GARDEN EDWARD P 4
4 · Fortune Brands Innovations, Inc. · Filed May 21, 2026
Research Summary
AI-generated summary of this filing
Fortune Brands Director Edward P. Garden Buys 57,400 Shares
What Happened
Edward P. Garden, a director of Fortune Brands Innovations, Inc. (FBIN), reported an open-market purchase of 57,400 shares on 2026-05-20. The weighted average purchase price was $34.89 per share for a total cost of $2,002,686. This filing reports a purchase (code P), which is generally interpreted by investors as a direct acquisition of company stock.
Key Details
- Transaction date: 2026-05-20 (filed on 2026-05-21; filing appears timely).
- Transaction type/code: Open-market purchase (P).
- Shares purchased: 57,400 at a weighted average price of $34.89; total value $2,002,686.
- Price range: Purchases occurred at prices between $34.56 and $35.00 (weighted average reported; reporter will provide breakdown on request) — footnote F1.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Beneficial ownership note: Footnote F2 indicates certain securities are held by GI SPV II L.P. and Green 73 LLC; Mr. Garden may be deemed to indirectly own those securities through related entities but disclaims beneficial ownership except to the extent of pecuniary interest.
- Other footnotes: F3 references a prior grant under the issuer’s Long-Term Incentive Plan; it does not relate to this purchase.
- Filing timeliness: Report filed one day after the transaction date (appears timely under Section 16 reporting rules).
Context
Purchases by directors are often watched by retail investors as a potential positive signal, since insiders are increasing their stake, but filings are factual records and do not state the insider’s motivations. The weighted-average price and price range mean the purchase happened in multiple executions; the filer can provide a per-trade breakdown on request.
Insider Transaction Report
- Purchase
Common Stock, Par Value $0.01
[F1][F2]2026-05-20$34.89/sh+57,400$2,002,686→ 3,620,167 total(indirect: By LLC)
- 4,765(indirect: Held by Garden Investment Management, L.P.)
Common Stock, Par Value $0.01
[F3]
Footnotes (3)
- [F1]The price reported is the weighted average price. These shares were purchased in multiple transactions at prices ranging from $34.56 to $35.00, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
- [F2]Reflects securities held directly by GI SPV II L.P. ("GI SPV II") and Green 73 LLC. GI SPV II is the manager of Green 73 LLC. Mr. Garden is the sole member of Garden Investment Management GP, LLC, which serves as the general partner of Garden Investment Management, L.P., which serves as the management company for GI SPV II. Accordingly, Mr. Garden may be deemed to indirectly beneficially own (as that term is defined in Rule 16a-1(a) under the Securities Exchange Act of 1934, as amended (the "Exchange Act")) the securities of the Issuer beneficially owned by GI SPV II. Mr. Garden disclaims beneficial ownership of such securities except to the extent of his pecuniary interests therein, and this report shall not be deemed an admission that Mr. Garden is the beneficial owner of such securities for purposes of Section 16 of the Exchange Act or for any other purpose.
- [F3]Reflects a prior grant of stock under the issuer's Long-Term Incentive Plan.