Tiano Vincent J. 4

What Happened

• Vincent J. Tiano, Chief Revenue Officer of Miller Industries (MLR), had 2,893 time‑based restricted stock units (RSUs) convert to shares on March 6, 2026. Of those vested shares, 678 were withheld to cover tax withholding obligations at $45.96 per share, totaling $31,161. The net shares expected to be delivered after withholding are 2,215 (2,893 − 678). The conversion is reported under derivative code M and the withholding under code F.

Key Details

• Transaction date: March 6, 2026; Filing date: March 10, 2026 (filed within the normal Form 4 window).
• Vested/converted: 2,893 RSUs → 2,893 shares (per F1/F3).
• Withheld for taxes: 678 shares @ $45.96 = $31,161 (footnote F2; tax withholding/cashless withholding).
• Net shares to be delivered: 2,215 (2,893 − 678), delivery to occur not later than 30 days after vesting (per F1).
• Footnotes of note: F1 = conversion of RSUs that vested on Mar 6, 2026; F2 = shares withheld for taxes; F3 = each RSU equals one share.
• Shares owned after the transaction are not specified in the provided excerpt of the filing.

Context

• This was a vesting of time‑based RSUs, not an open‑market purchase or sale. The withholding of shares to cover taxes is a routine administrative step and does not by itself indicate a directional view of the stock. The filing shows a cashless tax withholding (code F) and is consistent with standard RSU vesting mechanics.