John P. Michael - Jul 13, 2021 Form 4 Insider Report for HERMAN MILLER INC (MLKN)

Role
President, N America Contract
Signature
By: Jacqueline H. Rice For: John P. Michael
Stock symbol
MLKN
Transactions as of
Jul 13, 2021
Transactions value $
$0
Form type
4
Date filed
7/15/2021, 04:14 PM
Next filing
Jul 20, 2021

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 MLKN Non-Qualified Stock Option (right to buy) Award $0 +15.2K $0.00 15.2K Jul 13, 2021 Common Stock 15.2K $45.75 Direct F1
transaction MLKN Restricted Stock Units Award $0 +4.77K +81.86% $0.00 10.6K Jul 13, 2021 Common Stock 4.77K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This grant vests in three equal annual installments beginning on the first anniversary of the grant date.
F2 Each restricted stock unit represents a contingent right to receive one share of MLHR common stock.
F3 The restricted stock units are subject to a three-year vest schedule, vesting 25% on 8/1/2022, 25% on 8/1/2023, and 50% 8/1/2024.