GARDEN EDWARD P 4
Research Summary
AI-generated summary
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.