Form 4: Fortune Brands Innovations Executive Ron Wilson Reports Stock Transaction
SEC Form 4 Filing
Ron Wilson, EVP and Chief Supply Chain Officer of Fortune Brands Innovations, reports the disposal of 604 shares of common stock to cover tax obligations related to vested restricted stock units.
Summary
- On February 28, 2024, Ron Wilson, EVP and Chief Supply Chain Officer of Fortune Brands Innovations, disposed of 604 shares of common stock.
- The transaction was executed to cover withholding taxes payable at the time restricted stock units vested.
- The shares were disposed of at a price of $80.89 per share.
- Following the transaction, Wilson beneficially owns 11,566 shares of Fortune Brands Innovations, including 4,927 unvested restricted stock units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to an executive's stock transaction for tax purposes. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders trade their company's stock. This filing indicates a routine transaction related to executive compensation and tax obligations.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, as it is a routine sale of shares by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/28/2024 | Date of stock transaction (disposal of shares). |
| 02/29/2024 | Date of signature on the Form 4 filing. |
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