Fortune Brands (FBIN) EVP & CFO Peter G. Clifford Receives Awards

What Happened
Peter G. Clifford, EVP & Chief Financial Officer of Fortune Brands Innovations, was granted multiple equity awards on 2026-09-28. The filing shows: 3,651 restricted stock units (RSUs) (reported as 3,651 shares @ $0.00), two stock option grants (10,212 and 65,000 option-related derivative entries @ $0.00), and 130,000 performance stock units (PSUs) @ $0.00. All awards are reported as grants (transaction code A); no cash was exchanged at grant.

Key Details

• Transaction date: 2026-09-28; Form 4 filed 2026-09-29 (timely).
• Reported grant amounts: 3,651 RSUs; 10,212 and 65,000 option-related units; 130,000 PSUs. All reported acquisition price: $0.00.
• Vesting/conditions: RSUs vest in three equal annual installments beginning 9/28/2027 (F1, F2). Options vest in three equal annual installments beginning 9/28/2027 (F3, F4). The PSUs vest 50% on the third and fourth anniversaries and are earned only if specified stock-price performance hurdles are met over a three‑year performance period from 9/28/2026–9/28/2029, subject to continued employment (F5–F7).
• Shares owned after the transaction: Not specified in the provided filing excerpt.
• Filing timeliness: Reported the day after the grant date; no late-filing indication.

Context
These grants are compensation/retention awards rather than open‑market purchases or sales. RSUs and PSUs represent contingent rights to receive shares if vesting and/or performance conditions are met; options give the right to buy shares subject to vesting. Because these are grants at $0.00, they do not involve immediate cash proceeds or sales and should be viewed as part of executive pay and incentive design—not an immediate buy/sell market signal.