Form 4 for MBC MasterBrand, Inc.
Accepted 2022-12-19 00:00:00 ET · period of report 2022-12-15 · accession 0001140361-22-046182 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| M | 2022-12-19 | 2022-12-15 | MBC | Young Mark A. | VP, CAO | A - Grant | $0.00 | +28.3K | 28.3K | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock, par value $0.01 per share | 2022-12-15 | A | A | 13,077 | $0.00 | 13,077 | D | — | — | (F2) [continued from footnote 1] Each substitute Issuer RSU shall vest based on the holder's continued employment or service with the Issuer, and shall otherwise have substantially the same terms and conditions as the corresponding FBHS RSU. (F1) In connection with the separation of the Issuer from Fortune Brands Home & Security, Inc. ("FBHS"), effective December 14, 2022 (the "Spin-Off"), each FBHS restricted stock unit ("RSU") held at the close of business on December 14, 2022 (the "Distribution Date") by any Cabinets Service Provider (as defined in the Employee Matters Agreement, dated December 14, 2022, filed as Exhibit 10.3 to the Form 8-K filed by the Issuer on December 15, 2022) was replaced with a substitute Issuer RSU in an amount equal to the number of FBHS RSUs multiplied by a fraction, the numerator of which is the volume-weighted average price of FBHS common stock on the trading day immediately prior to the Distribution Date, and the denominator of which is the volume-weighted average price of the Issuer's common stock ("Common Stock") on the trading day immediately following the Distribution Date. [continued in footnote 2] |
| 2 | Common | Common Stock, par value $0.01 per share | 2022-12-15 | A | A | 15,228 | $0.00 | 28,305 | D | — | — |