Kendrick Bruce Alan 4

What Happened

• Kendrick Bruce Alan, Executive Vice President & Chief HR Officer of MasterBrand, received 37,235 performance-based shares on 2026-02-11. The award was issued upon vesting (performance measured over a three-year period at 170% of target).
• To satisfy tax withholding, 17,133 of those shares were withheld/disposed at $13.82 per share, generating a withholding value of $236,778. The award itself is reported at $0.00 (code A for award/grant); the withholding is reported as a disposition (code F).

Key Details

• Transaction date: 2026-02-11; Form 4 filed 2026-02-13 (filed within the typical two-business-day window).
• Award: 37,235 shares (code A); per-footnote, these were performance share awards earned at 170% of target after a three-year performance period.
• Withholding/disposition: 17,133 shares withheld at $13.82/share for taxes (value $236,778) (code F); exempt under Rule 16b-3(e) per footnote.
• Filing notes that 36,124 restricted stock units are included that have not yet vested (footnote F3).
• Shares owned after the transaction: not specified in the filing.

Context

• This was a settlement of performance-based equity (not an open-market sale or purchase). Withholding shares to cover taxes is a routine administrative step (a form of cashless settlement) and doesn’t necessarily signal a change in the insider’s view of the company. The award reflects multi-year performance (170% of target), and the net impact was issuance of the vested shares less the tax-withheld portion.