Mittelman Bryan E. 4
Research Summary
AI-generated summary
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.