GARDEN EDWARD P 4
4 · MIDDLEBY Corp · Filed Mar 10, 2026
Research Summary
AI-generated summary of this filing
MIDDLEBY (MIDD) Director Edward P. Garden Receives 1,161-Share Award
What Happened
- Edward P. Garden, a director of MIDDLEBY Corp (MIDD), was granted 1,161 restricted stock units (RSUs) on March 6, 2026. The filing lists the acquisition price as N/A because these are awards, not open‑market purchases; no immediate cash value is shown in the Form 4. The RSUs represent a contingent right to receive one share of common stock per unit when they vest on March 6, 2027. This is an award/grant (neither a buy nor a sell) commonly used for compensation or retention.
Key Details
- Transaction date: March 6, 2026; Filing date (Form 4): March 10, 2026 (filing appears to be later than the standard two‑business‑day Form 4 deadline).
- Transaction type and amount: Award/Acquisition of 1,161 time‑based restricted stock units (RSUs); price listed as N/A.
- Vesting: RSUs vest in full on March 6, 2027; vested shares will be issued after that date.
- Shares owned after transaction: Not specified in the provided excerpt.
- Notable footnotes:
- F1 explains these are time‑based RSUs converting to one share each upon vesting.
- F2 notes Mr. Garden may be deemed to indirectly beneficially own securities held by GI SPV I through related entities, but he disclaims beneficial ownership except to the extent of pecuniary interest.
Context
- RSU grants are standard compensation/retention tools and do not reflect an immediate purchase or sale of stock; the shares are typically nontransferable until vesting.
- The indirect‑ownership disclosure (F2) indicates holdings tied to investment vehicles managed by entities affiliated with Mr. Garden and is a legal clarification of potential beneficial ownership rather than a direct personal transaction.
Insider Transaction Report
Form 4
MIDDLEBY CorpMIDD
GARDEN EDWARD P
Director
Transactions
- Award
Common Stock
[F1]2026-03-06+1,161→ 2,269 total
Holdings
- 3,379,737(indirect: Please see explanation below)
Common Stock
[F2]
Footnotes (2)
- [F1]These shares represent time-based restricted stock units. Each restricted stock unit represents a contingent right to receive one share of common stock on the applicable vesting date. These restricted stock units will vest in full on March 6, 2027. Vested shares will be issued to the reporting person after the applicable vesting date.
- [F2]Reflects securities held directly by GI SPV I. Mr. Garden is the sole member of Garden Investment Management GP, LLC, which serves as the general partner of Garden Investment Management, L.P., which serves as the management company for GI SPV I. Accordingly, Mr. Garden may be deemed to indirectly beneficially own (as that term is defined in Rule 16a-1(a) under the Exchange Act) the securities of the Issuer beneficially owned by GI SPV I. Mr. Garden disclaims beneficial ownership of such securities except to the extent of his pecuniary interests therein, and this report shall not be deemed an admission that Mr. Garden is the beneficial owner of such securities for purposes of Section 16 of the Exchange Act or for any other purpose.
Signature
/s/ Brian Jacoby, Attorney-In-Fact for Edward P. Garden|2026-03-10