Form 4: MasterBrand Director Ann F. Hackett Acquires Shares and Restricted Stock Units
SEC Form 4 Filing
Director Ann F. Hackett reports acquisition of MasterBrand shares and restricted stock units.
Summary
- On June 5, 2024, Ann F. Hackett, a director of MasterBrand, Inc., acquired 8,344 shares of common stock at a price of $16.18 per share.
- Hackett also received restricted stock units representing a contingent right to receive one share of common stock of MasterBrand, Inc.
- These restricted stock units vest on June 5, 2025.
- Following the transaction, Hackett beneficially owns 63,611 shares, including unvested restricted stock units and shares deferred under the issuer's deferred compensation plan.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of insider transactions.
Positives
- Director's acquisition of shares may signal confidence in the company's future prospects.
Future Outlook
The restricted stock units will vest on June 5, 2025, contingent on continued service or other conditions.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction provides stakeholders with information about the actions of a company director.
Key Dates
| Date | Description |
|---|---|
| 06/05/2024 | Date of transaction: acquisition of shares and grant of restricted stock units. |
| 06/05/2025 | Vesting date for the restricted stock units. |
| 06/07/2024 | Date of signature on the Form 4 filing. |
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