Midera (MFP) Director Cathy McCarthy Receives RSU Award

What Happened

• Cathy McCarthy, a director of Midera Food Processing, Inc. (MFP), reported awards of time‑based restricted stock units (RSUs) in July 2026. The filing shows three grant events totaling 10,734 RSUs: 5,062 RSUs on July 20, 2026, and 1,870 + 3,802 RSUs on July 30, 2026. Per the filing the awards have no per‑share purchase price (N/A) because they are equity awards, not open‑market purchases.
• These RSUs were converted from RSUs of The Middleby Corporation in connection with Midera’s spin‑off. Some of the RSUs vested immediately on July 30, 2026, while others will vest in full on March 6, 2027 or March 19, 2027. Vested shares will be issued after the applicable vesting dates. Footnotes also note 9,719 shares were acquired via the spin‑off distribution (exempt under Rule 16a‑9).

Key Details

• Transaction types: Award/Grant (code A). Dates: July 20, 2026 (5,062 RSUs); July 30, 2026 (1,870 RSUs and 3,802 RSUs). Prices: N/A (RSUs).
• Total RSUs granted in this filing: 10,734. Filing date: Aug 3, 2026 (Form 4 accession 0001193125-26-330226). The filing appears later than the typical 2‑business‑day Form 4 deadline for the July 30 transactions.
• Shares owned after these transactions are not explicitly stated in the provided data; footnotes indicate 9,719 shares were received in the spin‑off distribution (Rule 16a‑9 exempt acquisition).
• Notable footnotes: RSUs converted from Middleby RSUs (spin‑off); some RSUs vested July 30, 2026; others vest March 6, 2027 or March 19, 2027; vested shares to be issued after vesting.

Context

• RSUs are contingent awards that convert to actual shares only after vesting; they are not cash purchases and do not represent immediate open‑market buying or selling. Because these awards resulted from a corporate spin‑off and conversion of prior Middleby RSUs, the transactions reflect equity reorganization and compensation, not a typical buy/sell signal.
• The filing’s apparent lateness (filed Aug 3 for July 30 events) is a timeliness issue investors may note; late Form 4s can reduce the usefulness of insider transaction timing for investors but do not change the underlying economics of the awards.