Fortune Brands CFO gets 130,000 performance stock units
The awards also set vesting schedules for the restricted stock units and options, while performance units depend on stock-price hurdles.
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Rhea-AI Filing Summary
Fortune Brands Innovations, Inc. (FBIN) reported equity awards to EVP & CFO Peter G. Clifford on September 28, 2026: 3,651 restricted stock units, options covering 10,212 shares under the Long-Term Incentive Plan, options covering 65,000 shares under an Inducement Stock Option Award, and 130,000 performance stock units.
Both option grants have an exercise price of $38.43 per share and expire September 28, 2036.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Options (Right to Buy) F3, F4 | 10,212 | $0.00 | $0.00 |
| Grant/Award | Options (Right to Buy) F5, F4 | 65,000 | $0.00 | $0.00 |
| Grant/Award | Performance Stock Units F6, F7 | 130,000 | $0.00 | $0.00 |
| Grant/Award | Common Stock, Par Value $0.01 F1, F2 | 3,651 | $0.00 | $0.00 |
Footnotes (7)
- F1. Reflects the grant of restricted stock units awarded under the issuer's Long-Term Incentive Plan to the reporting person that vest in three equal annual installments beginning on September 28, 2027, subject to continued employment through such vesting dates. Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock.
- F2. Represents a total of 3,651 restricted stock units that have not yet vested.
- F3. Reflects the grant of options under the issuer's Long-Term Incentive Plan.
- F4. The options vest in three equal annual installments beginning on September 28, 2027.
- F5. Reflects the grant of options under the issuer's Inducement Stock Option Award.
- F6. Reflects the grant of performance stock units under the Issuer's Inducement Performance Share Award. Each performance stock unit granted represents a contingent right to receive one share of the issuer's common stock.
- F7. The performance stock units vest in 50% increments on the third anniversary and fourth anniversary of the grant date and are earned based on the achievement of specified stock price performance hurdles during a three-year performance period beginning on September 28, 2026 and ending on September 28, 2029, subject to continued employment.
Key Figures
Key Terms
restricted stock units financial
Long-Term Incentive Plan financial
Inducement Stock Option Award financial
performance stock units financial
stock price performance hurdles financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity awards did FBIN CFO Peter G. Clifford receive?
How do Peter G. Clifford’s FBIN options and restricted stock units vest?
What conditions apply to Peter G. Clifford’s FBIN performance stock units?
AI-generated analysis. How Rhea-AI works. Not financial advice.