Walton Leigh 4
4 · MILLER INDUSTRIES INC /TN/ · Filed May 26, 2026
Research Summary
AI-generated summary of this filing
Miller Industries (MLR) Director Walton Leigh Receives RSU Award
What Happened
- Walton Leigh, a director of Miller Industries, had 1,804 restricted stock units (RSUs) that vested on May 21, 2026 and were converted (derivative conversion). Those vested shares will be delivered to him within 30 days of vesting. On May 26, 2026 he was also granted 2,578 new time‑based RSUs under the company's 2023 Non‑Employee Director Stock Plan. All transactions show $0 cash consideration (awards/vesting, not open‑market buys or sales).
Key Details
- Transaction dates: May 21, 2026 (conversion of vested RSUs); May 26, 2026 (new RSU grant).
- Prices/consideration: $0 — these were vesting/conversion and grant transactions (derivative/award).
- Share counts: 1,804 RSUs converted; 2,578 RSUs newly granted (total 4,382 RSUs involved).
- Shares owned after transaction: not specified in the filing.
- Footnotes of note:
- The May 21 action represents conversion of RSUs that vested on that date; vested shares will be delivered within 30 days (F1, F2).
- The May 26 grant was made under the 2023 Non‑Employee Director Stock Plan (F3) and is time‑based RSUs that vest either one year after grant or the day before the first annual meeting after grant, subject to continued service (F4).
- Filing info: Form filed May 26, 2026 reporting transactions dated May 21 and May 26, 2026.
Context
- These entries reflect compensation and vesting activity for a non‑employee director rather than open‑market buying or selling. Conversions of RSUs and new RSU grants are routine director compensation practices and do not necessarily indicate the director is making a market view trade. The new RSUs are time‑based and subject to continued service for vesting.
Insider Transaction Report
Form 4
Walton Leigh
Director
Transactions
- Exercise/Conversion
Common Stock
[F1][F2]2026-05-21+1,804→ 10,474 total - Exercise/Conversion
Restricted Stock Unit
[F2][F1]2026-05-21−1,804→ 0 total→ Common Stock (1,804 underlying) - Award
Restricted Stock Unit
[F2][F3][F4]2026-05-26+2,578→ 2,578 total→ Common Stock (2,578 underlying)
Footnotes (4)
- [F1]Represents the conversion of restricted stock units that vested on May 21, 2026. Vested shares will be delivered to the reporting person not later than 30 days after the vesting date.
- [F2]Each restricted stock unit represents a contingent right to receive one share of Miller Industries, Inc. common stock.
- [F3]Granted pursuant to the Issuer's 2023 Non-Employee Director Stock Plan.
- [F4]These are time-based restricted stock units that vest on the earlier of (a) the day immediately prior to the first annual meeting of shareholders of the Issuer that occurs after the grant date or (b) the first anniversary of the grant date, so long as the director's service with Miller Industries, Inc. has not earlier terminated.
Signature
/s/ Frank Madonia, as attorney in fact for Leigh Walton|2026-05-26