Masco (NYSE: MAS) director Lisa Payne sells 16,735 shares, restructures holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Masco director Lisa A. Payne reported open-market sales of a total of 16,735 shares of Masco common stock at a price of $63.66 per share. After these transactions, she holds 13,837 shares directly and 1,929 shares indirectly through a trust.
A footnote explains that Payne contributed Masco common stock to an exchange fund in return for shares of that fund, indicating part of the activity reflects a shift in how her holdings are structured rather than only a reduction in exposure.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 16,735 shares ($1,065,350)
Net Sell
2 txns
Insider
PAYNE LISA A
Role
Director
Sold
16,735 shs ($1.07M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 14,729 | $63.66 | $938K |
| Sale | Common Stock | 2,006 | $63.66 | $128K |
Holdings After Transaction:
Common Stock — 13,837 shares (Direct);
Common Stock — 1,929 shares (Indirect, By Trust)
Footnotes (1)
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FAQ
What did Masco (MAS) director Lisa Payne report in this Form 4 filing?
Lisa Payne reported open-market sales totaling 16,735 shares of Masco common stock at $63.66 per share. Following these transactions, she holds 13,837 shares directly and 1,929 shares indirectly through a trust.
What is the role of the trust mentioned in Lisa Payne’s Masco (MAS) holdings?
Part of Lisa Payne’s Masco ownership is held indirectly "By Trust", which owns 1,929 shares after the transactions. This indicates some shares are controlled through a trust structure rather than directly in her individual name.
What does the exchange fund footnote in the Masco (MAS) Form 4 indicate?
The footnote states Payne contributed Masco common stock to an exchange fund in return for fund shares. This suggests some reported activity reflects exchanging Masco shares for diversified fund interests, changing how her holdings are structured.
Were the Masco (MAS) transactions by Lisa Payne classified as open-market sales?
Yes. Both transactions in the Form 4 are coded “S” and described as sales in open market or private transactions. They involve Masco common stock sold at $63.66 per share on the same reported transaction date.