Form 4: MasterBrand Executive Bruce Alan Kendrick Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Bruce Alan Kendrick, EVP & Chief HR Officer of MasterBrand, Inc., reports the withholding of shares for tax obligations and changes in beneficial ownership of common stock.
Summary
- On February 28, 2024, Bruce Alan Kendrick, EVP & Chief HR Officer of MasterBrand, Inc., reported a transaction involving the withholding of 4,537 common stock shares by the issuer to cover withholding taxes.
- The shares were withheld at a price of $16.57 per share.
- Following the transaction, Kendrick directly owns 161,747 shares of MasterBrand, Inc., which includes 120,201 unvested restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the withholding of shares for tax purposes, which is a normal part of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 02/28/2024 | Date of transaction: withholding of shares for tax obligations. |
| 03/01/2024 | Date of signature by attorney-in-fact. |
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