Form 4: MasterBrand Inc. Executive Kurt Wanninger Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
EVP & Chief Operations Officer of MasterBrand, Inc., Kurt Wanninger, reports disposing of shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On January 31, 2025, Kurt Wanninger, EVP & Chief Operations Officer of MasterBrand, Inc., disposed of 5,834 shares of common stock to cover tax obligations.
- The transaction was executed at a price of $17.82 per share.
- Following the transaction, Wanninger directly owns 203,945 shares of MasterBrand, Inc.
- This includes 79,661 unvested restricted stock units and 40,348 shares deferred under the company's compensation plan.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to an executive's stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track executive sentiment and potential alignment with shareholder interests.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine sale of shares by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 01/31/2025 | Date of the share disposal transaction. |
| 02/04/2025 | Date of the Form 4 filing. |
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