Scherger Stephen R. 4

What Happened

• Stephen R. Scherger, a director of MIDDLEBY Corp (MIDD), received a grant of 1,161 restricted stock units (RSUs) reported on Form 4 for the 2026-03-06 transaction date. The grant is recorded as an award (transaction code A); no purchase price or sale proceeds were reported.
• The filing does not state a per‑share or total dollar value for the award. According to the filing footnote, each RSU represents the right to one share of common stock and the RSUs will vest in full on March 6, 2027; vested shares will be issued after that vesting date.

Key Details

• Transaction date: March 6, 2026; Form 4 filed March 9, 2026 (appears timely).
• Transaction type/code: Grant/Award (A) of 1,161 time‑based RSUs; price shown as N/A (no cash transaction).
• Vesting: All RSUs vest in full on March 6, 2027; shares issued after vesting (footnote).
• Shares owned after transaction: Not specified in the filing.
• No 10b5‑1 plan, sale, purchase, or tax‑withholding details reported.

Context

• RSU grants are a form of compensation/retention, not an open‑market purchase or sale; they generally reflect compensation policy rather than an immediate bullish or bearish signal.
• For retail investors: this is routine director compensation with a one‑year time vesting condition; it does not represent an immediate change in outstanding shares until vesting and issuance.