HACKETT ANN F 4
Research Summary
AI-generated summary
Fortune Brands (FBIN) Director Ann Hackett Receives Stock Award
What Happened
- Ann F. Hackett, a member of the Board of Directors of Fortune Brands Innovations, Inc. (FBIN), received a grant of 4,191 shares on 2026-05-05. The Form 4 reports the acquisition as an award (transaction code A) at $0.00 per share (i.e., no cash paid at grant).
Key Details
- Transaction date: 2026-05-05; Form 4 filed: 2026-05-07 (filed within the standard two-business-day window).
- Shares granted: 4,191 shares; reported acquisition price: $0.00; aggregate cash value on the form: $0.
- Grant type: Stock award under the company’s Long-Term Incentive Plan (LTIP) — per footnote F1.
- Ownership note: Footnote F2 states the filing includes 34,815 shares whose receipt was deferred until the January following the calendar year in which Ms. Hackett leaves the Board.
- Timeliness: Filing appears timely (filed two days after the reported award).
Context
- This was a compensation award, not an open-market purchase or sale — awards are common for directors as part of compensation/retention and do not necessarily signal buy/sell intent by the insider.
- The deferred shares noted in the filing mean some granted or previously awarded shares will not be delivered until after cessation of board service; such deferrals are typical for director compensation arrangements.