4//SEC Filing
PHYFER CHERI M 4
Accession 0001209191-22-061920
CIK 0001519751other
Filed
Dec 18, 7:00 PM ET
Accepted
Dec 19, 4:26 PM ET
Size
13.4 KB
Accession
0001209191-22-061920
Insider Transaction Report
Form 4
PHYFER CHERI M
President, Global Plumbing
Transactions
- Award
Common Stock, Par Value $0.01
2022-12-15+51,820→ 88,322 total
Holdings
- 27,234
Options (Right to Buy)
Exercise: $61.12From: 2021-02-28Exp: 2030-02-24→ Common Stock (27,234 underlying) - 8,441
Options (Right to Buy)
Exercise: $41.42From: 2020-03-05Exp: 2029-03-05→ Common Stock (8,441 underlying) - 18,589
Options (Right to Buy)
Exercise: $76.60From: 2023-02-28Exp: 2032-02-28→ Common Stock (18,589 underlying) - 9,913
Options (Right to Buy)
Exercise: $73.22From: 2022-12-07Exp: 2030-12-07→ Common Stock (9,913 underlying) - 18,197
Options (Right to Buy)
Exercise: $76.63From: 2022-02-28Exp: 2031-02-22→ Common Stock (18,197 underlying)
Footnotes (3)
- [F1]Reflects the grant of restricted stock units ("RSUs") payable in shares of the issuer's common stock under its Long-Term Incentive Plans. Pursuant to the Employee Matters Agreement between the issuer and MasterBrand, Inc. dated December 14, 2022 (the "EMA"), in connection with the spin-off of MasterBrand, Inc. from the issuer, each performance share award held by the reporting person immediately before the Spin-Off has been replaced with an RSU award. The number of RSUs granted was based on the number of performance share awards that would have been earned based on projected performance through the end of the performance period. The RSUs vest at the end of the applicable performance period of the corresponding performance share award and are subject to continued employment through the original vesting date.
- [F2]Includes a total of 70,337 RSUs that have not yet vested or settled. Pursuant to the terms of the EMA, each RSU held by the reporting person immediately before the Spin-Off has been adjusted using a conversion ratio as defined in the EMA. Each adjusted RSU otherwise has substantially the same terms and conditions and shall continue to vest subject to continued employment with the issuer through the original vesting dates. Such adjustment is exempt from Section 16 of the Securities Exchange Act of 1934, as amended ("Exchange Act") pursuant to Rule 16a-9.
- [F3]Pursuant to the EMA, the strike price and the number of underlying shares of each unvested and vested but unexercised stock option held by the reporting person immediately before the Spin-Off was adjusted to preserve the intrinsic value of such award following the Spin-Off. Each adjusted option otherwise has substantially the same terms and conditions and shall continue to vest subject to continued employment with the issuer through the original vesting dates. Such adjustment is exempt from Section 16 of the Exchange Act pursuant to Rule 16a-9.
Documents
Issuer
Fortune Brands Innovations, Inc.
CIK 0001519751
Entity typeother
Related Parties
1- filerCIK 0001708065
Filing Metadata
- Form type
- 4
- Filed
- Dec 18, 7:00 PM ET
- Accepted
- Dec 19, 4:26 PM ET
- Size
- 13.4 KB