Equity grant boosts Fortune Brands (NYSE: FBIN) interim CFO RSU holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
George Ashley E. reported acquisition or exercise transactions in this Form 4 filing.
Fortune Brands Innovations, Inc. reported that Interim CFO George Ashley E. received a grant of 6,829 restricted stock units. These RSUs vest in three equal annual installments, subject to continued employment and pro-rating. Following the award, he directly holds 13,106 shares and units, including 11,809 unvested RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
George Ashley E.
Role
Interim CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, Par Value $0.01 | 6,829 | $0.00 | -- |
Holdings After Transaction:
Common Stock, Par Value $0.01 — 13,106 shares (Direct, null)
Footnotes (1)
- Reflects the grant of restricted stock units awarded to the reporting person that vest in three equal annual installments, subject to continued employment through such vesting dates and pro-rated for service. Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock. Includes a total of 11,809 restricted stock units that have not yet vested.
Key Figures
RSUs granted: 6,829 units
Shares and units after grant: 13,106 shares/units
Unvested RSUs included: 11,809 units
+1 more
4 metrics
RSUs granted
6,829 units
Restricted stock units granted on 2026-05-04
Shares and units after grant
13,106 shares/units
Total direct holdings following transaction
Unvested RSUs included
11,809 units
Restricted stock units that have not yet vested
Grant price
$0.00 per share
Equity award granted at no cash cost
Key Terms
restricted stock units, vest in three equal annual installments, contingent right, have not yet vested
4 terms
restricted stock units financial
"Reflects the grant of restricted stock units awarded to the reporting person"
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.
vest in three equal annual installments financial
"that vest in three equal annual installments, subject to continued employment"
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share"
have not yet vested financial
"Includes a total of 11,809 restricted stock units that have not yet vested"
FAQ
What insider transaction did Fortune Brands Innovations (FBIN) report for its interim CFO?
Fortune Brands Innovations reported that Interim CFO George Ashley E. received 6,829 restricted stock units as equity compensation. The RSUs were granted at no cash cost and represent a contingent right to receive common shares over time, subject to vesting conditions and continued employment.
How do the 6,829 restricted stock units for FBIN’s interim CFO vest?
The 6,829 restricted stock units vest in three equal annual installments, subject to the interim CFO’s continued employment and pro-rated service. This means one-third of the units convert into common shares each year over three years, aligning compensation with ongoing service to Fortune Brands Innovations.
Does the Form 4 for FBIN’s interim CFO indicate any stock sales or disposals?
The Form 4 shows only an acquisition classified as a grant or award of 6,829 restricted stock units to the interim CFO. There are no reported sales, tax withholding dispositions, gifts, or other disposals in this filing, making it a routine equity compensation entry rather than a sale transaction.