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 a transaction involving common stock related to tax withholding upon vesting of restricted stock units.
Summary
- On February 28, 2024, Mark A. Young, VP and Chief Accounting Officer of MasterBrand, Inc., reported a transaction.
- The transaction involved the withholding of 1,754 shares of common stock by the issuer to cover tax obligations related to vested restricted stock units (RSUs).
- The price per share for the withholding was $16.57.
- Following the transaction, Young directly owns 41,394 shares of MasterBrand, Inc.
- This total includes 30,628 unvested RSUs.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to executive compensation and tax obligations. It doesn't indicate any significant positive or negative developments for the company.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders. This filing indicates standard practice of tax withholding upon RSU vesting.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a standard procedure for tax obligations related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 02/28/2024 | Date of the transaction (stock withholding for tax purposes). |
| 03/01/2024 | Date of signature by attorney-in-fact. |
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