WHITMIRE DEBORAH L 4

What Happened

• Deborah L. Whitmire, Chief Financial Officer of Miller Industries, had 5,063 time‑based restricted stock units (RSUs) convert to common shares on March 6, 2026. The conversion (derivative exercise/conversion) shows 5,063 shares generated; 1,187 of those shares were withheld to satisfy tax withholding (valued at $45.96 per share, totaling $54,555). The net result is approximately 3,876 shares expected to be delivered to Whitmire (5,063 vested minus 1,187 withheld). The conversion is reported as a derivative exercise/conversion (code M) and the withholding as tax withholding (code F).

Key Details

• Transaction date: March 6, 2026; Form 4 filed March 10, 2026 (filed within the typical 2 business‑day window).
• Vested/converted: 5,063 RSUs -> 5,063 shares (conversion shown at $0 exercise price typical for RSUs).
• Tax withholding: 1,187 shares withheld at $45.96/share = $54,555 (internal share withholding, not an open‑market sale).
• Net shares delivered: ~3,876 shares (5,063 − 1,187).
• Shares owned after the transaction: not disclosed in the provided excerpt.
• Relevant footnotes: F1 (RSUs vested on 3/6/2026; delivery within 30 days), F2 (shares withheld to cover taxes), F3 (each RSU = one share). Other footnotes in the filing reference different RSU schedules.

Context

• This was a vesting/conversion of RSUs (an award vesting), not an open‑market purchase or sale by Whitmire. Withholding of shares for taxes is routine and does not indicate a market sale of remaining shares.
• For retail investors, vesting of executive RSUs is a routine compensation event; it’s informational about insider holdings but not necessarily a signal about near‑term company prospects.