Form 4: Fortune Brands Innovations Director Acquires Shares Through Deferred Compensation Plan
SEC Form 4 Filing
Irial Finan, a director at Fortune Brands Innovations, acquired 361 shares of common stock through the company's Deferred Compensation Plan on April 1, 2024.
Summary
- On April 1, 2024, Irial Finan, a director of Fortune Brands Innovations, acquired 361 shares of common stock.
- The acquisition was made through the issuer's Deferred Compensation Plan in lieu of cash compensation.
- The price per share was $0.
- Following the transaction, Mr. Finan beneficially owns 13,821 shares, including 5,244 shares deferred until the January following the year he ceases to be a board member.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It reflects a routine transaction related to director compensation. There is no indication of significant positive or negative implications.
Positives
- The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future.
Industry Context
Directors commonly receive shares as part of their compensation packages. This is a standard practice to align the interests of the directors with those of the shareholders.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of transaction: Irial Finan acquired 361 shares of common stock. |
| 04/02/2024 | Date of report filing. |
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