Reyneke Josias W. 4

What Happened Josias W. Reyneke, Chief Information Officer of Miller Industries (MLR), had 2,893 time‑based restricted stock units (RSUs) convert to common shares on March 6, 2026. Of the vested 2,893 shares, 678 shares were withheld to cover tax withholding at $45.96 per share (total $31,161), resulting in a net delivery of 2,215 shares. The total implied value of the vested RSUs was about $132,962 and the net shares delivered were worth roughly $101,801 based on the $45.96 per‑share value used for withholding.

Key Details

• Transaction date: March 6, 2026; Form 4 filed March 10, 2026 (appears timely).
• Conversion: 2,893 RSUs vested and converted to shares (reported under derivative conversion code M).
• Tax withholding: 678 shares surrendered to cover taxes at $45.96/share, totaling $31,161 (transaction code F).
• Net shares delivered to insider: 2,215 shares (2,893 vested − 678 withheld).
• Footnotes: F1–F3 confirm these were time‑based RSUs (each RSU = 1 share) that vested on March 6, 2026 and that vested shares will be delivered within 30 days; F2 documents the share‑withholding for taxes.
• Shares owned after the transaction: not stated in the provided filing excerpt.

Context This was a routine vesting of RSUs (an award), not an open‑market purchase or a voluntary sale. The filing shows a share‑withholding to satisfy tax obligations (a common cashless withholding method), not a market sale that signals sentiment. The Form 4 filing date (Mar 10) appears to meet the standard Section 16 reporting window for a Mar 6 transaction.