Edward Garden entities boost Fortune Brands (NYSE: FBIN) stake with open-market buys

Filing Impact

(Very High)

Filing Sentiment

(Very Positive)

Form Type

Rhea-AI Filing Summary

Fortune Brands Innovations director Edward P. Garden, through affiliated entities, reported significant buying of company stock. Investment vehicles GI SPV II L.P. and Green 73 LLC executed open-market purchases of a combined 408,900 shares of common stock at weighted average prices of $33.28 and $33.40 per share.

Footnotes state these buys occurred across multiple trades, with prices ranging from $32.34 to $33.83 and from $33.14 to $33.64. A separate J-code entry reflects a pro rata, in-kind distribution of 373,741 shares by GI SPV II to a limited partner for no consideration, described as an internal reallocation.

After these transactions, GI SPV II and Green 73 LLC together hold 3,556,867 shares of Fortune Brands Innovations common stock, and an additional 4,765 shares are held indirectly through Garden Investment Management, L.P. Garden may be deemed to indirectly beneficially own these securities but disclaims beneficial ownership beyond his pecuniary interest.

Insights

Affiliated entities linked to director Edward Garden made substantial open-market share purchases while also reallocating holdings internally.

The filing shows GI SPV II L.P. and Green 73 LLC, entities associated with director Edward P. Garden, buying a net 408,900 shares of Fortune Brands Innovations common stock via open-market transactions at weighted average prices around the low‑$30s per share. These are direct cash purchases rather than option exercises.

There is also a J-code transaction: a pro rata, in-kind distribution of 373,741 shares by GI SPV II to a limited partner for no consideration, indicating internal restructuring rather than a market sale. The filing notes Garden may be deemed to indirectly beneficially own the securities held by GI SPV II, but he disclaims beneficial ownership beyond his pecuniary interests.

Post-transaction, GI SPV II and Green 73 LLC together hold 3,556,867 shares, and Garden Investment Management, L.P. holds 4,765 shares. The purchases expand the affiliated entities’ equity position, while the distribution reflects capital structure adjustments within the investment group rather than a change in aggregate exposure.

Insider Trade Summary

Net Buyer: 408,900 shares ($13,656,552)

Net Buy 4 txns

Insider GARDEN EDWARD P

Role null

Bought 408,900 shs ($13.66M)

Type	Security	Shares	Price	Value
Purchase	Common Stock, Par Value $0.01	5,900	$33.28	$196K
Other	Common Stock, Par Value $0.01	373,741	$0.00	--
Purchase	Common Stock, Par Value $0.01	403,000	$33.40	$13.46M
holding	Common Stock, Par Value $0.01	--	--	--

Holdings After Transaction: Common Stock, Par Value $0.01 — 3,562,767 shares (Indirect, Held by GI SPV II L.P. and Green 73 LLC)

Footnotes (1)

Represents shares of Common Stock distributed ratably by the Reporting Person to a limited partnership for no consideration. The reported transaction reflects a pro rata, in kind distribution by GI SPV II L.P. ("GI SPV II") to a limited partner for no consideration. Reflects securities held directly by GI SPV II and Green 73 LLC. GI SPV II is the manager of Green 73 LLC. Mr. Garden is the sole member of Garden Investment Management GP, LLC, which serves as the general partner of Garden Investment Management, L.P., which serves as the management company for GI SPV II. Accordingly, Mr. Garden may be deemed to indirectly beneficially own (as that term is defined in Rule 16a-1(a) under the Securities Exchange Act of 1934, as amended (the "Exchange Act")) the securities of the Issuer beneficially owned by GI SPV II. Mr. Garden disclaims beneficial ownership of such securities except to the extent of his pecuniary interests therein, and this report shall not be deemed an admission that Mr. Garden is the beneficial owner of such securities for purposes of Section 16 of the Exchange Act or for any other purpose. The price reported is the weighted average price. These shares were purchased in multiple transactions at prices ranging from $32.34 to $33.83, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote. The price reported is the weighted average price. These shares were purchased in multiple transactions at prices ranging from $33.14 to $33.64, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote. Reflects a prior grant of stock under the issuer's Long-Term Incentive Plan.

Key Figures

Open-market purchases: 408,900 shares Weighted average price 1: $33.28 per share Weighted average price 2: $33.40 per share +5 more

8 metrics

Open-market purchases 408,900 shares Total buyShares across two P-code transactions

Weighted average price 1 $33.28 per share Purchase on 2026-05-20 by GI SPV II and Green 73 LLC

Weighted average price 2 $33.40 per share Purchase on 2026-05-19 by GI SPV II and Green 73 LLC

Price range 1 $32.34–$33.83 Detailed range for one purchase block (footnote F4)

Price range 2 $33.14–$33.64 Detailed range for second purchase block (footnote F5)

Post-transaction holdings (GI SPV II & Green 73) 3,556,867 shares Total shares following main block of transactions

In-kind distribution 373,741 shares Pro rata distribution by GI SPV II for no consideration (J-code)

Additional indirect holding 4,765 shares Held by Garden Investment Management, L.P. after holding entry

Key Terms

open-market purchase, weighted average price, pro rata, in kind distribution, beneficially own, +2 more

6 terms

open-market purchase financial

"transaction_action": "open-market purchase""

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

weighted average price financial

"The price reported is the weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

pro rata, in kind distribution financial

"a pro rata, in kind distribution by GI SPV II L.P."

beneficially own financial

"may be deemed to indirectly beneficially own the securities"

Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.

pecuniary interests financial

"disclaims beneficial ownership of such securities except to the extent of his pecuniary interests"

Long-Term Incentive Plan financial

"Reflects a prior grant of stock 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.

