Fortune Brands Innovations, Inc.·4

Feb 12, 7:51 PM ET

Novak Matthew Edward 4

Research Summary

AI-generated summary

Updated

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.