Midera (MFP) Director Nerbonne Receives 11,357 RSUs

What Happened Robert A. Nerbonne, a director of Midera Food Processing, Inc. (MFP), was credited with a total of 11,357 time‑based restricted stock units (RSUs) in connection with the company’s spin‑off from The Middleby Corporation. The filing shows acquisitions of 5,062 RSUs on 2026-07-20 and two entries on 2026-07-30 for 2,493 RSUs and 3,802 RSUs. No purchase prices or dollar values are reported (listed as N/A) because these were awards/allocations of RSUs rather than open‑market trades.

Key Details

• Filing date: 2026-08-03; Report period begins 2026-07-20.
• Transactions: 5,062 RSUs (7/20/2026); 2,493 RSUs (7/30/2026); 3,802 RSUs (7/30/2026). Total = 11,357 RSUs.
• Price/Value: N/A — these were awards/allocations, not cash purchases or sales.
• Vesting/issuance notes from the filing:
  • Some RSUs were converted from Middleby RSUs tied to the spin‑off and will vest in full on March 6, 2027.
  • Certain RSUs vested in full on July 30, 2026; vested shares will be issued after the vesting date.
  • Other RSUs will vest in full on March 19, 2027.
  • The filing also states 3,530 shares were acquired through a spin‑off distribution (exempt under Rule 16a‑9).
• Shares owned after transaction: not specified in the provided filing extract.
• Timeliness: The Form 4 was filed Aug 3, 2026. The 7/20/2026 acquisition was reported well after the two‑business‑day Form 4 deadline (i.e., reported late); the 7/30/2026 entries were filed within the typical two‑business‑day window.

Context RSUs are contingent awards that convert into common shares on their vesting dates; they are not the same as an open‑market purchase and do not necessarily indicate the insider buying stock in the market. Per the filing, some RSUs already vested (7/30/2026) and others vest in March 2027; vested shares will be issued after vesting. The 3,530‑share distribution noted was part of the spin‑off and treated as an exempt acquisition under Rule 16a‑9.