Form 4: MasterBrand EVP & CFO Andrea Simon Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Andrea Simon, EVP & CFO of MasterBrand, Inc., disposed of 8,127 shares of common stock on February 28, 2024, to cover tax obligations related to vesting restricted stock units.
Summary
- On February 28, 2024, Andrea Simon, the EVP & CFO of MasterBrand, Inc., disposed of 8,127 shares of the company's common stock.
- The transaction was executed to cover withholding taxes payable when restricted stock units vested.
- The shares were disposed of at a price of $16.57 per share.
- Following the transaction, Simon directly owns 265,851 shares of MasterBrand, Inc., which includes 223,925 unvested restricted stock units.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (selling shares to cover taxes) and doesn't indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is a common occurrence where executives sell shares to cover tax obligations related to vesting equity awards.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/28/2024 | Date of the transaction (disposal of shares). |
| 03/01/2024 | Date of signature on the Form 4 filing. |
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