Form 4 Insider Transactions: What Each Field Means →

05/20/2026 - 09:29 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

GARDEN EDWARD P

(Last)

(First)

(Middle)

FORTUNE BRANDS INNOVATIONS, INC.

1 HORIZON WAY, BUILDING N

(Street)

DEERFIELD

ILLINOIS

60015

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Fortune Brands Innovations, Inc. [ FBIN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/19/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, Par Value $0.01	05/19/2026		J⁽¹⁾		373,741	D	$0⁽²⁾	3,153,867	I	Held by GI SPV II L.P. and Green 73 LLC⁽³⁾
Common Stock, Par Value $0.01	05/19/2026		P		403,000	A	$33.4⁽⁴⁾	3,556,867	I	Held by GI SPV II L.P. and Green 73 LLC⁽³⁾
Common Stock, Par Value $0.01	05/20/2026		P		5,900	A	$33.28⁽⁵⁾	3,562,767	I	Held by GI SPV II L.P. and Green 73 LLC⁽³⁾
Common Stock, Par Value $0.01								4,765⁽⁶⁾	I	Held by Garden Investment Management, L.P.

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents shares of Common Stock distributed ratably by the Reporting Person to a limited partnership for no consideration.

2. The reported transaction reflects a pro rata, in kind distribution by GI SPV II L.P. ("GI SPV II") to a limited partner for no consideration.

3. Reflects securities held directly by GI SPV II and Green 73 LLC. GI SPV II is the manager of Green 73 LLC. Mr. Garden is the sole member of Garden Investment Management GP, LLC, which serves as the general partner of Garden Investment Management, L.P., which serves as the management company for GI SPV II. Accordingly, Mr. Garden may be deemed to indirectly beneficially own (as that term is defined in Rule 16a-1(a) under the Securities Exchange Act of 1934, as amended (the "Exchange Act")) the securities of the Issuer beneficially owned by GI SPV II. Mr. Garden disclaims beneficial ownership of such securities except to the extent of his pecuniary interests therein, and this report shall not be deemed an admission that Mr. Garden is the beneficial owner of such securities for purposes of Section 16 of the Exchange Act or for any other purpose.

4. The price reported is the weighted average price. These shares were purchased in multiple transactions at prices ranging from $32.34 to $33.83, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

5. The price reported is the weighted average price. These shares were purchased in multiple transactions at prices ranging from $33.14 to $33.64, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

6. Reflects a prior grant of stock under the issuer's Long-Term Incentive Plan.

	/s/ Chad Fauser, Attorney-in-Fact for Edward P. Garden	05/20/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Edward P. Garden report in FBIN stock?

Edward P. Garden reported indirect activity through affiliated entities. GI SPV II L.P. and Green 73 LLC bought 408,900 Fortune Brands Innovations shares in open-market transactions and also made a pro rata, in-kind distribution of 373,741 shares to a limited partner for no consideration.

How many Fortune Brands Innovations (FBIN) shares were purchased in the latest Form 4?

Affiliated entities GI SPV II L.P. and Green 73 LLC purchased a combined 408,900 shares of Fortune Brands Innovations common stock. These open-market purchases were executed at weighted average prices of $33.28 and $33.40 per share across multiple trades within specified price ranges.

At what prices were the FBIN shares bought by entities linked to Edward Garden?

The filing reports weighted average purchase prices of $33.28 and $33.40 per share. Footnotes explain these reflect multiple trades, with price ranges from $32.34 to $33.83 and from $33.14 to $33.64 per share for the respective purchase blocks.

What does the J-code transaction in the FBIN Form 4 represent?

The J-code transaction reflects a pro rata, in-kind distribution of 373,741 FBIN shares by GI SPV II L.P. to a limited partner for no consideration. This is described as an internal reallocation of existing holdings, not an open-market sale or purchase of shares.

How many FBIN shares do entities associated with Edward Garden hold after these transactions?

After the reported transactions, GI SPV II L.P. and Green 73 LLC together hold 3,556,867 Fortune Brands Innovations shares, and Garden Investment Management, L.P. holds 4,765 shares. The filing notes Edward Garden may be deemed to indirectly beneficially own these securities, subject to his pecuniary interest.

Are the FBIN shares held directly by Edward P. Garden or through entities?

The shares are held indirectly through entities including GI SPV II L.P., Green 73 LLC, and Garden Investment Management, L.P. The filing states Garden may be deemed to indirectly beneficially own these securities but disclaims beneficial ownership except to the extent of his pecuniary interests.