Form 4: Fortune Brands Innovations Director Irial Finan Reports Stock Grant

Director Irial Finan reports acquisition of 2,197 shares of Fortune Brands Innovations common stock through a grant under the company's Long-Term Incentive Plan.

Summary

• On May 7, 2024, Irial Finan, a director of Fortune Brands Innovations, acquired 2,197 shares of common stock.
• The acquisition was a grant under the Issuer's Long-Term Incentive Plan, with receipt deferred pursuant to the Issuer's Non-Employee Director Deferred Compensation Plan.
• Following the transaction, Mr. Finan beneficially owns 16,018 shares of Fortune Brands Innovations common stock, including 7,441 shares with deferred receipt until the January following the year he ceases to be a board member.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing a routine stock grant to a director. It doesn't inherently convey positive or negative sentiment.

Positives

• The grant of stock under the Long-Term Incentive Plan aligns the director's interests with those of the shareholders.
• Deferred compensation plans can be tax-efficient for both the company and the director.

Industry Context

This filing is a routine disclosure related to director compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

• The stock grant aligns the director's interests with those of shareholders, potentially encouraging decisions that benefit the company's long-term performance.

Key Dates