Novak Matthew Edward 4
Research Summary
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Fortune Brands (FBIN) EVP Matthew Novak Receives 1,276-Share Award
What Happened
- Matthew Edward Novak, EVP & Chief Supply Chain Officer of Fortune Brands Innovations (FBIN), had 1,276 shares reported as acquired on 2026-02-10. The shares were reported at $0 (award/vesting) and reflect the vesting of performance share awards for the January 2023–December 2025 performance period under the company’s Long-Term Incentive Plan.
Key Details
- Transaction date: 2026-02-10 (reported on Form 4 filed 2026-02-12).
- Transaction type/code: Award/Grant (A); reported acquisition price $0.
- Footnote F1: Vesting of performance share awards; transaction exempt under Rule 16b-3(d).
- Footnote F2: Novak’s holdings include an additional 2,130 restricted stock units that have not yet vested.
- Filing timeliness: Form 4 filed within two business days of the transaction (timely).
Context
- This was a vesting/award transaction (compensation-related), not an open-market purchase or sale. Such grants reflect company compensation and the completion of a multi-year performance period; they do not by themselves indicate insider buying or selling intent. Restricted stock units noted in F2 remain unvested and may vest subject to future conditions.