Ashford Theodore H. III 4

What Happened

• Theodore H. Ashford III, a director of Miller Industries, reported conversion/vesting of 1,804 restricted stock units (RSUs) on May 21, 2026 and a grant of 2,578 new RSUs on May 26, 2026. The transactions are equity awards/derivatives recorded at $0.00 (compensation awards), not open-market purchases or cash sales.
• The 1,804 vested RSUs were converted (reported as an exercised/converted derivative) and will result in delivery of shares to the reporting person no later than 30 days after vesting. The 2,578 RSUs are newly granted time‑based awards under the issuer’s 2023 Non‑Employee Director Stock Plan.

Key Details

• Transaction dates and types:
  • May 21, 2026: Conversion/vesting of 1,804 RSUs (reported as M: exercise/conversion of derivative; disposed line at $0 reflects conversion of the derivative, not a market sale).
  • May 26, 2026: Grant of 2,578 RSUs (reported as A: award/grant) at $0.00.
• Price/value: Reported at $0.00 (these are equity compensation awards, no cash consideration reported).
• Shares owned after transaction: Not specified in the Form 4 filing.
• Footnotes of note:
  • F1: The 1,804 RSUs represent vested RSUs; vested shares to be delivered within 30 days of vesting.
  • F2: Each RSU equals the contingent right to one common share.
  • F3/F4: The 2,578 RSUs were granted under the 2023 Non‑Employee Director Stock Plan and vest on the earlier of (a) the day before the first annual meeting after grant or (b) one year after grant, subject to continued service.
• Filing timeliness: No late filing flag indicated in the provided data.

Context

• These filings reflect equity compensation activity (vesting and a new director award). The conversion entry is not a cash sale; the “disposed” derivative line documents the derivative instrument ceasing upon conversion to underlying shares. The new grant vests over time per the director plan and does not represent an open‑market purchase.