Fortune Brands (NYSE: FBIN) EVP stock withheld to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Fortune Brands Innovations EVP John Dong Gu Lee reported a tax-related share transaction in company stock. On March 2, 2026, 4,545 shares of common stock at $52.37 per share were withheld by the company to cover withholding taxes due upon vesting and settlement of equity awards, rather than sold on the open market.
After this tax-withholding disposition, Lee directly holds 58,032 shares of common stock, which the filing notes includes 19,806 restricted stock units that have not yet vested.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Lee John Dong Gu
Role
EVP Chief Digiital Innovation
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, Par Value $0.01 | 4,545 | $52.37 | $238K |
Holdings After Transaction:
Common Stock, Par Value $0.01 — 58,032 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 19,806 restricted stock units that have not yet vested.
FAQ
What insider transaction did FBIN executive John Dong Gu Lee report?
Executive John Dong Gu Lee reported a tax-withholding disposition of 4,545 FBIN common shares. The shares were withheld by the company to pay taxes due on vested equity awards, rather than sold in an open-market transaction.
What does the transaction code F mean in the FBIN Form 4?
Transaction code F indicates a tax-withholding disposition, where shares are used to pay an exercise price or tax liability. In this case, Fortune Brands Innovations withheld 4,545 shares to satisfy the executive’s withholding taxes after equity awards vested.
Do John Dong Gu Lee’s FBIN holdings include unvested restricted stock units?
Yes. The Form 4 states his holdings include 19,806 restricted stock units that have not yet vested. These units represent equity awards that may convert into FBIN common shares in the future, subject to vesting conditions described in company award agreements.