MADONIA FRANK 4

What Happened

• Frank Madonia, Executive Vice President, Secretary & General Counsel of Miller Industries (MLR), had 3,316 time‑based restricted stock units (RSUs) vest on March 15, 2026. Of the vested RSUs, 778 shares were withheld to satisfy tax withholding at $43.88 per share for a withholding value of $34,139. The remaining vested shares from that conversion are to be delivered to Madonia (vesting conversion delivery will occur not later than 30 days per the filing).
• In the same filing Madonia was also awarded 6,140 new time‑based RSUs (reported as a grant) with no immediate cash value; those RSUs vest in three equal annual installments beginning March 15, 2027.

Key Details

• Transaction date: March 15, 2026; Form 4 filed March 17, 2026 (appears timely).
• Vesting/conversion: 3,316 RSUs converted to shares (reported as derivative conversion).
• Tax withholding: 778 shares withheld and disposed at $43.88 each for $34,139.
• Grant: 6,140 RSUs granted (vest in 3 equal annual installments beginning 3/15/2027).
• Each RSU equals a contingent right to one share (per footnote).
• Shares owned after transaction: Not specified in the filing.
• Filing notes: Vesting conversion shares will be delivered not later than 30 days after vesting.

Context

• This filing reflects routine equity compensation activity (RSU vesting and a new RSU grant), not an open‑market buy or sale. The 778‑share disposition was a tax withholding to cover withholding obligations, not a market sale for investment purposes. Such withholding is a common procedural step when RSUs vest.