Form 4: Fortune Brands Innovations EVP & CTO Sheri Grissom Reports Stock Transaction
SEC Form 4 Filing
Sheri Grissom, EVP & CTO of Fortune Brands Innovations, reports a transaction involving common stock due to tax withholding upon vesting of an award.
Summary
- On July 1, 2024, Sheri Grissom, EVP & CTO of Fortune Brands Innovations, engaged in a transaction involving the company's common stock.
- The transaction involved the withholding of 180 shares by the issuer to cover withholding taxes payable upon the vesting of an award, at a price of $63.44 per share.
- Following the transaction, Grissom directly owns 71,089 shares of common stock and indirectly owns 250 shares held by a charitable foundation.
- The reported transaction was filed on July 2, 2024.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a standard tax withholding transaction, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their transactions in company stock.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it relates to tax obligations of an executive.
Key Dates
| Date | Description |
|---|---|
| 07/01/2024 | Date of stock transaction (tax withholding) |
| 07/02/2024 | Date of Form 4 filing |
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