MIDDLEBY (MIDD) Director Julie Bowerman Receives 349 Shares via RSU Conversion

What Happened
Julie Bowerman, a director of MIDDLEBY Corp (MIDD), was credited with 349 shares on July 20, 2026 via a "conversion of derivative security" (code C). No per-share price or cash consideration is reported (N/A). This was an equity award/adjustment event rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-07-20; Form 4 filed: 2026-08-28 (appears to be filed late relative to the 2-business-day reporting window).
• Reported change: +349 shares (conversion of derivative security; price N/A).
• Footnote: The 349 shares reflect an adjustment in which 1,161 RSUs were converted/adjusted to 1,510 RSUs under the Employee Matters Agreement tied to the spin-off of Midera Food Processing, Inc. (completed July 6, 2026).
• Shares owned after transaction: not specified on the filing.
• Transaction type: award/adjustment (not a sale or market purchase).

Context
This was a contractual RSU adjustment related to the company's spin-off and not a discretionary open-market trade. Such conversions typically reflect plan terms or corporate actions and do not by themselves indicate insider buying or selling intent. Because no price/value was reported on the Form 4, the economic value of the 349-share adjustment would depend on MIDD's market price at the relevant date.