MasterBrand (MBC) HR chief reports 7,456-share tax-withholding disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MasterBrand, Inc. executive Kendrick Bruce Alan reported a tax-related share disposition tied to equity compensation. On the transaction date, 7,456 shares of common stock at a price of $10.12 per share were withheld by the company to cover withholding taxes when an award vested and became payable, a transaction categorized as a tax-withholding disposition. After this withholding event, he reported beneficial ownership of 155,422 shares of common stock, which includes 18,459 restricted stock units that have not yet vested.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kendrick Bruce Alan
Role
EVP & Chief HR Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, par value $0.01 per share | 7,456 | $10.12 | $75K |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 155,422 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 18,459 restricted stock units that have not yet vested.
FAQ
What insider transaction did MasterBrand (MBC) report for Kendrick Bruce Alan?
MasterBrand executive Kendrick Bruce Alan reported a tax-withholding disposition of 7,456 common shares. The issuer withheld these shares at $10.12 each to cover taxes when an equity award vested and became payable under Rule 16b-3(e).
Was the MasterBrand (MBC) Form 4 transaction an open-market sale?
No, the Form 4 transaction was not an open-market sale. It was a tax-withholding disposition, where MasterBrand withheld shares to satisfy Kendrick Bruce Alan’s withholding tax obligations when his equity award vested.
What does the Form 4 footnote say about restricted stock units at MasterBrand (MBC)?
The Form 4 footnote states that the reported holdings include 18,459 restricted stock units that have not yet vested. These units represent future potential shares, contingent on vesting conditions being satisfied under the company’s equity compensation arrangements.
Under what rule was the MasterBrand (MBC) tax-withholding transaction exempt?
The tax-withholding transaction was described as exempt under Rule 16b-3(e). That rule generally covers issuer-directed transactions related to equity compensation, such as using shares to pay exercise prices or satisfy tax withholding obligations upon vesting.