MasterBrand CEO reports tax share withholding
MasterBrand, Inc. CEO & President R. David Banyard reported a tax-related share disposition.
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Rhea-AI Filing Summary
MasterBrand, Inc. CEO & President R. David Banyard reported a tax-related share disposition. On the vesting of an equity award, the issuer withheld 6,434 shares of common stock at a fair market value of $10.12 per share to cover withholding taxes. After this tax-withholding transaction, Banyard held a total of 1,361,897 shares, including 166,448 unvested restricted stock units and 446,819 shares deferred under the company’s deferred compensation plan. This was not an open-market sale but an automatic share withholding for tax purposes exempt under Rule 16b-3(e).
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock, par value $0.01 per share | 6,434 | $10.12 | $65K |
Footnotes (2)
- F1. 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).
- F2. Includes 166,448 restricted stock units that have not yet vested and 446,819 shares, the receipt of which has been deferred under the issuer's deferred compensation plan.
FAQ
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What did MasterBrand (MBC) CEO R. David Banyard report in this Form 4?
What do the footnotes in the MasterBrand (MBC) Form 4 explain about the CEO’s equity holdings?
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