MasterBrand (MBC) EVP Wanninger receives performance shares, withholds stock for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MasterBrand EVP & Chief Operations Officer Kurt Wanninger reported equity award activity in company stock. On February 11, 2026, he acquired 42,799 shares of common stock at $0 as settlement of performance share awards that were earned at 170% of target over a three-year period and issued upon vesting.
On the same date, 18,966 shares were disposed of at $13.82 per share through a tax-withholding disposition, where shares were withheld by the company to cover withholding taxes when the award vested. After these transactions, he directly beneficially owned 219,297 shares, including restricted stock units, 401(k) holdings, and deferred shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Wanninger Kurt
Role
EVP & Chief Operations Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.01 per share | 42,799 | $0.00 | -- |
| Tax Withholding | Common Stock, par value $0.01 per share | 18,966 | $13.82 | $262K |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 238,263 shares (Direct)
Footnotes (1)
- Represents the settlement of performance share awards granted pursuant to Rule 16b-3 under the issuer's equity incentive plan. The awards were earned based on performance over a three-year period at 170% of target and issued upon vesting. Reflects the withholding by the issuer of shares having a fair market value equal to the withholding taxes payable by the undersigned at the time the award vested and became payable, such transaction being exempt under Rule 16b-3(e). Includes 35,522 restricted stock units that have not yet vested, 676 shares held in the issuer's 401(k) plan, and 40,348 shares, the receipt of which has been deferred under the issuer's deferred compensation plan.
FAQ
What insider transaction did MasterBrand (MBC) report for Kurt Wanninger?
MasterBrand reported that EVP & Chief Operations Officer Kurt Wanninger received a stock award and related tax-withholding transaction. He acquired shares from performance awards and had additional shares withheld by the company to satisfy tax obligations when those awards vested and became payable.
What type of equity award did Kurt Wanninger receive from MasterBrand (MBC)?
He received performance share awards granted under MasterBrand’s equity incentive plan. These awards were earned over a three-year period at 170% of target based on performance and were settled in shares of common stock upon vesting on February 11, 2026.