Form 4: Fortune Brands Innovations Director Irial Finan Acquires Shares in Deferred Compensation Plan
SEC Form 4 Filing
Director Irial Finan acquired 342 shares of Fortune Brands Innovations common stock through the company's Deferred Compensation Plan.
Summary
- On October 2, 2024, Irial Finan, a director of Fortune Brands Innovations, acquired 342 shares of common stock.
- The shares were credited to Mr. Finan's deferred account in lieu of cash compensation earned for services as a Director pursuant to the issuer's Deferred Compensation Plan.
- Following the transaction, Mr. Finan beneficially owns 16,832 shares of Fortune Brands Innovations common stock, including 8,195 shares with deferred receipt until the January following the year he ceases to be a board member.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive as it reflects a director's continued investment in the company through a standard compensation plan.
Positives
- The director's participation in the Deferred Compensation Plan demonstrates alignment with the company's long-term performance.
Industry Context
This filing is a routine disclosure related to insider transactions and deferred compensation plans, which are common practices in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders as it is part of a pre-existing compensation plan.
Key Dates
| Date | Description |
|---|---|
| 10/02/2024 | Date of transaction: Irial Finan acquired 342 shares of Fortune Brands Innovations common stock. |
| 10/04/2024 | Date of report filing. |
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