Fortune Brands (FBIN) EVP gains 1,276 shares from vested performance award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Fortune Brands Innovations, Inc. executive Matthew Edward Novak, EVP and Chief Supply Chain, acquired 1,276 shares of common stock on February 10, 2026. The shares resulted from the vesting of performance share awards for the January 2023 to December 2025 period under the company’s Long-Term Incentive Plan at a price of $0.00 per share. After this transaction, Novak directly beneficially owns 4,664 common shares, and this figure includes 2,130 restricted stock units that have not yet vested.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Novak Matthew Edward
Role
EVP, Chief Supply Chain
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, Par Value $0.01 | 1,276 | $0.00 | -- |
Holdings After Transaction:
Common Stock, Par Value $0.01 — 4,664 shares (Direct)
Footnotes (1)
- Reflects the vesting of performance share awards for the January 2023 to December 2025 performance period under the issuer's Long-Term Incentive Plan in a transaction that is exempt under Rule 16b-3(d). Includes a total of 2,130 restricted stock units that have not yet vested.
FAQ
What insider transaction did FBIN report for Matthew Edward Novak?
Fortune Brands Innovations reported that executive Matthew Edward Novak acquired 1,276 shares of common stock on February 10, 2026. The acquisition came from vesting performance share awards under the Long-Term Incentive Plan and was recorded as a grant-type transaction at no cash cost per share.
How many restricted stock units does Matthew Novak hold at FBIN that are unvested?
The filing states that Matthew Novak’s holdings include 2,130 restricted stock units that have not yet vested. These RSUs represent additional potential future shares of Fortune Brands Innovations common stock, subject to satisfying vesting conditions under the company’s equity incentive arrangements.
Is Matthew Novak’s FBIN insider transaction a buy or a grant?
The transaction is classified as a grant or award-type acquisition rather than an open-market buy. It uses transaction code “A” for an award, with 1,276 shares issued at $0.00 per share as vested performance share awards under the Long-Term Incentive Plan.