Fortune Brands EVP uses shares for tax withholding
Fortune Brands Innovations, Inc. executive Matthew Edward Novak, EVP and Chief Supply Chain, reported a tax-related share disposition.
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Rhea-AI Filing Summary
Fortune Brands Innovations, Inc. executive Matthew Edward Novak, EVP and Chief Supply Chain, reported a tax-related share disposition. The issuer withheld 1,065 shares of common stock at $52.37 per share to cover withholding taxes due on vested awards. After this transaction, he directly holds 10,850 shares, which include 8,453 restricted stock units that have not yet vested.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock, Par Value $0.01 | 1,065 | $52.37 | $56K |
Footnotes (2)
- F1. Reflects the withholding by the issuer of shares having a fair market value equal to the withholding taxes payable by the undersigned following the vesting and settlement of awards, such transaction being exempt under Rule 16b-3(e).
- F2. Includes a total of 8,453 restricted stock units that have not yet vested.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Fortune Brands (FBIN) executive Matthew Novak report in this Form 4?
Is the Form 4 transaction by Fortune Brands (FBIN) EVP Novak an open-market sale?
What are the unvested restricted stock units reported for Fortune Brands (FBIN) EVP Novak?
What SEC rule applies to this Fortune Brands (FBIN) tax-withholding transaction?
AI-generated analysis. How Rhea-AI works. Not financial advice.