Form 4: Fortune Brands Innovations EVP & CFO David V. Barry Reports Share Withholding for Tax Obligations
SEC Form 4 Filing
David V. Barry, EVP & CFO of Fortune Brands Innovations, reports withholding of 698 shares to cover tax obligations upon vesting of an award.
Summary
- On July 31, 2024, David V. Barry, the EVP & CFO of Fortune Brands Innovations, had 698 shares of common stock withheld by the issuer to cover withholding taxes.
- The price per share for the transaction was $80.81.
- Following the transaction, Barry directly owns 19,871 shares of common stock and indirectly owns 2,495 shares through a Retirement Savings Plan.
- The directly held shares include 13,995 restricted stock units that have not yet vested.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction (share withholding for taxes) and doesn't indicate any significant positive or negative sentiment. It's a neutral disclosure required by regulations.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, ensuring fair market practices.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine tax-related share withholding.
Key Dates
| Date | Description |
|---|---|
| 07/31/2024 | Date of share withholding transaction. |
| 08/01/2024 | Date of signature by Attorney-in-Fact. |
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