Form 4: MasterBrand Inc. 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 disposition of 2,774 shares of common stock to cover withholding taxes, leaving a total of 40,858 shares beneficially owned.
Summary
- On February 28, 2025, Mark A. Young, the VP and Chief Accounting Officer of MasterBrand, Inc., disposed of 2,774 shares of common stock.
- The disposition was due to the withholding of shares by the issuer to cover taxes related to the vesting of an award.
- The price per share for the transaction was $13.86.
- Following the transaction, Young beneficially owns 40,858 shares of MasterBrand, Inc.
- This includes 21,832 Restricted Stock Units (RSUs) that have not yet vested.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a routine disclosure of an insider transaction for tax purposes.
Industry Context
This filing is a routine disclosure of insider transactions, which are common occurrences in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/28/2025 | Date of transaction (disposal of shares). |
| 03/04/2025 | Date of signature on the Form 4 filing. |
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