Jackson Peter Lee 4

What Happened

• Jackson Peter Lee, a director of Miller Industries, reported the conversion/vesting of 1,804 restricted stock units (RSUs) on May 21, 2026 (recorded as a derivative exercise/conversion) and a separate grant of 2,578 RSUs on May 26, 2026. The reported transactions show $0.00 per share and no cash proceeds associated with these entries.

Key Details

• Transaction dates and prices:
  • 2026-05-21: Conversion/vesting of 1,804 RSUs (derivative exercise/conversion) — $0.00 per share shown.
  • 2026-05-26: Grant of 2,578 RSUs under the issuer’s 2023 Non‑Employee Director Stock Plan — $0.00 per share shown.
• Shares owned after transaction: Not specified in this filing.
• Important footnotes:
  • F1: The 1,804 RSUs represent units that vested on May 21, 2026; vested shares will be delivered no later than 30 days after vesting.
  • F2: Each RSU is a contingent right to receive one share of Miller Industries common stock.
  • F3: The 2,578 RSU grant was made under the 2023 Non‑Employee Director Stock Plan.
  • F4: The granted RSUs are time‑based and vest on the earlier of (a) the day before the first annual meeting after the grant or (b) the first anniversary of the grant, provided continued service.
• Filing timeliness: The Form 4 was filed on May 26, 2026 reporting a May 21, 2026 vesting date. That is several days after the reported transaction (potentially later than the usual 2‑business‑day deadline for insiders).

Context

• These entries reflect RSU vesting/conversion and a new RSU grant for a non‑employee director — not open‑market purchases or sales. RSUs are contingent rights to receive shares upon delivery and typically do not represent immediate cash transactions or market sales. Grants to non‑employee directors are common compensation and do not by themselves indicate the director buying or selling company stock.