Director at Fortune Brands (NYSE: FBIN) gets 1,058-share award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Fortune Brands Innovations director Irial Finan received an equity award of 1,058 shares of common stock as compensation. The grant was made under the company’s Long-Term Incentive Plan and receipt has been deferred under the Non-Employee Director Deferred Compensation Plan.
Following this award, Finan holds 23,463 shares of common stock directly, including 14,826 shares whose receipt is deferred until the January after he ceases serving on the board. This is an acquisition through a stock grant, not an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Finan Irial
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, Par Value $0.01 | 1,058 | $0.00 | -- |
Holdings After Transaction:
Common Stock, Par Value $0.01 — 23,463 shares (Direct)
Footnotes (1)
- Reflects a grant of stock under the Issuer's Long-Term Incentive Plan, receipt of which has been deferred pursuant to the Issuer's Non-Employee Director Deferred Compensation Plan. Includes 14,826 shares of common stock, receipt of which was deferred until the January following the calendar year in which Mr. Finan ceases to be a member of the Board of Directors.
Key Figures
Shares granted: 1,058 shares
Holdings after grant: 23,463 shares
Deferred shares: 14,826 shares
+1 more
4 metrics
Shares granted
1,058 shares
Equity award of common stock to director Irial Finan
Holdings after grant
23,463 shares
Total common stock held directly by Irial Finan following the award
Deferred shares
14,826 shares
Receipt deferred until January after the calendar year he leaves the board
Grant price
$0.0000 per share
Reported transaction price per share for the stock grant
Key Terms
Long-Term Incentive Plan, Non-Employee Director Deferred Compensation Plan, deferred
3 terms
Long-Term Incentive Plan financial
"Reflects a grant of stock under the Issuer's Long-Term Incentive Plan"
A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.
Non-Employee Director Deferred Compensation Plan financial
"receipt of which has been deferred pursuant to the Issuer's Non-Employee Director Deferred Compensation Plan"
deferred financial
"receipt of which has been deferred pursuant to the Issuer's Non-Employee Director Deferred Compensation Plan"