Fortune Brands (NYSE: FBIN) COO receives 25,000 long-term stock options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Fortune Brands Innovations, Inc. reported that Chief Operating Officer Barry David V. received a grant of stock options under the company’s Long-Term Incentive Plan. The award covers 25,000 options to buy common stock at an exercise price of $53.93 per share and expires on July 1, 2036.
The options vest in three equal annual installments beginning on July 1, 2027, meaning the award becomes exercisable over time rather than all at once. Following this grant, Barry David V. holds 25,000 options directly, aligning his compensation more closely with the company’s long-term share performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Barry David V.
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Options (Right to Buy) | 25,000 | $0.00 | -- |
Holdings After Transaction:
Options (Right to Buy) — 25,000 shares (Direct, null)
Footnotes (1)
- Reflects the grant of options under the issuer's Long-Term Incentive Plan. The options vest in three equal annual installments beginning on July 1, 2027.
Key Figures
Options granted: 25,000 options
Exercise price: $53.93 per share
Expiration date: July 1, 2036
+3 more
6 metrics
Options granted
25,000 options
Grant under Long-Term Incentive Plan
Exercise price
$53.93 per share
Strike price for options on common stock
Expiration date
July 1, 2036
Options lapse if not exercised by this date
Underlying shares
25,000 shares
Common stock underlying the options
Vesting schedule
3 equal annual installments
Beginning July 1, 2027
Post-grant option holdings
25,000 options
Total options held following this grant
Key Terms
Long-Term Incentive Plan, stock options, vest, exercise price
4 terms
Long-Term Incentive Plan financial
"Reflects the grant of options 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.
stock options financial
"Reflects the grant of options under the issuer's Long-Term Incentive Plan."
Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.
vest financial
"The options vest in three equal annual installments beginning on July 1, 2027."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
exercise price financial
"conversion_or_exercise_price": "53.9300""
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
FAQ
What did FBIN’s COO report in this Form 4 filing?
FBIN’s Chief Operating Officer Barry David V. reported receiving 25,000 stock options. These options were granted under the company’s Long-Term Incentive Plan and give him the right to buy common shares at a fixed exercise price over a future period.
How many stock options did FBIN grant to its COO Barry David V.?
FBIN granted Barry David V. 25,000 stock options. Each option allows him to purchase one share of common stock, creating potential upside if the share price rises above the $53.93 exercise price before the options expire in 2036.
What is the exercise price of the FBIN options granted to the COO?
The options granted to FBIN’s COO have an exercise price of $53.93 per share. This means he can buy common shares at $53.93 once the options vest, regardless of the market price, as long as the options are exercised before expiration.
When do the FBIN stock options granted to the COO begin vesting?
The options granted to FBIN’s COO begin vesting on July 1, 2027. Vesting occurs in three equal annual installments starting that date, so the grant becomes exercisable gradually over three years instead of becoming fully exercisable immediately.
When do the newly granted FBIN COO stock options expire?
The 25,000 stock options granted to FBIN’s COO expire on July 1, 2036. He must exercise any vested options before this expiration date, or they will lapse and no longer provide the right to purchase company common stock.
Are the FBIN COO’s options held directly or indirectly?
The 25,000 stock options reported by FBIN’s COO are held directly. The filing shows direct ownership with no indication of trusts, partnerships, or other entities, meaning the grant is attributed personally to Barry David V.