Masco (NYSE: MAS) legal chief exercises options and sells common stock
Rhea-AI Filing Summary
Masco Corporation executive Kenneth G. Cole, VP, General Counsel and Secretary, reported multiple equity transactions dated February 12, 2026. He exercised employee stock options for 27,790 shares of common stock at an exercise price of $33.75 and 24,110 shares at $42.13, converting them into common shares.
Cole also received 9,285 shares in connection with the vesting of performance stock units awarded in 2023 and an additional 4,310 shares, both at a stated price of $0.0000 per share. On the same date, 2,589 shares were disposed of at $77.54 to cover tax or exercise-related obligations.
He then sold 24,110 shares at a weighted average price of $77.0008 and 27,790 shares at a weighted average price of $77.0608 in open-market transactions. Following these transactions, Cole directly owned 41,371 shares and indirectly held 10,000 shares through the 2025 Trust, for which he is the sole trustee and in which he and his descendants are beneficiaries. He was also granted a new option for 13,520 shares at an exercise price of $77.54, exercisable in three approximately equal annual installments beginning February 12, 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option | 24,110 | $0.00 | -- |
| Exercise | Employee Stock Option | 27,790 | $0.00 | -- |
| Grant/Award | Employee Stock Option | 13,520 | $0.00 | -- |
| Exercise | Common Stock | 27,790 | $33.75 | $938K |
| Exercise | Common Stock | 24,110 | $42.13 | $1.02M |
| Grant/Award | Common Stock | 9,285 | $0.00 | -- |
| Grant/Award | Common Stock | 4,310 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,589 | $77.54 | $201K |
| Sale | Common Stock | 24,110 | $77.0008 | $1.86M |
| Sale | Common Stock | 27,790 | $77.0608 | $2.14M |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Shares reported in this column represent shares awarded in connection with the vesting of performance stock units awarded in 2023, as certified by the Compensation and Talent Committee on February 6, 2026. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $77.00 to $77.01, inclusive. The reporting person undertakes to provide to Masco Corporation, any security holder of Masco Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (2) and (3) to this Form 4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $77.05 to $77.08, inclusive. The reporting person is the sole trustee and the reporting person and his children and their issue are the beneficiaries of the 2025 Trust. This footnote corrects the description of the 2025 Trust on the Form 4 filed by the reporting person on December 12, 2025. This option became exercisable in five equal annual installments commencing February 9, 2019. Grant of option under the Masco Corporation 2014 Long Term Stock Incentive Plan in transactions exempt under Rule 16b-3. This option became exercisable in five equal annual installments commencing February 10, 2018. This option is exercisable in three approximately equal annual installments commencing February 12, 2027. Grant of option under the Masco Corporation 2024 Long Term Stock Incentive Plan in transactions exempt under Rule 16b-3.
