Fortune Brands Innovations (NYSE: FBIN) grants options and RSUs to CFO
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Baksht Jonathan reported acquisition or exercise transactions in this Form 4 filing.
Fortune Brands Innovations executive Jonathan Baksht, EVP and CFO, reported equity awards that increase his direct holdings. He received 26,724 options under the company’s Long-Term Incentive Plan, which vest in three equal annual installments beginning on February 28, 2027.
He was also awarded 18,128 restricted stock units (RSUs) at no cost, split into two 9,064-share grants that vest over three and two equal annual installments, respectively, subject to continued employment. Following these awards, he holds 41,103 unvested RSUs, each representing a right to receive one share of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Baksht Jonathan
Role
EVP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Options (Right to Buy) | 26,724 | $0.00 | -- |
| Grant/Award | Common Stock, Par Value $0.01 | 18,128 | $0.00 | -- |
Holdings After Transaction:
Options (Right to Buy) — 26,724 shares (Direct);
Common Stock, Par Value $0.01 — 41,103 shares (Direct)
Footnotes (1)
- Reflects a grant of 9,064 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 41,103 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 transactions did FBIN EVP and CFO Jonathan Baksht report?
Jonathan Baksht reported equity awards, not open-market trades. He received 26,724 stock options and 18,128 restricted stock units (RSUs) at a grant price of $0.00 per share as part of his long-term incentive compensation.
How many stock options did FBIN grant to Jonathan Baksht in this Form 4?
He was granted 26,724 options with a right to buy Fortune Brands Innovations common stock. These options were issued under the company’s Long-Term Incentive Plan and will vest in three equal annual installments starting February 28, 2027.
What restricted stock unit (RSU) awards did FBIN’s CFO receive?
He received 18,128 RSUs at no cost, consisting of two separate 9,064-share grants. One vests in three equal annual installments and the other in two, with vesting contingent on continued employment through each vesting date.
How many unvested restricted stock units does Jonathan Baksht now hold at FBIN?
After these awards, he holds a total of 41,103 unvested restricted stock units. Each RSU represents a contingent right to receive one share of Fortune Brands Innovations common stock upon satisfying the applicable vesting conditions.
Are the FBIN equity awards to the CFO direct or indirect ownership?
The reported holdings are classified as direct ownership. The transactions list ownership type as “D” for direct, and there are no footnotes indicating third-party entities or disclaimers of voting or investment authority over the awarded securities.