Edward P. Garden (NYSE: FBIN) reports indirect stock grant and large holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GARDEN EDWARD P reported acquisition or exercise transactions in this Form 4 filing.
Fortune Brands Innovations director Edward P. Garden reported an indirect stock grant and updated indirect holdings of common stock. An entity associated with him, Garden Investment Management, L.P., received a grant of 4,765 shares of common stock at $0.00 per share under the company’s Long-Term Incentive Plan, reflecting equity-based compensation rather than an open-market purchase.
Separately, entities GI SPV II L.P. and Green 73 LLC are shown holding 3,527,608 shares of common stock indirectly associated with Mr. Garden. He may be deemed to beneficially own these securities through his management roles but disclaims beneficial ownership beyond his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
GARDEN EDWARD P
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, Par Value $0.01 | 4,765 | $0.00 | -- |
| holding | Common Stock, Par Value $0.01 | -- | -- | -- |
Holdings After Transaction:
Common Stock, Par Value $0.01 — 4,765 shares (Indirect, Held by Garden Investment Management, L.P.)
Footnotes (1)
- Reflects a grant of stock under the issuer's Long-Term Incentive Plan. Reflects securities held directly by GI SPV II L.P. ("GI SPV II") and Green 73 LLC. GI SPV II is the manager of Green 73 LLC. Mr. Garden is the sole member of Garden Investment Management GP, LLC, which serves as the general partner of Garden Investment Management, L.P., which serves as the management company for GI SPV II. Accordingly, Mr. Garden may be deemed to indirectly beneficially own (as that term is defined in Rule 16a-1(a) under the Securities Exchange Act of 1934, as amended (the "Exchange Act")) the securities of the Issuer beneficially owned by GI SPV II. Mr. Garden disclaims beneficial ownership of such securities except to the extent of his pecuniary interests therein, and this report shall not be deemed an admission that Mr. Garden is the beneficial owner of such securities for purposes of Section 16 of the Exchange Act or for any other purpose.
Key Figures
Stock grant: 4,765 shares
Grant price: $0.00 per share
Indirect holdings (GI SPV II & Green 73 LLC): 3,527,608 shares
+1 more
4 metrics
Stock grant
4,765 shares
Indirect grant under Long-Term Incentive Plan
Grant price
$0.00 per share
Price of 4,765-share stock grant
Indirect holdings (GI SPV II & Green 73 LLC)
3,527,608 shares
Common stock indirectly associated with Edward P. Garden
Transaction date
May 5, 2026
Date of reported grant and holdings update
Key Terms
Long-Term Incentive Plan, beneficially own, pecuniary interests, Rule 16a-1(a), +1 more
5 terms
Long-Term Incentive Plan financial
"Reflects a grant of stock under the issuer's Long-Term Incentive Plan."
A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.
beneficially own regulatory
"Mr. Garden may be deemed to indirectly beneficially own the securities of the Issuer..."
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
pecuniary interests financial
"Mr. Garden disclaims beneficial ownership of such securities except to the extent of his pecuniary interests therein..."
Rule 16a-1(a) regulatory
"as that term is defined in Rule 16a-1(a) under the Securities Exchange Act of 1934..."
Section 16 regulatory
"for purposes of Section 16 of the Exchange Act or for any other purpose."
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
What did Edward P. Garden report in this FBIN Form 4 filing?
Edward P. Garden reported an indirect grant of 4,765 shares of Fortune Brands Innovations common stock under the Long-Term Incentive Plan, plus updated indirect holdings of 3,527,608 shares held by entities associated with him, reflecting compensation and existing investment exposure rather than open-market trading.
What is the nature of the stock grant reported for Fortune Brands Innovations (FBIN)?
The filing states that the 4,765-share grant reflects stock issued under Fortune Brands Innovations’ Long-Term Incentive Plan. This indicates equity compensation to an entity associated with Edward P. Garden, rather than a market transaction, and is recorded as an indirect award acquisition.