Form 4: Janus International Director Roger Fradin Transfers Shares to Trusts Following Transmutation Agreement

Director Roger Fradin of Janus International Group, Inc. transferred shares to grantor retained annuity trusts following a transmutation agreement with his spouse.

Summary

• Roger Fradin, a director at Janus International Group, Inc., has reported changes in his beneficial ownership of company stock.
• On December 12, 2024, Fradin and his spouse entered into a transmutation agreement, reclassifying 972,072 shares of JBI common stock previously held as community property.
• Following the agreement, 486,036 shares were designated as Fradin's separate property and contributed to the R JBI GRAT 2024 III trust.
• The other 486,036 shares were designated as his spouse's separate property and contributed to the S JBI GRAT 2024 III trust.
• Fradin maintains indirect beneficial ownership of the shares held in both trusts.
• Additionally, Fradin directly owns 46,283 shares of JBI common stock, including 22,966 restricted stock units that will vest on June 7, 2025.
• The transactions did not involve any sale of shares, and the shares remain held by the respective trusts.

Sentiment

Score: 5

Explanation: The document is a neutral report of stock ownership changes, with no positive or negative implications for the company's performance or outlook.

Industry Context

This filing is a routine disclosure of changes in beneficial ownership by a company director, which is a common practice in publicly traded companies. It does not indicate any specific trend or event within the industry.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders in the US, and this filing is consistent with those requirements.
• The use of grantor retained annuity trusts (GRATs) is a common estate planning strategy for high-net-worth individuals, including corporate executives.
• The transactions described are not unusual for directors of publicly traded companies.

Stakeholder Impact

• The transactions do not have a direct impact on shareholders, employees, customers, suppliers, or creditors as they are related to internal ownership changes.

Key Dates

Keywords

Janus International Group, JBI, Roger Fradin, beneficial ownership, transmutation agreement, grantor retained annuity trust, GRAT, stock transfer, Form 4, insider trading