Fortune Brands (NYSE: FBIN) exec reports 257-share tax withholding
Rhea-AI Filing Summary
Fortune Brands Innovations, Inc. executive Karen Ries, SVP & Chief Accounting Officer, reported a tax-withholding disposition of 257 shares of common stock on July 31, 2026. The issuer withheld these shares to cover withholding taxes at a fair market value of $49.26 per share when an equity award vested, in a transaction exempt under Rule 16b-3(e). After this transaction she directly holds 10,365 shares, including 7,906 restricted stock units that have not yet vested.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 257 shares
Net Sell
1 txn
Insider
Ries Karen
Role
SVP & Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, Par Value $0.01 F1, F2 | 257 | $49.26 | $13K |
Holdings After Transaction:
Common Stock, Par Value $0.01 — 10,365 shares (Direct)
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 at the time the award vested and became payable, such transaction being exempt under Rule 16b-3(e).
- F2. Includes a total of 7,906 restricted stock units that have not yet vested.
Key Figures
Shares withheld for taxes: 257 shares
Fair market value per share: $49.26 per share
Shares held after transaction: 10,365 shares
+1 more
4 metrics
Shares withheld for taxes
257 shares
Common stock withheld on 2026-07-31 to cover tax liability on vested award
Fair market value per share
$49.26 per share
Value used to determine shares withheld for tax obligations
Shares held after transaction
10,365 shares
Direct holdings of Karen Ries after tax-withholding disposition
Unvested restricted stock units
7,906 RSUs
Restricted stock units included in total holdings that have not yet vested
Key Terms
Rule 16b-3(e), restricted stock units, withholding taxes, fair market value
4 terms
Rule 16b-3(e) regulatory
"such transaction being exempt under Rule 16b-3(e)"
restricted stock units financial
"Includes a total of 7,906 restricted stock units that have not yet vested"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
withholding taxes financial
"value equal to the withholding taxes payable by the undersigned"
Withholding taxes are amounts a payer or government takes out of payments — such as wages, interest, or dividends — before the recipient gets the money, functioning like a cashier keeping part of a bill to pay taxes on your behalf. For investors this matters because it reduces the cash they actually receive, affects net returns and yield calculations, and may require additional paperwork or treaty claims to recover or offset the withheld amount against final tax bills.
fair market value financial
"withholding by the issuer of shares having a fair market value equal"
The price a willing buyer and a willing seller would agree on for an asset or security when neither is under pressure and both have access to the same information. Think of it as the market’s neutral estimate of what something is worth, like the price two neighbors would settle on for a car after comparing similar listings. Investors care because fair market value guides buying and selling decisions, tax reporting, portfolio valuation, and how accurately company assets are reflected in financial statements.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Karen Ries report at Fortune Brands Innovations (FBIN)?
Karen Ries reported a tax-withholding disposition of 257 FBIN shares. The issuer withheld common stock at vesting of an equity award to cover withholding taxes, rather than executing an open-market sale, and the transaction is exempt under Rule 16b-3(e).
Was the FBIN insider transaction by Karen Ries an open-market sale?
No, it was not an open-market sale. The issuer withheld 257 shares of Fortune Brands Innovations (FBIN) common stock to satisfy tax withholding obligations when an equity award vested, as described in the Rule 16b-3(e) exemption footnote.
How many restricted stock units does Karen Ries have at Fortune Brands Innovations (FBIN)?
Karen Ries’s reported holdings include 7,906 restricted stock units in Fortune Brands Innovations (FBIN). These RSUs are part of her total 10,365-share position and are noted as awards that have not yet vested.
What is the significance of Rule 16b-3(e) in Karen Ries’s FBIN transaction?
Rule 16b-3(e) provides an exemption for certain issuer-related transactions. Karen Ries’s FBIN transaction qualifies because the issuer withheld shares to pay withholding taxes on a vested award, rather than her selling shares directly in the market.