Fortune Brands (FBIN) EVP Lee John Dong Gu Sells 260 Shares

What Happened
Lee John Dong Gu, EVP & Chief Digital Innovation of Fortune Brands Innovations (FBIN), had 260 shares withheld to satisfy tax withholding obligations related to vested equity. The shares were valued at $49.26 each, for a total of approximately $12,808. This was a tax-withholding disposition (not an open-market sale).

Key Details

• Transaction date: 2026-07-31; Price per share: $49.26; Total value: ~$12,808
• Transaction type: F — tax withholding on vested award (exempt under Rule 16b-3(e) per footnote)
• Shares owned after transaction: not specified in the provided filing excerpt
• Footnotes: F1 confirms issuer withheld shares equal to withholding taxes at vesting; F2 notes the insider has 19,220 restricted stock units that have not yet vested
• Filing date: 2026-08-03 (filed following the 7/31 transaction)

Context
This was a routine "sell to cover" tax-withholding action tied to the vesting of equity awards, which is common and typically exempt under Rule 16b-3(e). It does not necessarily indicate a discretionary decision to liquidate holdings on the open market.