Form 4: MasterBrand CEO R. David Banyard Jr. Reports Share Transaction
SEC Form 4 Filing
MasterBrand CEO R. David Banyard Jr. reports the withholding of 4,219 shares for tax obligations on February 28, 2025.
Summary
- On February 28, 2025, R. David Banyard Jr., CEO and President of MasterBrand, Inc., reported a transaction involving the withholding of 4,219 shares of common stock.
- The shares were withheld by the issuer to cover the executive's tax obligations when an award vested and became payable.
- The transaction was exempt under Rule 16b-3(e).
- Following the transaction, Banyard directly owns 1,127,791 shares of MasterBrand, Inc.
Sentiment
Score: 5
Explanation: This is a neutral report on a routine transaction related to executive compensation. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This is a routine filing related to executive compensation and tax obligations, common in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 02/28/2025 | Date of the reported transaction (share withholding). |
| 03/04/2025 | Date of signature on the Form 4 filing. |
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