Watson Bruce Benedict 4
Research Summary
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MillerKnoll (MLKN) CCO Bruce Benedict Receives Award of 33,121 RSUs
What Happened
- Bruce Benedict, Chief Creative Officer of MillerKnoll, was granted 33,121 restricted stock units (RSUs) on July 14, 2026. The Form 4 reports the award as a derivative acquisition at $0.00 (no cash purchase). RSUs represent a contingent right to receive common stock if and when they vest.
Key Details
- Transaction date: July 14, 2026; Form 4 filed July 16, 2026 (appears timely under the two-business-day rule).
- Grant: 33,121 RSUs, acquisition price reported $0.00 (derivative award).
- Vesting: RSUs vest in three equal annual installments; each tranche vests on July 22 of each respective year (per footnotes).
- Shares owned after transaction: not disclosed in the provided filing excerpt.
- Footnotes: F1 — each RSU converts to one share upon vesting; F2 — three equal annual vesting tranches on July 22.
- Filing type: Award/Grant (transaction code A); not a purchase or sale.
Context
- RSU grants are a form of compensation and retention, not an outright purchase or sale; they become shares only as they vest and are typically taxable at vesting. Such awards are routine for executives and do not by themselves indicate buying or selling sentiment.