Jacqueline Hourigan Rice 4

What Happened

• Jacqueline Hourigan Rice, Chief Legal Officer of MillerKnoll (MLKN), had restricted stock units (RSUs) convert/vest on July 22, 2026. She was credited with 12,790 shares (8,139 + 4,651) from the conversion (exercise/conversion code M; $0.00 exercise price because these are RSUs).
• To satisfy tax withholding (code F), 2,192.653 shares and 3,697.048 shares were surrendered/withheld at $21.89 per share, generating cash values of $48,008 and $80,947 respectively (total withheld value $128,955). No open-market sale beyond the withholding was reported.

Key Details

• Transaction date: 2026-07-22; Form 4 filed 2026-07-23 (next-day filing).
• Exercise/conversion price: $0.00 (these were RSUs converting to shares).
• Tax withholding: 5,889.701 shares withheld in aggregate at $21.89 per share (total ~$128,955).
• Shares owned after transaction: not specified in the excerpt provided. The filing notes dividend equivalents were reinvested into vesting RSUs and that directly owned shares include ESPP purchases (satisfies Rule 16b-3).
• Footnotes: F1/F2 indicate dividend equivalent units were reinvested into RSUs (exemption under Rule 16b-2). F3 defines each RSU = 1 share. F4 notes RSUs vest in three equal annual installments on July 22 of each year.

Context

• These were RSU vesting and tax-withholding actions (not a market sale). Withholding of shares to cover taxes is routine and does not necessarily signal a buy/sell decision.
• Because the exercise price is $0 for RSUs, the primary economic event is vesting and issuance of shares; the withheld shares were used solely for tax obligations.