Fortune Brands (NYSE: FBIN) EVP reports 5,007-share tax withholding move
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Fortune Brands Innovations, Inc. executive Hiranda S. Donoghue, EVP Chief Legal & Secretary, reported a tax-withholding disposition of 5,007 shares of common stock at $52.37 per share following vesting of awards. After this withholding, Donoghue directly holds 31,992 shares, including 13,601 unvested restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Donoghue Hiranda S
Role
EVP Chief Legal & Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, Par Value $0.01 | 5,007 | $52.37 | $262K |
Holdings After Transaction:
Common Stock, Par Value $0.01 — 31,992 shares (Direct)
Footnotes (1)
- 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). Includes a total of 13,601 restricted stock units that have not yet vested.
FAQ
What insider transaction did FBIN executive Hiranda Donoghue report?
Hiranda S. Donoghue reported a tax-withholding disposition of 5,007 shares of Fortune Brands Innovations common stock. The shares were withheld by the company to cover withholding taxes due upon vesting and settlement of equity awards, under an exemption provided by Rule 16b-3(e).
Does Hiranda Donoghue hold unvested restricted stock units in FBIN?
Yes. The filing notes that Donoghue’s holdings include 13,601 restricted stock units that have not yet vested. These units represent additional potential future shares, subject to vesting conditions, separate from the 31,992 currently held shares reported after the tax-withholding transaction.
What does the F transaction code mean in the FBIN Form 4?
The F code denotes payment of an exercise price or tax liability using securities. In this case, it reflects the issuer’s withholding of 5,007 Fortune Brands Innovations shares to satisfy Hiranda Donoghue’s withholding taxes arising from vesting and settlement of equity awards, under Rule 16b-3(e).