MasterBrand (MBC) EVP Andrean Horton logs 11,706-share tax-withholding disposal
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MasterBrand, Inc. executive Andrean Horton reported a tax-withholding disposition of 11,706 shares of common stock at $10.12 per share. The shares were withheld by the company to cover taxes when an equity award vested. After this transaction, Horton beneficially owns 130,759 shares, including 22,365 unvested restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Horton Andrean
Role
EVP, CLO & Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, par value $0.01 per share | 11,706 | $10.12 | $118K |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 130,759 shares (Direct)
Footnotes (1)
- 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 22,365 restricted stock units that have not yet vested.
FAQ
What insider transaction did MasterBrand (MBC) report for Andrean Horton?
MasterBrand reported a tax-withholding disposition of 11,706 common shares for executive Andrean Horton. The company withheld these shares at $10.12 per share to cover taxes due when an equity award vested and became payable under Rule 16b-3(e).
Was the MasterBrand (MBC) insider transaction an open-market sale?
No, the transaction was not an open-market sale. It was a tax-withholding disposition where MasterBrand withheld 11,706 shares at $10.12 per share to satisfy Horton's withholding tax obligations when a stock award vested and became payable.
What does the Form 4 footnote disclose about MasterBrand (MBC) restricted stock units?
The footnote states that Andrean Horton’s holdings include 22,365 restricted stock units that have not yet vested. These units are part of her reported beneficial ownership total of 130,759 shares but will only settle into actual shares once their vesting conditions are met.