Fortune Brands (NYSE: FBIN) executive has 260 shares withheld for taxes
Rhea-AI Filing Summary
Fortune Brands Innovations EVP Chief Digital Innovation Lee John Dong Gu reported a tax-withholding disposition of 260 shares of common stock on 2026-07-31 at $49.26 per share, covering taxes due when an equity award vested and became payable, a transaction exempt under Rule 16b-3(e). After this withholding, he directly holds 57,772 shares, including 19,220 unvested restricted stock units. The transaction was reported as not made under a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 260 shares
Net Sell
1 txn
Insider
Lee John Dong Gu
Role
EVP Chief Digiital Innovation
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, Par Value $0.01 F1, F2 | 260 | $49.26 | $13K |
Holdings After Transaction:
Common Stock, Par Value $0.01 — 57,772 shares (Direct)
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 19,220 restricted stock units that have not yet vested.
Key Figures
Shares withheld for taxes: 260 shares
Withholding price per share: $49.26 per share
Post-transaction direct holdings: 57,772 shares
+1 more
4 metrics
Shares withheld for taxes
260 shares
Common stock withheld on 2026-07-31 to satisfy tax liability on vesting award
Withholding price per share
$49.26 per share
Fair market value used for tax-withholding disposition of 260 shares
Post-transaction direct holdings
57,772 shares
Directly held Fortune Brands Innovations common stock after the transaction
Unvested restricted stock units
19,220 units
Restricted stock units included in reported direct holdings that have not yet vested
Key Terms
restricted stock units, withholding taxes, Rule 16b-3(e), fair market value
4 terms
restricted stock units financial
"Includes a total of 19,220 restricted stock units that have not yet vested"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
withholding taxes financial
"shares having a fair market value equal to the withholding taxes payable"
Withholding taxes are amounts a payer or government takes out of payments — such as wages, interest, or dividends — before the recipient gets the money, functioning like a cashier keeping part of a bill to pay taxes on your behalf. For investors this matters because it reduces the cash they actually receive, affects net returns and yield calculations, and may require additional paperwork or treaty claims to recover or offset the withheld amount against final tax bills.
Rule 16b-3(e) regulatory
"such transaction being exempt under Rule 16b-3(e)"
fair market value financial
"shares having a fair market value equal to the withholding taxes payable"
The price a willing buyer and a willing seller would agree on for an asset or security when neither is under pressure and both have access to the same information. Think of it as the market’s neutral estimate of what something is worth, like the price two neighbors would settle on for a car after comparing similar listings. Investors care because fair market value guides buying and selling decisions, tax reporting, portfolio valuation, and how accurately company assets are reflected in financial statements.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did FBIN executive Lee John Dong Gu report?
Lee John Dong Gu reported a tax-withholding disposition of 260 shares of Fortune Brands Innovations common stock at $49.26 per share. The shares were withheld to cover taxes due when an equity award vested and became payable, rather than an open-market sale.
Was the FBIN Form 4 transaction by Lee John Dong Gu an open-market sale?
No, the Form 4 shows a withholding of 260 shares to satisfy tax obligations on a vesting award. The footnote explains the issuer withheld shares with a fair market value equal to the withholding taxes payable, and the transaction is exempt under Rule 16b-3(e).
What portion of Lee John Dong Gu’s FBIN holdings are unvested restricted stock units?
Out of his 57,772 total reported shares, the footnote states that 19,220 are restricted stock units that have not yet vested. These unvested RSUs are included in the reported direct holdings figure following the tax-withholding transaction.