MasterBrand (MBC) EVP Kendrick reports share awards and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MasterBrand EVP & Chief HR Officer Bruce Alan Kendrick reported equity award activity involving the company’s common stock. On February 11, 2026, he acquired 37,235 shares through settlement of performance share awards earned at 170% of target over a three-year period, issued upon vesting at $0 per share.
On the same date, 17,133 shares were disposed of at $13.82 per share to cover withholding taxes due when the award vested, a transaction treated as a tax-withholding disposition under Rule 16b-3(e). Following these transactions, Kendrick held 162,878 shares of common stock directly, including 36,124 restricted stock units that have not yet vested.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Kendrick Bruce Alan
Role
EVP & Chief HR Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.01 per share | 37,235 | $0.00 | -- |
| Tax Withholding | Common Stock, par value $0.01 per share | 17,133 | $13.82 | $237K |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 180,011 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 36,124 restricted stock units that have not yet vested.
FAQ
What insider transaction did MasterBrand (MBC) report for Bruce Alan Kendrick?
MasterBrand reported that EVP & Chief HR Officer Bruce Alan Kendrick received 37,235 common shares from vested performance awards, and 17,133 shares were withheld to cover taxes. After these transactions, he directly held 162,878 shares, including 36,124 unvested restricted stock units.
What performance level did Bruce Alan Kendrick’s MasterBrand (MBC) awards achieve?
Kendrick’s performance share awards were earned at 170% of target over a three-year period. This means the company’s performance versus the plan’s metrics exceeded the target level, resulting in more shares being issued when the awards vested.
What role does Bruce Alan Kendrick hold at MasterBrand (MBC) in this Form 4?
In this Form 4, Bruce Alan Kendrick is identified as MasterBrand’s Executive Vice President and Chief Human Resources Officer. The filing indicates he is an officer of the company, but not a director or 10% owner, and that he holds the reported shares directly.