MasterBrand EVP has shares withheld for taxes
MasterBrand, Inc. EVP Navneet Grewal had shares withheld for taxes related to a vesting equity award.
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Rhea-AI Filing Summary
MasterBrand, Inc. EVP Navneet Grewal had shares withheld for taxes related to a vesting equity award. On this transaction, 10,790 shares of common stock were disposed of to cover withholding taxes rather than sold on the open market. After this tax-withholding transaction, Grewal directly owns 156,267 common shares, including 25,573 restricted stock units that have not yet vested.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock, par value $0.01 per share | 10,790 | $10.12 | $109K |
Footnotes (2)
- F1. 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).
- F2. Includes 25,573 restricted stock units that have not yet vested.
FAQ
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Was the MasterBrand (MBC) Form 4 transaction an open-market sale?
What does transaction code F mean in the MasterBrand (MBC) Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.