Frank Madonia - Mar 1, 2023 Form 4 Insider Report for MILLER INDUSTRIES INC /TN/ (MLR)

Role
Executive VP, Secretary & GC
Signature
/s/ Frank Madonia
Stock symbol
MLR
Transactions as of
Mar 1, 2023
Transactions value $
-$13,536
Form type
4
Date filed
3/3/2023, 03:32 PM
Previous filing
Mar 8, 2022
Next filing
Mar 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MLR Common Stock Options Exercise +2K +200000% 2K Mar 1, 2023 Direct F1, F3
transaction MLR Common Stock Tax liability -$13.5K -480 -23.99% $28.20 1.52K Mar 1, 2023 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MLR Restricted Stock Unit Options Exercise $0 -2K -20% $0.00 8K Mar 1, 2023 Common Stock 2K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the conversion of restricted stock units that vested on March 1, 2023. These are time-based restricted stock units that vest in five equal annual installments commencing on March 1, 2023. Vested shares will be delivered to the reporting person not later than 30 days after the vesting date.
F2 These shares were withheld to cover tax withholding obligations when 2,000 time-based restricted stock units vested on March 1, 2023.
F3 Each restricted stock unit represents a contingent right to receive one share of Miller Industries Inc. common stock.