American Woodmark (AMWD) director logs share disposition in MasterBrand merger
Rhea-AI Filing Summary
AMERICAN WOODMARK CORP director Philip D. Fracassa reported a disposition of 4,120 shares of common stock to the company, leaving him with 0 shares directly owned after the transaction. This disposition occurred in connection with the closing of a merger where American Woodmark became a wholly owned subsidiary of MasterBrand, Inc.
At the effective time of the merger, each share of American Woodmark common stock converted into the right to receive 5.150 shares of MasterBrand common stock. Restricted stock units held by non-employee directors similarly converted into MasterBrand shares based on the same 5.150 exchange ratio, subject to tax withholding.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 4,120 | $0.00 | -- |
Footnotes (1)
- On May 28, 2026, pursuant to that certain Agreement and Plan of Merger, dated August 5, 2025, by and among MasterBrand, Inc., a Delaware corporation (Parent), Maple Merger Sub, Inc., a Virginia corporation and wholly owned subsidiary of Parent (Merger Sub), and American Woodmark Corporation, a Virginia corporation (the Company), Merger Sub merged with and into the Company with the Company surviving as a wholly owned subsidiary of Parent (the Merger). At the effective time of the Merger (the Effective Time), each share of common stock of the Company (Company common stock) outstanding immediately prior to the Effective Time converted into the right to receive 5.150 shares of common stock of Parent (Parent common stock) (such ratio, the Exchange Ratio). In addition, at the Effective Time, each restricted stock unit held by the Company's non-employee directors converted into the right to receive a number of shares of Parent common stock equal to the number of shares of Company common stock subject to the restricted stock unit immediately prior to the Effective Time multiplied by the Exchange Ratio (with a cash payment in respect of any fractional shares in accordance with the Merger Agreement), less any applicable tax withholding.
Key Figures
Key Terms
Agreement and Plan of Merger regulatory
Exchange Ratio financial
restricted stock unit financial
Effective Time regulatory
FAQ
What insider transaction did AMWD director Philip D. Fracassa report?
Philip D. Fracassa reported a disposition of 4,120 shares of American Woodmark common stock back to the issuer. After this issuer disposition, his directly owned American Woodmark shares were 0, reflecting the impact of the completed merger with MasterBrand.
How does the MasterBrand merger affect AMWD common stock holders?
Each share of American Woodmark common stock outstanding immediately before the merger’s effective time converted into the right to receive 5.150 shares of MasterBrand common stock. This share-for-share exchange restructures holders’ investment into MasterBrand equity.
What happened to AMWD restricted stock units held by non-employee directors?
At the merger’s effective time, each restricted stock unit held by American Woodmark non-employee directors converted into the right to receive MasterBrand common shares. The number was based on underlying AMWD shares multiplied by the 5.150 exchange ratio, less tax withholding.