code M); 4,779 shares withheld for taxes (code F).
• Withholding valuation: $45.96/share → $219,643 withheld.
• Net shares issued to insider: 11,856 (16,635 vested − 4,779 withheld).
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Relevant footnotes: F1 = conversion of RSUs that vested on 3/6/2026; F2 = shares withheld to cover tax obligations on the 16,635 vested RSUs; F3 = each RSU equals one share. (F4/F5 in the filing describe other RSU grants/vesting schedules.)
• Transaction codes: M = exercise/conversion of a derivative (here, RSU settlement); F = tax withholding (disposition).

Context

• This was a routine RSU vesting and tax‑withholding event, not a market sale or a cash purchase. Withholding of shares to cover taxes is common and does not necessarily signal the insider’s view of the company. For retail investors, purchases are generally more indicative of insider confidence; vesting events primarily reflect prior compensation awards.