Form 4: Janus International Group Director Roger Fradin Transfers Shares to GRATs

Director Roger Fradin gifted shares of Janus International Group, Inc. to two Grantor Retained Annuity Trusts (GRATs) on March 29, 2024, while retaining indirect beneficial ownership.

Summary

• Roger Fradin, a director at Janus International Group, Inc. (JBI), reported changes in beneficial ownership on November 5, 2024.
• On March 29, 2024, Fradin gifted 325,415 shares of JBI common stock to the R JBI GRAT 2024 and another 325,415 shares to the S JBI GRAT 2024.
• These shares were previously held by The Fradin Community Property Revocable Trust, for which Fradin serves as trustee.
• Fradin is the trustee and annuitant of the R JBI GRAT 2024, while his spouse is the trustee and annuitant of the S JBI GRAT 2024.
• Irrevocable trusts for the benefit of Fradin's children are the beneficiaries of both GRATs.
• Despite the transfer, Fradin maintains indirect beneficial ownership of the shares held by both GRATs.
• Following these transactions, Fradin directly owns 53,000 shares and indirectly owns 1,894,669 shares through The Fradin Community Property Revocable Trust, 325,415 shares through R JBI GRAT 2024, and 325,415 shares through S JBI GRAT 2024.

Sentiment

Score: 6

Explanation: The document is neutral, simply reporting a transaction. There is no inherent positive or negative sentiment associated with the stock transfer to GRATs.

Industry Context

This filing reflects standard practice for corporate insiders to manage their holdings for estate planning purposes, often utilizing GRATs to transfer wealth while minimizing gift tax implications.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on shareholders, as it represents a transfer of shares for estate planning purposes and does not involve a sale to the open market.

Key Dates