Form 4: MasterBrand Inc. Executive Kurt Wanninger Reports Share Withholding for Tax Obligations
SEC Form 4 Filing
EVP & Chief Operations Officer of MasterBrand, Inc., Kurt Wanninger, reports the withholding of 6,102 shares to cover tax obligations upon vesting of an award.
Summary
- On February 28, 2025, Kurt Wanninger, EVP & Chief Operations Officer of MasterBrand, Inc., had 6,102 shares of common stock withheld by the issuer to cover tax obligations.
- The withholding was executed at a price of $13.86 per share.
- Following the transaction, Wanninger directly owns 197,843 shares of MasterBrand, Inc.
- This total includes 64,812 restricted stock units that have not yet vested and 40,348 shares, the receipt of which has been deferred under the issuer's deferred compensation plan.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to executive compensation and tax obligations, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a standard procedure for covering tax obligations related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 02/28/2025 | Date of the transaction (share withholding). |
| 03/04/2025 | Date of signature on the Form 4 filing. |
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