MasterBrand (MBC) grants 72,929 RSUs to Chief Digital & Tech Officer
Rhea-AI Filing Summary
Grewal Navneet reported acquisition or exercise transactions in this Form 4 filing.
MasterBrand, Inc. reported that EVP and Chief Digital & Tech Officer Navneet Grewal received a grant of 72,929 restricted stock units (RSUs) of common stock as equity compensation. Each RSU represents a right to receive one MasterBrand share if and when it vests.
According to the vesting schedule, 14,586 RSUs vest in equal one-third installments over three years beginning on June 3, 2027, and 58,343 RSUs vest in equal one-half installments on June 3, 2028 and June 3, 2029. After this grant, Grewal directly holds 286,842 shares, and this total includes 156,148 RSUs that have not yet vested, highlighting that a significant portion of the position is still subject to future service-based vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.01 per share | 72,929 | $0.00 | -- |
Footnotes (1)
- Represents shares of restricted stock units ("RSUs") granted to the reporting person. Each RSU represents a contingent right to receive one share of common stock of MasterBrand, Inc. The RSUs vest as follows: (i) 14,586 in equal one-third increments over three years beginning on June 3, 2027 and (ii) 58,343 in equal one-half increments on June 3, 2028 and June 3, 2029. Includes 156,148 RSUs that have not yet vested.