Fortune Brands EVP covers taxes with shares
Fortune Brands Innovations EVP and CHRO Kristin Papesh reported a tax-related share disposition.
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Rhea-AI Filing Summary
Fortune Brands Innovations EVP and CHRO Kristin Papesh reported a tax-related share disposition. On the vesting and settlement of equity awards, the issuer withheld 1,757 shares of common stock at $52.37 per share to cover withholding taxes, a transaction classified as a tax-withholding disposition rather than an open-market sale. After this withholding, she directly holds 20,991 common shares, which the footnotes state include 17,353 unvested restricted stock units.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock, Par Value $0.01 | 1,757 | $52.37 | $92K |
Footnotes (2)
- F1. 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).
- F2. Includes a total of 17,353 restricted stock units that have not yet vested.
FAQ
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What insider transaction did FBIN executive Kristin Papesh report?
What do the unvested restricted stock units mean for FBIN’s Kristin Papesh?
AI-generated analysis. How Rhea-AI works. Not financial advice.