Form 4: MasterBrand Executive Bruce Alan Kendrick Reports Share Transaction
SEC Form 4 Filing
EVP & Chief HR Officer of MasterBrand, Inc., Bruce Alan Kendrick, reports the withholding of shares for tax obligations, resulting in an adjusted beneficial ownership.
Summary
- On February 28, 2025, Bruce Alan Kendrick, EVP & Chief HR Officer of MasterBrand, Inc., reported a transaction involving common stock.
- The transaction involved the withholding of 5,607 shares by the issuer to cover tax obligations related to vested awards.
- The price per share for the withholding was $13.86.
- Following the transaction, Kendrick's directly held beneficial ownership of common stock is 144,223 shares, which includes 63,673 unvested restricted stock units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a standard tax withholding transaction; it doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track executive compensation and ownership changes.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine tax-related share withholding.
Key Dates
| Date | Description |
|---|---|
| 02/28/2025 | Date of the reported transaction (share withholding for taxes). |
| 03/04/2025 | Date of signature on the Form 4 filing. |
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