MIDDLEBY Director Sarah Palisi Chapin Receives 907 Shares

What Happened

• Sarah Palisi Chapin, a director of MIDDLEBY Corp (MIDD), acquired a total of 907 shares through equity award/conversion events. On 2026-07-20 she recorded a conversion of 349 shares (derivative conversion) and on 2026-08-26 she received 558 shares as an award/grant. No cash price is reported for these acquisitions (N/A) because they arose from restricted stock unit (RSU) adjustments and vesting rather than open-market purchases.

Key Details

• Transaction dates and types:
  • 2026-07-20 — Conversion of derivative security: 349 shares (Price: N/A) (code C)
  • 2026-08-26 — Grant/award acquisition: 558 shares (Price: N/A) (code A)
• Total shares acquired in this filing: 907 shares.
• Shares owned after transaction: not disclosed in the provided filing excerpt.
• Notable footnotes from the filing:
  • F1: The conversion reflects an adjustment under the Employee Matters Agreement related to the July 6, 2026 spin-off of Midera Food Processing, Inc.; it “represents the conversion of 1,161 RSUs into 1,510 RSUs.”
  • F2: The 558 shares are time‑based RSUs that vested in full on the transaction date; each RSU equals one share.
• Filing timeliness: The Form 4 was filed on 2026-08-28 for transactions dated 2026-07-20 and 2026-08-26, which is outside the SEC’s typical two-business-day reporting window.

Context

• These were not open-market purchases or sales but equity award/adjustment events (compensation-related/administrative), so they do not directly signal a market buy or sell decision by the director.
• For retail investors, acquisitions via RSU vesting or corporate adjustments are common forms of compensation and should be viewed differently than discretionary purchases or sales.