MIDDLEBY Corp·4

Mar 16, 6:30 PM ET

Mittelman Bryan E. 4

Research Summary

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MIDDLEBY (MIDD) CFO Bryan Mittelman Receives PSU Award, Surrenders Shares

What Happened

  • Bryan E. Mittelman, Chief Financial Officer of MIDDLEBY Corp (MIDD), received 3,012 shares on March 13, 2026 upon vesting of performance-based PSUs awarded in August 2023. To cover the tax liability from that vesting he surrendered 1,335 shares at $143.08 per share, generating ~$191,012. Net result: a net increase of 1,677 shares retained by the insider.

Key Details

  • Transaction date: 2026-03-13; Form 4 filed 2026-03-16 (timely).
  • Award/acquisition: 3,012 shares (PSUs vested) — price N/A (award).
  • Tax withholding/surrender: 1,335 shares disposed at $143.08 per share for $191,012.
  • Net shares retained from the vesting: 1,677 shares.
  • Footnotes: F1 — shares were performance-based PSUs awarded Aug 9, 2023; F2 — surrender was to fund the reporting person’s tax liability.
  • Shares owned after transaction: not specified in the filing.

Context

  • This was not an open-market purchase or sale for investment reasons but a routine vesting of performance stock units with share surrender to satisfy tax withholding — a common practice that does not necessarily signal the insider’s view of the company’s stock.