Fortune Brands (FBIN) EVP awarded options and RSUs with multi-year vesting
Rhea-AI Filing Summary
Lee John Dong Gu reported acquisition or exercise transactions in this Form 4 filing.
Fortune Brands Innovations, Inc. executive John Dong Gu Lee, EVP Chief Digital Innovation, reported equity awards from the company. He received 18,306 options to buy common stock under the Long-Term Incentive Plan, all held as direct ownership. The options vest in three equal annual installments beginning on February 28, 2027.
He was also granted 15,273 restricted stock units, consisting of 6,209 units that vest in three equal annual installments and 9,064 units that vest in two equal annual installments. Each restricted stock unit represents a contingent right to receive one share of common stock, subject to continued employment through the applicable vesting dates. Following these grants, he directly owns 62,577 shares of common stock, including 23,533 restricted stock units that have not yet vested.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Options (Right to Buy) | 18,306 | $0.00 | $0.00 |
| Grant/Award | Common Stock, Par Value $0.01 | 15,273 | $0.00 | $0.00 |
Footnotes (4)
- F1. Reflects a grant of 6,209 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.
- F2. Includes a total of 23,533 restricted stock units that have not yet vested.
- F3. Reflects the grant of options under the issuer's Long-Term Incentive Plan.
- F4. The options vest in three equal annual installments beginning on February 28, 2027.
FAQ
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How many stock options were granted to FBIN EVP John Dong Gu Lee?
What restricted stock unit awards did FBIN grant to John Dong Gu Lee?
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