Fortune Brands (NYSE: FBIN) EVP uses 1,757 shares to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Papesh Kristin
Role
EVP and CHRO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, Par Value $0.01 | 1,757 | $52.37 | $92K |
Holdings After Transaction:
Common Stock, Par Value $0.01 — 20,991 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 17,353 restricted stock units that have not yet vested.
FAQ
What insider transaction did FBIN executive Kristin Papesh report?
Kristin Papesh reported a tax-withholding disposition of 1,757 Fortune Brands Innovations shares. The issuer withheld these shares upon vesting of equity awards to satisfy tax obligations, rather than selling them on the open market, under an exemption in Rule 16b-3(e).
What do the unvested restricted stock units mean for FBIN’s Kristin Papesh?
Footnotes state Kristin Papesh’s holdings include 17,353 unvested restricted stock units in FBIN. These units represent potential future shares that will only be delivered if specified vesting conditions are met, so they are part of her reported stake but not yet freely tradable.