Fortune Brands (FBIN) SVP receives 5,673 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ries Karen reported acquisition or exercise transactions in this Form 4 filing.
Fortune Brands Innovations, Inc. reported that SVP & Chief Accounting Officer Karen Ries received a grant of 5,673 restricted stock units of common stock at no purchase price. Following this award, she holds 10,622 shares, including 8,783 restricted stock units that have not yet vested.
The new restricted stock units vest in two equal annual installments, subject to her continued employment through the vesting dates in 2027 and 2028. Each unit represents a contingent right to receive one share of common stock, making this a routine equity-based compensation grant rather than an open-market transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Ries Karen
Role
SVP & Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, Par Value $0.01 | 5,673 | $0.00 | -- |
Holdings After Transaction:
Common Stock, Par Value $0.01 — 10,622 shares (Direct)
Footnotes (1)
- Reflects the grant of restricted stock units awarded to the reporting person that vest in two equal annual installments, subject to continued employment through the applicable vesting dates in 2027 and 2028. Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock. Includes a total of 8,783 restricted stock units that have not yet vested.
FAQ
What insider transaction did FBIN disclose for Karen Ries on this Form 4?
FBIN disclosed that SVP & Chief Accounting Officer Karen Ries received a grant of 5,673 restricted stock units of common stock. This is a compensation-related equity award and not an open-market stock purchase or sale by the insider.
When do Karen Ries’s new FBIN restricted stock units vest?
The 5,673 restricted stock units granted to Karen Ries vest in two equal annual installments. Vesting is subject to her continued employment through the applicable vesting dates in 2027 and 2028, according to the Form 4 footnote disclosures.
How many FBIN restricted stock units held by Karen Ries are unvested?
The filing states that Karen Ries’s holdings include 8,783 restricted stock units that have not yet vested. Each restricted stock unit represents a contingent right to receive one share of Fortune Brands Innovations common stock in the future, subject to vesting conditions.
What type of security did FBIN grant to Karen Ries in this transaction?
FBIN granted restricted stock units tied to its common stock, par value $0.01 per share. Each restricted stock unit gives Karen Ries a contingent right to receive one share of common stock upon vesting, as described in the Form 4 footnotes.