GARDEN EDWARD P 4
Research Summary
AI-generated summary
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.