GARDEN EDWARD P 4
4 · Fortune Brands Innovations, Inc. · Filed Jun 11, 2026
Research Summary
AI-generated summary of this filing
Fortune Brands (FBIN) Director Edward P. Garden Buys 320,067 Shares
What Happened Edward P. Garden, a director of Fortune Brands Innovations, acquired 320,067 shares in open-market purchases on June 10, 2026. The weighted-average price reported was $40.60, for a total transaction value of $12,994,720. The Form 4 was filed on June 11, 2026 (timely).
Key Details
- Transaction date: 2026-06-10; Form 4 filed: 2026-06-11 (timely).
- Transaction type/code: Purchase (P) — open market/private purchase.
- Shares purchased: 320,067 at a weighted-average price of $40.60; total ≈ $12,994,720.
- Price range: purchases were executed across prices from $40.40 to $40.74 (footnote F1).
- Shares owned after transaction: not specified in the filing.
- Notable footnotes:
- F1: Weighted-average price; reporter can provide per-price breakdown on request.
- F2: Indicates securities held directly by GI SPV II L.P. and Green 73 LLC; Mr. Garden is linked to those entities through management structures and may be deemed to indirectly own those holdings but disclaims beneficial ownership except to his pecuniary interest.
- F3: Reflects a prior stock grant under the issuer’s Long-Term Incentive Plan.
- Filing timeliness: Report appears timely (filed one day after the trade).
Context This was a straightforward open-market purchase by a company director (a purchase can be interpreted as a personal acquisition rather than a disposition). The filing also notes indirect holdings through investment vehicles (F2), which may affect Garden’s overall exposure to the company. The report does not state motivations and does not indicate option exercises, gifts, or other derivative activity.
Insider Transaction Report
- Purchase
Common Stock, Par Value $0.01
[F1][F2]2026-06-10$40.60/sh+320,067$12,994,720→ 3,940,234 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 $40.40 to $40.74, 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.