Entities tied to Fortune Brands (FBIN) director buy 320K shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Fortune Brands Innovations director-linked entities bought a large block of shares. On June 10, 2026, GI SPV II L.P. and Green 73 LLC, entities associated with Edward P. Garden, completed an open-market purchase of 320,067 shares of common stock at a weighted average price of $40.60 per share. After this transaction they held 3,940,234 shares indirectly, while 4,765 additional shares were held indirectly through Garden Investment Management, L.P. Mr. Garden may be deemed to beneficially own these securities through his roles in the related entities, but he disclaims beneficial ownership beyond his pecuniary interest.
Positive
- None.
Negative
- None.
Insights
Director-affiliated entities executed a sizable open-market share purchase.
Entities associated with director Edward P. Garden acquired 320,067 shares of Fortune Brands Innovations common stock in an open-market transaction at a weighted average price of $40.60 per share. Open-market purchases typically reflect a deliberate decision to increase economic exposure.
Following the transaction, GI SPV II L.P. and Green 73 LLC together held 3,940,234 shares indirectly, and Garden Investment Management, L.P. held 4,765 shares. The filing notes that Mr. Garden may be deemed to beneficially own these securities through the entities but disclaims beneficial ownership beyond his pecuniary interests.
Insider Trade Summary
Net Buyer: 320,067 shares ($12,994,720)
Net Buy
2 txns
Insider
GARDEN EDWARD P
Role
null
Bought
320,067 shs ($12.99M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock, Par Value $0.01 | 320,067 | $40.60 | $12.99M |
| holding | Common Stock, Par Value $0.01 | -- | -- | -- |
Holdings After Transaction:
Common Stock, Par Value $0.01 — 3,940,234 shares (Indirect, Held by GI SPV II L.P. and Green 73 LLC)
Footnotes (1)
- The price reported is the weighted average price. These shares were purchased in multiple transactions at prices ranging from $40.40 to $40.74, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote. 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. Reflects a prior grant of stock under the issuer's Long-Term Incentive Plan.
Key Figures
Shares purchased: 320,067 shares
Weighted average price: $40.60 per share
Post-transaction indirect holdings (GI SPV II & Green 73): 3,940,234 shares
+2 more
5 metrics
Shares purchased
320,067 shares
Open-market purchase on June 10, 2026
Weighted average price
$40.60 per share
Common stock purchase
Post-transaction indirect holdings (GI SPV II & Green 73)
3,940,234 shares
Indirect ownership after purchase
Additional indirect holdings
4,765 shares
Held by Garden Investment Management, L.P.
Price range of trades
$40.40–$40.74 per share
Range of prices for individual purchase trades
Key Terms
open-market purchase, weighted average price, beneficially own, pecuniary interests, +1 more
5 terms
open-market purchase financial
"Purchase in open market or private transaction"
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
weighted average price financial
"The price reported is the weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
beneficially own financial
"may be deemed to indirectly beneficially own the securities"
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
"disclaims beneficial ownership of such securities except to the extent of his pecuniary interests"
Long-Term Incentive Plan financial
"Reflects a prior 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.
FAQ
What insider transaction did Fortune Brands Innovations (FBIN) report for Edward P. Garden?
Fortune Brands Innovations reported that entities associated with director Edward P. Garden bought 320,067 shares of common stock in an open-market transaction. The weighted average purchase price was about $40.60 per share, increasing these entities’ indirect holdings in the company.
What does the Form 4 say about the nature of Edward P. Garden’s FBIN holdings?
The Form 4 classifies the reported Fortune Brands Innovations holdings as indirect. It explains these shares are held through investment entities he is associated with, and clarifies that he disclaims beneficial ownership of those securities except to the extent of his pecuniary interests.