Midera (MFP) CEO Salman Receives RSU Awards totaling 32,342

What Happened

• Salman Mark S., CEO of Midera Food Processing, Inc. (MFP), received two grants of time-based restricted stock units (RSUs): 13,648 RSUs on 2026-07-20 and 18,694 RSUs on 2026-07-30, for a total of 32,342 RSUs. No per-share price is reported (N/A) because these are awards, not open-market purchases or sales. These RSUs were converted from RSUs of The Middleby Corporation in connection with the spin-off.

Key Details

• Transaction dates and amounts: 7/20/2026 — 13,648 RSUs; 7/30/2026 — 18,694 RSUs. Price: N/A (award/grant).
• Total RSUs granted: 32,342.
• Filing date: 2026-08-03 (covers transactions dated 7/20 and 7/30). This filing appears outside the typical 2-business-day reporting window for insider reports and may be late — check the full SEC filing for any “L” timeliness code or explanation.
• Vesting and source notes from the filing:
  • Some RSUs were converted from Middleby Corporation RSUs tied to the spin-off; each RSU is a contingent right to one share on the vesting date (F1).
  • F1 example vesting examples: certain converted RSUs vest 3/1/2027 (8,155 RSUs) and 3/1/2028 (5,094 RSUs).
  • Other RSUs follow a 33% / 33% / 34% vesting schedule on 7/1/2027, 7/1/2028 and 7/1/2029 (F3).
  • The filing also notes 28,637 shares were acquired via the spin-off distribution in an exempt acquisition under Rule 16a-9 (F2).
• Shares owned after the grants: not specified in the excerpt provided — see the full Form 4 for total beneficial ownership.

Context

• These entries are awards (RSUs), not purchases or sales. RSU grants do not indicate immediate buying or selling in the market; they represent future issuance of shares if and when the RSUs vest.
• The RSUs were tied to a corporate spin-off from Middleby; spin-off conversions and exempt distributions (Rule 16a-9) are treated differently than open-market trades.
• For retail investors: awards increase potential insider exposure to company stock over time as RSUs vest, but they are not an immediate market vote of confidence or liquidation. Check vesting dates and total post-grant ownership in the full filing for a clearer picture.