Fortune Brands (NYSE: FBIN) EVP awarded stock options and RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Fortune Brands Innovations, Inc. executive Hiranda S. Donoghue, EVP Chief Legal & Secretary, reported equity awards consisting of stock options and restricted stock units. The filing shows a grant of 15,366 options with an exercise right to buy common shares, vesting in three equal annual installments beginning on February 28, 2027.
The report also shows an acquisition of 9,744 shares of common stock at a price of $0.00 per share, reflecting grants of restricted stock units that vest over two- and three-year schedules, subject to continued employment. Following these awards, Donoghue directly owns 36,999 common shares, including 17,440 restricted stock units that have not yet vested.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Donoghue Hiranda S
Role
EVP Chief Legal & Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Options (Right to Buy) | 15,366 | $0.00 | -- |
| Grant/Award | Common Stock, Par Value $0.01 | 9,744 | $0.00 | -- |
Holdings After Transaction:
Options (Right to Buy) — 15,366 shares (Direct);
Common Stock, Par Value $0.01 — 36,999 shares (Direct)
Footnotes (1)
- Reflects a grant of 5,212 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 17,440 restricted stock units that have not yet vested. Reflects a grant of stock under the issuer's Long-Term Incentive Plan. The options vest in three equal annual installments beginning on February 28, 2027.
FAQ
What insider transactions did FBIN executive Hiranda Donoghue report on this Form 4?
The Form 4 reports that Hiranda S. Donoghue received a grant of 15,366 stock options and 9,744 shares of common stock via restricted stock unit awards, all at $0.00 per share, as part of Fortune Brands Innovations’ long-term incentive compensation.
How many stock options were granted to the FBIN executive in this filing?
Hiranda S. Donoghue was granted 15,366 options, each representing a right to buy Fortune Brands Innovations common stock. According to the filing, these options vest in three equal annual installments beginning on February 28, 2027, under the company’s long-term incentive program.
What restricted stock unit awards did FBIN grant to Hiranda Donoghue?
The filing shows two restricted stock unit awards: 5,212 units vesting in three equal annual installments and 4,532 units vesting in two equal annual installments. Each unit converts into one share of Fortune Brands Innovations common stock if employment continues through the vesting dates.
When do the newly granted FBIN stock options to Hiranda Donoghue vest?
The filing states that the 15,366 stock options granted to Hiranda S. Donoghue vest in three equal annual installments beginning on February 28, 2027. Full vesting therefore occurs over three years, assuming continued employment with Fortune Brands Innovations.
Are the FBIN equity awards to Hiranda Donoghue part of a long-term incentive plan?
Yes. One footnote specifies that the stock grant is made under Fortune Brands Innovations’ Long-Term Incentive Plan. The awards, including options and restricted stock units, are structured to vest over multiple years, conditioned on Donoghue’s continued employment with the company.