Form 4: Fortune Brands Innovations Executive Cheri M. Phyfer Reports Stock Transactions
SEC Form 4 Filing
Cheri M. Phyfer, an EVP at Fortune Brands Innovations, reported the exercise of options and sale of company stock on March 5, 2024.
Summary
- On March 5, 2024, Cheri M. Phyfer, an EVP at Fortune Brands Innovations, exercised options to acquire 8,441 shares of common stock at a price of $41.42 per share.
- The same day, Phyfer sold 19,530 shares of common stock at a weighted average price of $81.6012, with prices ranging from $81.325 to $81.905.
- Following these transactions, Phyfer beneficially owns 64,918 shares of Fortune Brands Innovations common stock, which includes 24,452 unvested restricted stock units.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, as required by the SEC. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The transactions may have a minor impact on shareholders, reflecting insider sentiment and potential stock price movement.
Key Dates
| Date | Description |
|---|---|
| 02/28/2020 | Date options were exercisable |
| 03/05/2024 | Date of stock option exercise and stock sale transactions |
| 03/05/2029 | Expiration date of the options |
| 03/06/2024 | Date of Form 4 filing |
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