Fortune Brands (NYSE: FBIN) EVP receives new stock options and RSUs
Rhea-AI Filing Summary
Novak Matthew Edward reported acquisition or exercise transactions in this Form 4 filing.
Fortune Brands Innovations, Inc. executive Matthew Edward Novak, EVP and Chief Supply Chain, reported equity awards that increase his direct stake in the company. On February 25, 2026, he received 8,017 options to buy common stock and a separate award of 7,251 shares of common stock at no purchase price, both classified as grants or awards rather than open-market transactions.
Footnotes explain that these grants include restricted stock units that vest in two and three equal annual installments, subject to his continued employment, and that the options vest in three equal annual installments beginning on February 28, 2027. Following these awards, his reported direct common stock holdings increased, alongside a pool of restricted stock units that have not yet vested.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Options (Right to Buy) | 8,017 | $0.00 | -- |
| Grant/Award | Common Stock, Par Value $0.01 | 7,251 | $0.00 | -- |
Footnotes (1)
- Reflects a grant of 8,017 restricted stock units awarded to the reporting person that vest in three equal annual installments and a grant of 4,532 restricted stock units awarded to the reporting person that vest in two equal annual installments. Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock and vesting is subject to continued employment through the applicable vesting dates. Includes a total of 9,381 restricted stock units that have not yet vested. Reflects the grant of options under the issuer's Long-Term Incentive Plan. The options vest in three equal annual installments beginning on February 28, 2027.