Miller William G. II 4

What Happened

• William G. Miller II, CEO, President and Director of Miller Industries (MLR), had 19,067 time‑based restricted stock units (RSUs) vest on March 15, 2026. Those RSUs were converted to shares and 7,331 of the vested shares were withheld to cover tax withholding obligations at $43.88 per share (total = $321,684).
• On the same date he was also reported as receiving a new award of 29,732 time‑based RSUs (granted at $0.00), which are derivative awards that will convert to shares under their vesting schedule.

Key Details

• Transaction date: March 15, 2026; Form 4 filed March 17, 2026 (timely).
• Vesting/conversion: 19,067 RSUs vested and converted to shares.
• Tax withholding: 7,331 shares withheld at $43.88/share to satisfy taxes ($321,684).
• New award: 29,732 RSUs granted (derivative award, $0.00 reported).
• Shares owned after the transaction: not specified in the filing.
• Relevant footnotes: F1/F3 = these are time‑based RSUs (each RSU = right to one share); F2 = shares withheld to cover tax; F4 = the 29,732 RSUs vest in three equal annual installments beginning March 15, 2027.

Context

• RSU vesting and withholding for taxes is a routine equity‑compensation event and not an open‑market sale or purchase. The filing shows conversion/settlement of RSUs and a grant of new RSUs; it does not indicate a deliberate market sale by the insider beyond the withholding to satisfy tax obligations.