Middleby maintains an incentive plan under which share-based awards are granted to key employees. Certain Midera employees participate in Middleby’s equity-based incentive plans. Non-cash share-based compensation costs have been specifically identified for employees who exclusively support Midera operations and include expenses allocated to Midera for corporate or shared employees based on net sales as part of the cost allocations from Middleby. The Company includes the related expenses as Selling, general and administrative expense within the Condensed Combined Statements of Earnings. The following table summarizes non-cash share-based compensation expense:


	Three Months Ended				Six Months Ended
(in millions)	July 4, 2026		June 28, 2025		July 4, 2026		June 28, 2025
Expenses related to Midera employee participation in Middleby’s incentive plan	$	0.9	$	0.6	$	2.0	$	0.8
Expenses allocated to Midera for corporate or shared employees based on net sales		1.2		0.8		2.6		1.0
Total pre-tax non-cash share-based compensation expense		2.1		1.4		4.6		1.8
Tax expense (benefit)		—		—		0.1		(0.1	)
Total non-cash share-based compensation expense, net of tax	$	2.1	$	1.4	$	4.7	$	1.7