Fortune Brands officer uses shares for tax withholding
Fortune Brands Innovations, Inc. senior vice president and chief accounting officer Karen Ries reported a small insider transaction related to equity compensation taxes.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock, Par Value $0.01 | 221 | $52.37 | $12K |
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 3,110 restricted stock units that have not yet vested.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Fortune Brands Innovations (FBIN) officer Karen Ries report?
What do the 3,110 unvested restricted stock units for Fortune Brands Innovations (FBIN) mean?
What does transaction code F indicate in the Fortune Brands Innovations (FBIN) Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.