MasterBrand (MBC) EVP Navneet Grewal reports tax-withholding share disposition
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Grewal Navneet
Role
EVP, Chief Digital & Tech Off.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, par value $0.01 per share | 10,790 | $10.12 | $109K |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 156,267 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 25,573 restricted stock units that have not yet vested.
FAQ
Was the MasterBrand (MBC) Form 4 transaction an open-market sale?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale. 10,790 shares were withheld by MasterBrand to cover Grewal’s tax obligations when restricted stock vested, as described under transaction code F and the related footnote.
What does transaction code F mean in the MasterBrand (MBC) Form 4?
Transaction code F indicates a tax-withholding disposition of shares. In this case, 10,790 MasterBrand shares were withheld by the issuer to pay withholding taxes due at vesting, rather than being bought or sold on the open market.