Form 4: MasterBrand Director Patrick S. Shannon Reports Acquisition of Restricted Stock Units

Director Patrick S. Shannon reports acquisition of 8,344 restricted stock units of MasterBrand, Inc. on June 5, 2024.

Summary

• Patrick S. Shannon, a director of MasterBrand, Inc., filed a Form 4 on June 7, 2024.
• The report details a transaction on June 5, 2024, where Shannon acquired 8,344 shares of restricted stock units at a price of $16.18.
• Following the transaction, Shannon beneficially owns a total of 9,779 restricted stock units, all of which are unvested.
• The restricted stock units vest on June 5, 2025, and each unit represents a contingent right to receive one share of MasterBrand, Inc. common stock.

Sentiment

Score: 7

Explanation: The document is a standard SEC filing related to stock-based compensation. It doesn't contain overtly positive or negative information, but the granting of stock units is generally viewed as a positive incentive for management.

Future Outlook

The restricted stock units vest on June 5, 2025, representing a future claim on MasterBrand, Inc. common stock.

Industry Context

This filing is a routine disclosure of stock-based compensation to a company director, which is a common practice in publicly traded companies to align management's interests with those of shareholders.

Stakeholder Impact

• The granting of restricted stock units aligns the director's interests with those of the shareholders, potentially incentivizing decisions that increase shareholder value.

Key Dates