Form 4: MasterBrand Executive Mark A. Young Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Mark A. Young, VP and Chief Accounting Officer of MasterBrand, Inc., reports the disposal of 1,302 shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On May 1, 2024, Mark A. Young, VP and Chief Accounting Officer of MasterBrand, Inc., disposed of 1,302 shares of common stock to cover withholding taxes.
- The shares were disposed of at a price of $16.67 per share.
- Following the transaction, Young directly owns 49,863 shares of MasterBrand, Inc., including 36,040 unvested RSUs.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and tax obligations, and does not 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 filing indicates a standard practice of covering tax obligations upon the vesting of RSUs.
Comparison to Industry Standards
- Executive compensation often includes stock options and restricted stock units (RSUs).
- The practice of selling shares to cover tax obligations upon vesting is common among executives in publicly traded companies.
- Similar filings can be observed for executives at comparable companies in the homebuilding and construction materials sectors, such as Fortune Brands Home & Security and Masco Corporation.
Key Dates
| Date | Description |
|---|---|
| 05/01/2024 | Date of transaction: disposal of 1,302 shares for tax withholding. |
| 05/03/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.