Grewal Navneet 4

What Happened

• Navneet Grewal, EVP and Chief Digital & Tech Officer of MasterBrand (MBC), received 47,080 performance-share awards that vested on Feb 11, 2026 (grant/acquisition: A). Simultaneously, 20,413 shares were withheld/disposed to cover taxes at $13.82 per share, a withholding value of $282,108 (transaction code F). Net new shares delivered to Grewal = 26,667.

Key Details

• Transaction date: 2026-02-11; Form 4 filed 2026-02-13 (timely filing).
• Award price: $0.00 (performance share award issued upon vesting).
• Withheld shares: 20,413 @ $13.82 = $282,108 (tax withholding, exempt under Rule 16b-3(e)).
• Award performance: These performance shares were earned at 170% of target based on a three-year performance period (footnote F1).
• Holdings note: Filing indicates inclusion of 50,964 restricted stock units that have not yet vested (footnote F3).
• Transaction codes: A = award/acquisition; F = tax withholding/settlement of award.

Context

• This was the settlement of long-term performance awards (not an open-market purchase or discretionary sale). A portion of shares was withheld to satisfy tax obligations—a routine post-vesting action that does not necessarily signal insider market sentiment.