Tax withholding affects 39,340 Fortune Brands (NYSE: FBIN) shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Fortune Brands Innovations Chief Executive Officer Nicholas I. Fink reported a tax-withholding disposition of 39,340 shares of common stock at $52.37 per share. These shares were withheld by the company to cover taxes due on vested awards, leaving Fink with 148,127 shares held directly, plus additional indirect holdings through several trusts.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Fink Nicholas I.
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock, Par Value $0.01 | -- | -- | -- |
| holding | Common Stock, Par Value $0.01 | -- | -- | -- |
| holding | Common Stock, Par Value $0.01 | -- | -- | -- |
| Tax Withholding | Common Stock, Par Value $0.01 | 39,340 | $52.37 | $2.06M |
Holdings After Transaction:
Common Stock, Par Value $0.01 — 11,671 shares (Indirect, Held by trusts for the benefit of heirs);
Common Stock, Par Value $0.01 — 148,127 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 30,486 restricted stock units that have not yet vested.
FAQ
What insider transaction did FBIN CEO Nicholas Fink report on this Form 4?
Nicholas Fink reported a tax-withholding disposition of 39,340 Fortune Brands Innovations shares. The company withheld these shares at $52.37 each to satisfy taxes due after equity awards vested and settled, rather than an open-market sale by the CEO.
Does Nicholas Fink’s FBIN holding include unvested restricted stock units?
Yes. A footnote explains that the reported holdings include 30,486 restricted stock units that have not yet vested. These units represent equity awards that may convert into Fortune Brands Innovations common shares in the future, subject to applicable vesting conditions.