Cogan Andrew B 4
Research Summary
AI-generated summary
MasterBrand (MBC) Director Andrew B. Cogan Receives RSU Award
What Happened
- Andrew B. Cogan, a director of MasterBrand, Inc. (MBC), was granted 18,824 restricted stock units (RSUs) on June 3, 2026. The award is reported as an acquisition (grant) at $0.00 per unit (total reported acquisition value $0) and each RSU represents a contingent right to one share of common stock. The RSUs vest on June 3, 2027.
Key Details
- Transaction date: 2026-06-03; Form 4 filed: 2026-06-05 (appears timely under the two-business-day rule).
- Grant size: 18,824 RSUs; reported acquisition price: $0.00; reported total value: $0.
- Vesting: RSUs vest on June 3, 2027 (per footnote).
- Shares owned after transaction: not disclosed in the provided filing excerpt.
- Footnotes: F1 explains each RSU equals a contingent right to one share; F2 notes all 18,824 RSUs have not vested.
Context
- This was an equity award (grant), not a purchase or sale. Awards are common compensation for directors and do not reflect an immediate cash outlay or market transaction.
- The RSUs convert to shares only upon vesting; until then they remain contingent and typically subject to company vesting conditions and restrictions.