Watson Bruce Benedict 4

What Happened Bruce Watson, Chief Creative Officer of MillerKnoll (MLKN), had restricted stock units (RSUs) vest on July 22, 2026 and converted them into 14,407 shares (5,245 + 9,162). To cover tax withholding, 6,634.422 shares (2,472.688 + 4,161.734) were withheld and disposed at $21.89 per share, generating $54,140 and $91,121 respectively (total ≈ $145,261). The filing reports conversion/exercise entries (code M) for the RSUs and tax withholding dispositions (code F).

Key Details

• Transaction date: July 22, 2026; Form 4 filed July 23, 2026 (timely).
• RSUs converted to shares: 5,245 and 9,162 (total 14,407). Exercise price shown as $0 because these were RSUs, not option exercises.
• Shares withheld for taxes (disposed): 2,472.688 and 4,161.734 at $21.89 each; total tax withholding value ≈ $145,261.
• Shares owned after the transaction: not specified in this Form 4.
• Footnotes:
  • F1: Dividend equivalent units were reinvested into the vesting RSUs and satisfy Rule 16b-2 exemption.
  • F2: Each RSU represents a contingent right to one share of MLKN common stock.
  • F3: The RSUs vest in three equal annual installments, each tranche vesting on July 22 in the respective year.
• Transaction codes: M = exercise/conversion of derivative (RSU conversion); F = payment of tax liability via share withholding.

Context This was a routine RSU vesting event with shares withheld to satisfy tax obligations (a common cashless withholding approach). It is not an open-market purchase or sale intended as a directional bet; the filing documents the conversion and withholding mechanics rather than an investment decision.