Form 4: MasterBrand Executive Navneet Grewal Reports Share Transaction
SEC Form 4 Filing
Navneet Grewal, EVP, Chief Digital & Tech Off. of MasterBrand, Inc., reports the withholding of shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On January 31, 2025, Navneet Grewal, EVP, Chief Digital & Tech Off. of MasterBrand, Inc., had shares withheld by the issuer to cover tax obligations.
- A total of 5,232 shares were withheld at a price of $17.82 per share.
- Following the transaction, Grewal beneficially owns 140,156 shares of Common Stock.
- This total includes 88,627 restricted stock units that have not yet vested.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing regarding share transactions for tax purposes, indicating a neutral 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 tax withholding procedure related to the vesting of restricted stock units.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the withholding of shares for tax purposes, which is a standard procedure.
Key Dates
| Date | Description |
|---|---|
| 01/31/2025 | Date of share transaction (tax withholding) |
| 02/04/2025 | Date of Form 4 filing |
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