Form 4: MasterBrand Inc. Executive Kurt Wanninger Reports Share Transaction
SEC Form 4 Filing
EVP & Chief Operations Officer of MasterBrand, Inc., Kurt Wanninger, reports the disposal of 5,610 shares to cover tax obligations related to vested restricted stock units.
Summary
- On February 28, 2024, Kurt Wanninger, EVP & Chief Operations Officer of MasterBrand, Inc., disposed of 5,610 shares of common stock to cover withholding taxes.
- The transaction was executed at a price of $16.57 per share.
- Following the transaction, Wanninger directly owns 216,795 shares of MasterBrand, Inc.
- This includes 126,880 unvested restricted stock units and 40,348 shares deferred under the company's compensation plan.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a routine disclosure of an insider transaction related to tax obligations.
Industry Context
This is a routine Form 4 filing, reflecting an insider transaction related to equity compensation. Such filings are common and provide transparency into executive stock ownership.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/28/2024 | Date of the share transaction (disposal of 5,610 shares). |
| 03/01/2024 | Date of signature by attorney-in-fact for Kurt Wanninger. |
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