Middleby Director Christopher M. Hix Receives 349 Shares

What Happened

• Christopher M. Hix, a director of Middleby Corp (MIDD), was credited with 349 shares on July 20, 2026 via conversion of a derivative security (transaction code C). The filing lists price and aggregate value as N/A — no cash was reported as paid.
• The 349 shares represent the net increase from an RSU adjustment: 1,161 RSUs were adjusted to 1,510 RSUs under the Employee Matters Agreement related to the spin‑off of Midera Food Processing, Inc., completed July 6, 2026 (see footnote F1).

Key Details

• Transaction date: July 20, 2026. Form 4 filed: August 28, 2026 (late filing).
• Transaction type/code: Conversion of derivative security (C); price: N/A; no sale.
• Shares received: 349 (net increase from RSU adjustment). Shares owned after the transaction: not specified in the filing.
• Footnote F1: Confirms conversion/adjustment of RSUs due to the Midera spin‑off.
• No 10b5‑1 plan, tax‑withholding sale, or immediate disposition reported.

Context

• This was an internal adjustment/conversion of RSUs tied to a corporate spin‑off, not an open‑market purchase or sale by the insider. Such adjustments are contractually required and reflect award conversion rather than a trading decision by the insider.