Form 4: MasterBrand EVP & CFO Andrea Simon Reports Share Withholding for Tax Obligations
SEC Form 4 Filing
Andrea Simon, EVP & CFO of MasterBrand, Inc., reports the withholding of 5,311 common stock shares to cover tax obligations upon vesting of an award on January 31, 2025.
Summary
- On January 31, 2025, Andrea Simon, the EVP & CFO of MasterBrand, Inc., had 5,311 shares of common stock withheld by the issuer to cover tax obligations.
- The withholding occurred at a price of $17.82 per share.
- Following the transaction, Simon directly owns 256,293 shares of MasterBrand, Inc.
- This total includes 153,162 restricted stock units that have not yet vested.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation and does not inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. This filing indicates a standard practice of withholding shares to cover tax obligations upon vesting of stock awards.
Stakeholder Impact
- Shareholders are informed about insider transactions, promoting transparency.
Key Dates
| Date | Description |
|---|---|
| 01/31/2025 | Date of transaction: Share withholding for tax obligations. |
| 02/04/2025 | Date of signature on the Form 4 filing. |
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