Baksht Jonathan 4
Research Summary
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Fortune Brands (FBIN) CFO Jonathan Baksht Receives Award
What Happened Jonathan Baksht, EVP and Chief Financial Officer of Fortune Brands Innovations (FBIN), received equity awards on February 25, 2026: 18,128 restricted stock units (RSUs) and a derivative award of 26,724 stock options. The reported acquisition price for both items is $0.00 (these are compensation grants, not market purchases), so there was no cash outlay by the insider.
Key Details
- Transaction date: 2026-02-25; Form 4 filed 2026-02-27 (timely; Form 4s are due within two business days).
- RSUs granted: 18,128 total (reported as two grants of 9,064 RSUs each). Grant price: $0.00.
- Options/derivative grant: 26,724 (reported as a derivative award). Grant price: $0.00.
- Vesting specifics (footnotes):
- RSUs: one grant of 9,064 vests in three equal annual installments; the other 9,064 vests in two equal annual installments. Each RSU represents a contingent right to one share, subject to continued employment. (F1)
- Options: granted under the Long-Term Incentive Plan; vest in three equal annual installments beginning February 28, 2027. (F3, F4)
- Holdings after transaction: filing notes a total of 41,103 unvested RSUs included in reported holdings. (F2)
- No 10b5-1 plan, tax-withholding sale, or late-filing note was indicated in the filing.
Context These awards are standard long-term incentive compensation for executives and do not involve an open-market purchase or sale. RSUs and options vest over future years contingent on continued employment; they do not represent immediately liquid shares unless/when vested and delivered. Such grants are common for retention and performance alignment and are informational rather than a direct buy/sell signal.