Veltman Kevin J. 4
4 · MILLERKNOLL, INC. · Filed Jul 23, 2026
Research Summary
AI-generated summary of this filing
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
Veltman Kevin J.
Chief Financial Officer
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-07-22+2,604→ 21,303.27 total - Exercise/Conversion
Common Stock
[F1]2026-07-22+744→ 22,047.27 total - Tax Payment
Common Stock
2026-07-22$21.89/sh−350.749$7,680→ 21,696.521 total - Tax Payment
Common Stock
2026-07-22$21.89/sh−1,182.837$25,898→ 20,513.684 total - Exercise/Conversion
Restricted Stock Units
[F2][F3]2026-07-22−2,604→ 51,153 total→ Common Stock (2,604 underlying) - Exercise/Conversion
Restricted Stock Units
[F2][F3]2026-07-22−744→ 50,409 total→ Common Stock (744 underlying)
Holdings
- 686.136(indirect: by profit share plan)
Common Stock
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