Entities tied to FBIN director buy 57,400 shares
Fortune Brands Innovations, Inc. director Edward P. Garden reported an indirect open-market purchase of common stock through affiliated investment entities.
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Form Type
4
Rhea-AI Filing Summary
Fortune Brands Innovations, Inc. director Edward P. Garden reported an indirect open-market purchase of common stock through affiliated investment entities. GI SPV II L.P. and Green 73 LLC bought 57,400 shares at a weighted average price of $34.89 per share, with trades ranging from $34.56 to $35.00. Following this transaction, these entities together held 3,620,167 shares of Fortune Brands Innovations common stock indirectly attributed to Mr. Garden under SEC beneficial ownership rules, while he disclaims beneficial ownership beyond his pecuniary interest. A separate indirect holding of 4,765 shares is reported as held by Garden Investment Management, L.P.
Insider Trade Summary
Net Buyer: 57,400 shares
Net Buy
2 txns
Insider
GARDEN EDWARD P
Role
Director
Bought
57,400 shs ($2.00M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock, Par Value $0.01 | 57,400 | $34.89 | $2.00M |
| holding | Common Stock, Par Value $0.01 | -- | -- | -- |
Holdings After Transaction:
Common Stock, Par Value $0.01 — 3,620,167 shares (Indirect, Held by GI SPV II L.P. and Green 73 LLC);
Common Stock, Par Value $0.01 — 4,765 shares (Indirect, Held by Garden Investment Management, L.P.)
Footnotes (3)
- F1. The price reported is the weighted average price. These shares were purchased in multiple transactions at prices ranging from $34.56 to $35.00, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
- F2. Reflects securities held directly by GI SPV II L.P. ("GI SPV II") and Green 73 LLC. GI SPV II is the manager of Green 73 LLC. Mr. Garden is the sole member of Garden Investment Management GP, LLC, which serves as the general partner of Garden Investment Management, L.P., which serves as the management company for GI SPV II. Accordingly, Mr. Garden may be deemed to indirectly beneficially own (as that term is defined in Rule 16a-1(a) under the Securities Exchange Act of 1934, as amended (the "Exchange Act")) the securities of the Issuer beneficially owned by GI SPV II. Mr. Garden disclaims beneficial ownership of such securities except to the extent of his pecuniary interests therein, and this report shall not be deemed an admission that Mr. Garden is the beneficial owner of such securities for purposes of Section 16 of the Exchange Act or for any other purpose.
- F3. Reflects a prior grant of stock under the issuer's Long-Term Incentive Plan.
Key Figures
Shares purchased: 57,400 shares
Weighted average purchase price: $34.89 per share
Price range of trades: $34.56–$35.00 per share
+2 more
5 metrics
Shares purchased
57,400 shares
Indirect open-market purchase on May 20, 2026
Weighted average purchase price
$34.89 per share
Common stock, par value $0.01
Price range of trades
$34.56–$35.00 per share
Range for multiple purchase transactions
Shares held by GI SPV II & Green 73 LLC
3,620,167 shares
Total indirect holdings after purchase
Additional indirect holding
4,765 shares
Held by Garden Investment Management, L.P.
Key Terms
open-market purchase, weighted average price, beneficially own, pecuniary interests, +1 more
5 terms
open-market purchase financial
"GI SPV II L.P. and Green 73 LLC bought 57,400 shares in an open-market purchase"
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
weighted average price financial
"The price reported is the weighted average price for multiple transactions"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
beneficially own financial
"Mr. Garden may be deemed to indirectly beneficially own the securities"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
pecuniary interests financial
"Mr. Garden disclaims beneficial ownership except to the extent of his pecuniary interests"
Long-Term Incentive Plan financial
"Reflects a prior grant of stock under the issuer's Long-Term Incentive Plan"
A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did FBIN director Edward P. Garden report?
Edward P. Garden reported an indirect open-market purchase of 57,400 Fortune Brands Innovations (FBIN) common shares. The shares were acquired by affiliated entities GI SPV II L.P. and Green 73 LLC at a weighted average price of $34.89 per share.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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