FBIN Form 4: EVP Matthew Novak Sells 342 Shares, Holds 2,130 Unvested RSUs
Rhea-AI Filing Summary
Matthew Edward Novak, EVP, Chief Supply Chain and director of Fortune Brands Innovations, Inc. (FBIN), reported a sale of 342 shares of common stock on 08/29/2025 at a price of $58.4713 per share. After the transaction he beneficially owned 3,388 shares, which include 2,130 restricted stock units that have not yet vested. The Form 4 was signed on behalf of Mr. Novak by an attorney-in-fact, Angela M. Pla, on 09/02/2025. The filing is a standard Section 16 disclosure showing an insider disposition and the remaining direct holdings including unvested RSUs.
Positive
- Insider transaction was disclosed promptly via Form 4 with full transaction details.
- Filing explicitly identifies 2,130 restricted stock units, clarifying that a substantial portion of holdings is unvested.
Negative
- Reporting person sold 342 shares, reducing direct ownership to 3,388 shares.
Insights
TL;DR: Routine insider sale of 342 shares; remaining holdings include 2,130 unvested RSUs, suggesting continued compensation linkage.
This Form 4 documents a small open-market sale by a senior officer and director. The transaction reduces direct holdings to 3,388 shares and explicitly notes 2,130 restricted stock units that remain unvested, indicating ongoing equity-based compensation. The sale amount and share count are modest and the filing contains no indications of accelerated vesting, option exercises, or derivative activity.
TL;DR: Disclosure is complete and timely; sale was reported by attorney-in-fact and signed appropriately.
The Form 4 appears properly completed: reporting person role (EVP, Chief Supply Chain), transaction date, transaction code (S for sale), price, post-transaction beneficial ownership, and an explanation noting unvested RSUs. The signature was executed by an attorney-in-fact, consistent with common practice. There are no governance flags such as unusual derivative transactions or changes in beneficial ownership control disclosed here.