Michael R Smith - 15 Jan 2024 Form 4 Insider Report for MILLERKNOLL, INC. (MLKN)

Role
Director
Signature
By: Jacqueline H. Rice For: Michael R. Smith
Issuer symbol
MLKN
Transactions as of
15 Jan 2024
Net transactions value
+$80,500
Form type
4
Filing time
19 Jan 2024, 19:29:05 UTC
Previous filing
14 Dec 2023
Next filing
24 Jan 2024
SEC
View on sec.gov

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 +8,377 $0.000000 8,377 15 Jan 2024 Common Stock 8,377 $25.47 Direct F1, F2
transaction MLKN Phantom Stock Award $80,500 +3,161 +26% $25.47 15,444 15 Jan 2024 Common Stock 3,161 Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This late filing is due to an inadvertent administrative error and not any error of the reporting person.
F2 This grant is fully vested on date of grant.
F3 Each share of phantom stock is the economic equivalent of one share of common stock. The shares of phantom stock become payable, in shares of common stock, at the election of the reporting person made in accordance with the company's director deferred compensation plan.
F4 The Number of Derivative Securities Beneficially Owned reflected in Table II of this form include shares acquired through participation in the MillerKnoll, Inc. Director Deferred Compensation Plan, which satisfies the exemption of Rule 16b-3.