MIDDLEBY (MIDD) Director Glenn A. Eisenberg Receives 349 Shares via Conversion

What Happened

• Glenn A. Eisenberg, a director of MIDDLEBY Corp (MIDD), acquired 349 shares on July 20, 2026 through the conversion of a derivative security (code C). No purchase price is reported (N/A), so this was an issuance/conversion rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-07-20 (Form 4 filed 2026-08-28 — filing was late relative to the usual 2-business-day rule).
• Shares acquired: 349 shares; price: N/A; total value: N/A.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: The 349 shares reflect an adjustment under the Employee Matters Agreement tied to the July 6, 2026 spin-off of Midera Food Processing, Inc. Specifically, 1,161 RSUs were adjusted to 1,510 RSUs (difference = 349).
• Transaction type: Conversion of derivative securities (not an open-market trade, no 10b5-1 plan or cashless sale indicated).

Context

• This was an issuance/conversion tied to an RSU adjustment after a corporate spin-off, not a market purchase or sale. Such administrative conversions (awards/adjustments) typically reflect contractual adjustments rather than insider trading intent, and therefore are less informative about management’s short-term view of the stock.