Mittelman Bryan E. 4
Research Summary
AI-generated summary
MIDDLEBY CFO Bryan Mittelman Surrenders 1,933 Shares for Taxes
What Happened
Bryan E. Mittelman, Chief Financial Officer of MIDDLEBY Corp (MIDD), surrendered 1,933 shares on 2026-03-01 to satisfy tax withholding obligations related to the vesting of time-based restricted stock units (RSUs). The shares were valued at $168.86 each, totaling $326,406. This was a tax-withholding share surrender (routine disposition), not an open-market sale or a new purchase.
Key Details
- Transaction date and filing: transaction on 2026-03-01; Form 4 filed 2026-03-03 (appears timely under the two-business-day rule for officers).
- Price per share: $168.86; total value of surrendered shares: $326,406.
- Shares owned after transaction: not disclosed in this filing.
- Footnote: F1 — shares were surrendered to fund the reporting person's tax liability in connection with vesting of time-based RSUs.
- Transaction type: tax withholding / share surrender (reported with code F).
Context
This was a cashless-like action to cover tax obligations when RSUs vested — common and typically administrative in nature. Such tax-withholding surrenders are routine and don’t necessarily indicate the insider’s view on the company’s prospects.