4//SEC Filing
Young Mark A. 4
Accession 0001140361-22-046182
CIK 0001941365other
Filed
Dec 18, 7:00 PM ET
Accepted
Dec 19, 8:31 PM ET
Size
7.4 KB
Accession
0001140361-22-046182
Insider Transaction Report
Form 4
Young Mark A.
VP, Chief Accounting Officer
Transactions
- Award
Common Stock, par value $0.01 per share
2022-12-15+15,228→ 28,305 total - Award
Common Stock, par value $0.01 per share
2022-12-15+13,077→ 13,077 total
Footnotes (4)
- [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]
- [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.
- [F3]In connection with the Spin-Off, the Reporting Person was granted 15,228 Issuer RSUs that vest in three ratable annual installments beginning on December 15, 2023, subject to the Reporting Person's continued employment with the Issuer.
- [F4]Each Issuer RSU represents a contingent right to receive one share of Common Stock.
Documents
Issuer
MasterBrand, Inc.
CIK 0001941365
Entity typeother
Related Parties
1- filerCIK 0001630133
Filing Metadata
- Form type
- 4
- Filed
- Dec 18, 7:00 PM ET
- Accepted
- Dec 19, 8:31 PM ET
- Size
- 7.4 KB