Form 4: MasterBrand Executive Bruce Alan Kendrick Reports Share Withholding for Tax Obligations
SEC Form 4 Filing
EVP & Chief HR Officer of MasterBrand, Bruce Alan Kendrick, reports the withholding of 3,487 common stock shares to cover tax obligations upon vesting of an award on January 31, 2025.
Summary
- On January 31, 2025, Bruce Alan Kendrick, EVP & Chief HR Officer of MasterBrand, Inc., reported a transaction involving the withholding of 3,487 shares of common stock by the issuer.
- The shares were withheld to cover tax obligations related to the vesting of an award.
- The price per share for the withholding was $17.82.
- Following the transaction, Kendrick directly owns 149,830 shares of MasterBrand, Inc.
- This total includes 76,981 restricted stock units that have not yet vested.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC for insiders of publicly traded companies, providing transparency into their transactions involving the company's securities. This filing indicates routine tax-related share withholding.
Key Dates
| Date | Description |
|---|---|
| 01/31/2025 | Date of the transaction (share withholding for tax obligations). |
| 02/04/2025 | Date of signature on the Form 4 filing. |
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