Fortune Brands (NYSE: FBIN) grants EVP Papesh new stock and options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Fortune Brands Innovations, Inc. reported that EVP and CHRO Kristin Papesh received new equity awards. She was granted options to purchase 13,362 shares at an exercise price of $0.00 per share, which vest in three equal annual installments beginning on February 28, 2027.
Papesh also acquired 13,596 shares of common stock through restricted stock unit awards, consisting of 4,532 units vesting in three equal annual installments and 9,064 units vesting in two equal annual installments, all subject to continued employment. Following these awards, her direct holdings include 22,748 common shares, including 19,277 restricted stock units that have not yet vested.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Papesh Kristin
Role
EVP and CHRO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Options (Right to Buy) | 13,362 | $0.00 | -- |
| Grant/Award | Common Stock, Par Value $0.01 | 13,596 | $0.00 | -- |
Holdings After Transaction:
Options (Right to Buy) — 13,362 shares (Direct);
Common Stock, Par Value $0.01 — 22,748 shares (Direct)
Footnotes (1)
- Reflects a grant of 4,532 restricted stock units awarded to the reporting person that vest in three equal annual installments and a grant of 9,064 restricted stock units awarded to the reporting person that vest in two equal annual installments. Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock and vesting is subject to continued employment through the applicable vesting dates. Includes a total of 19,277 restricted stock units that have not yet vested. Reflects the grant of options under the issuer's Long-Term Incentive Plan. The options vest in three equal annual installments beginning on February 28, 2027.
FAQ
What insider transaction did FBIN executive Kristin Papesh report on this Form 4?
Kristin Papesh reported equity awards from Fortune Brands Innovations, Inc. She received stock options for 13,362 shares and 13,596 shares of common stock via restricted stock units, both granted at $0.00 per share as compensation rather than open-market purchases.
How many stock options did Kristin Papesh receive from Fortune Brands Innovations (FBIN)?
Kristin Papesh received options covering 13,362 shares of Fortune Brands Innovations common stock. These options were granted under the company’s Long-Term Incentive Plan and will vest in three equal annual installments beginning February 28, 2027, contingent on her continued employment.
What restricted stock unit grants did FBIN award to Kristin Papesh in this filing?
Fortune Brands Innovations awarded Kristin Papesh 4,532 restricted stock units vesting in three equal annual installments and 9,064 units vesting in two equal annual installments. Each unit represents a contingent right to one common share, subject to continued employment through the applicable vesting dates.
Are the FBIN equity grants to Kristin Papesh immediate stock ownership or subject to vesting?
The FBIN equity grants are largely subject to vesting. The restricted stock units vest over two- and three-year schedules, and the stock options vest in three equal annual installments starting February 28, 2027, all requiring continued employment for the awards to fully vest.
Were Kristin Papesh’s FBIN equity awards open-market purchases or compensation grants?
Kristin Papesh’s equity awards were compensation grants, not open-market purchases. The Form 4 uses transaction code “A” for grant or award, with a price of $0.00 per share, indicating company-awarded options and restricted stock units rather than shares bought in the market.