MILLERKNOLL, INC.·4

Jul 23, 4:07 PM ET

Veltman Kevin J. 4

4 · MILLERKNOLL, INC. · Filed Jul 23, 2026

Research Summary

AI-generated summary of this filing

Updated

MILLERKNOLL CFO Kevin J. Veltman Exercises RSUs; Shares Withheld

What Happened

  • Kevin J. Veltman, CFO of MillerKnoll (MLKN), had restricted stock units (RSUs) convert to 3,348 shares on July 22, 2026 (two tranches: 2,604 and 744 shares). The RSUs converted at $0 exercise price (code M).
  • To satisfy tax withholding (code F), 350.749 shares and 1,182.837 shares (total 1,533.586 shares) were withheld at $21.89/share, totaling $33,578 (reported as disposals). Net new shares retained by Veltman = 3,348 − 1,533.586 = 1,814.414 shares.
  • This was a routine vesting/tax-withholding transaction (not an open-market sale or purchase).

Key Details

  • Transaction date: July 22, 2026; filing date: July 23, 2026 (timely).
  • Exercise/conversion (M): 2,604 shares and 744 shares acquired at $0.00.
  • Tax withholding (F/disposed): 350.749 shares for $7,680 and 1,182.837 shares for $25,898 (total $33,578) at $21.89/share.
  • Net shares added: ~1,814.414 shares.
  • Shares owned after transaction: not specified in the provided excerpt of the filing.
  • Footnotes: each RSU equals one share; RSUs vest in three equal annual installments on July 22; dividend equivalents were reinvested into vesting RSUs per footnote.

Context

  • This was a standard RSU vesting event with cashless share withholding to cover taxes — a common, non-market-sale transaction and generally not a directional signal about the insider's view.
  • Code meanings: M = exercise/conversion of a derivative (RSU conversion here); F = payment of exercise price or tax liability (share withholding).

Insider Transaction Report

Form 4
Period: 2026-07-22
Veltman Kevin J.
Chief Financial Officer
Transactions
  • Exercise/Conversion

    Common Stock

    [F1]
    2026-07-22+2,60421,303.27 total
  • Exercise/Conversion

    Common Stock

    [F1]
    2026-07-22+74422,047.27 total
  • Tax Payment

    Common Stock

    2026-07-22$21.89/sh350.749$7,68021,696.521 total
  • Tax Payment

    Common Stock

    2026-07-22$21.89/sh1,182.837$25,89820,513.684 total
  • Exercise/Conversion

    Restricted Stock Units

    [F2][F3]
    2026-07-222,60451,153 total
    Common Stock (2,604 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F2][F3]
    2026-07-2274450,409 total
    Common Stock (744 underlying)
Holdings
  • Common Stock

    (indirect: by profit share plan)
    686.136
Footnotes (3)
  • [F1]The Number of Derivative Securities Beneficially Owned Following Reported Transaction reflected in Table I of this form includes dividend equivalent units reinvested in the corresponding vesting RSUs, which satisfies the exemption of Rule 16b-2.
  • [F2]Each restricted stock unit represents a contingent right to receive one share of MLKN common stock.
  • [F3]The restricted stock units vest in three equal annual installments. Vesting for each tranche occurs on July 22nd of each respective year.
Signature
By: Jacqueline H. Rice For: Kevin J. Veltman|2026-07-23

Documents

1 file
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    edgardoc.xmlPrimary

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