Fortune Brands Innovations (NYSE: FBIN) officer has shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Fortune Brands Innovations, Inc. senior vice president and chief accounting officer Karen Ries reported a small insider transaction related to equity compensation taxes. On the vesting of an equity award, the issuer withheld 221 shares of common stock at $52.37 per share to cover withholding taxes, a tax-withholding disposition rather than an open-market sale. After this transaction, Ries beneficially owns 4,949 shares of common stock, which includes 3,110 restricted stock units that have not yet vested.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Ries Karen
Role
SVP & Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, Par Value $0.01 | 221 | $52.37 | $12K |
Holdings After Transaction:
Common Stock, Par Value $0.01 — 4,949 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 at the time the award vested and became payable, such transaction being exempt under Rule 16b-3(e). Includes a total of 3,110 restricted stock units that have not yet vested.
FAQ
What insider transaction did Fortune Brands Innovations (FBIN) officer Karen Ries report?
Karen Ries reported a tax-withholding disposition of FBIN shares tied to a vesting equity award. The issuer withheld shares instead of cash to cover her withholding taxes when the award vested and became payable, a routine administrative transaction for equity compensation.
What do the 3,110 unvested restricted stock units for Fortune Brands Innovations (FBIN) mean?
The 3,110 unvested restricted stock units represent additional FBIN share-based awards granted to Karen Ries. These units will convert into shares only as they vest over time, so they are included in her beneficial ownership but are not yet fully vested, tradable common stock.
What does transaction code F indicate in the Fortune Brands Innovations (FBIN) Form 4?
Transaction code F indicates shares used to pay an exercise price or tax liability. In this FBIN filing, 221 shares were withheld by the issuer to cover withholding taxes on a vesting equity award, classed as a tax-withholding disposition under Rule 16b-3(e).