Form 4: Fortune Brands Innovations CEO Nicholas Fink Reports Share Transactions
SEC Form 4 Filing
Nicholas Fink, CEO of Fortune Brands Innovations, reports the disposition and acquisition of company stock, including shares withheld for taxes and a transfer to a grantor annuity trust.
Summary
- Nicholas Fink, the CEO of Fortune Brands Innovations, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- On February 28, 2025, 29,181 shares were disposed of to cover withholding taxes at a price of $64.72 per share.
- Mr. Fink transferred 76,958 shares to the 2025 Grantor Retained Annuity Trust, for which he serves as Trustee.
- Following these transactions, Mr. Fink directly owns 180,625 shares of common stock.
- He also indirectly owns 11,671 shares held by trusts for the benefit of heirs and 32,007 shares held by the 2023 Grantor Retained Annuity Trust.
- Additionally, he indirectly owns 76,958 shares held by the 2025 Grantor Retained Annuity Trust.
- The reported holdings include 60,964 restricted stock units that have not yet vested.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company.
Key Dates
| Date | Description |
|---|---|
| 02/28/2025 | Date of stock disposition for tax withholding and transfer to Grantor Retained Annuity Trust |
| 03/04/2025 | Date of Form 4 filing |
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