Form 4: Fortune Brands Innovations Executive Cheri M. Phyfer Reports Stock Transaction
SEC Form 4 Filing
Cheri M. Phyfer, an EVP at Fortune Brands Innovations, reported a transaction involving the withholding of shares to cover tax obligations upon vesting of an award.
Summary
- On February 28, 2024, Cheri M. Phyfer, an EVP at Fortune Brands Innovations, reported a transaction on SEC Form 4.
- The transaction involved the withholding of 3,010 shares of common stock at a price of $80.89 per share to cover withholding taxes.
- Following the transaction, Phyfer directly owns 76,007 shares of Fortune Brands Innovations.
- Phyfer also holds 24,452 restricted stock units that have not yet vested.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock transaction related to tax obligations. It doesn't inherently convey positive or negative sentiment about the company's performance or prospects.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders, like executives and directors, trade their company's stock. These filings provide transparency into insider transactions and can be monitored by investors for insights into management's perspective on the company's value.
Key Dates
| Date | Description |
|---|---|
| 02/28/2024 | Date of stock transaction |
| 02/29/2024 | Date of signature on the Form 4 filing |
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