MasterBrand (NYSE: MBC) EVP nets stock award with tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MasterBrand EVP Navneet Grewal reported equity award activity involving common stock. On February 11, 2026, Grewal acquired 47,080 shares of MasterBrand common stock at $0 per share as the settlement of performance share awards earned at 170% of target over a three-year period.
On the same date, 20,413 shares were withheld at a price of $13.82 per share to cover withholding taxes due when the award vested, described as a tax-withholding disposition under Rule 16b-3(e). After these transactions, Grewal directly beneficially owned 167,057 shares, including 50,964 restricted stock units that have not yet vested.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Grewal Navneet
Role
EVP, Chief Digital & Tech Off.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.01 per share | 47,080 | $0.00 | -- |
| Tax Withholding | Common Stock, par value $0.01 per share | 20,413 | $13.82 | $282K |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 187,470 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 50,964 restricted stock units that have not yet vested.