Wanninger Kurt 4
Research Summary
AI-generated summary
MasterBrand (MBC) EVP Kurt Wanninger Receives RSU Award
What Happened
- Kurt Wanninger, Executive Vice President & Chief Operations Officer of MasterBrand, was granted 39,442 restricted stock units (RSUs) on March 16, 2026. The award is reported as an acquisition at a $0.00 price (typical for RSU grants); value will be realized if and when the RSUs vest and convert to shares or are settled in cash/stock per the plan.
- This is an award/grant (transaction code A), not an open-market purchase or sale, so it reflects company compensation rather than an immediate buy/sell market signal.
Key Details
- Transaction date: 2026-03-16; Form 4 filed: 2026-03-18 (timely).
- Price: $0.00 recorded (RSU grant).
- Vesting: RSUs vest in equal one‑third increments over three years, beginning February 28, 2027 (see footnote F1).
- Reported holdings components (footnote F2): 56,645 RSUs not yet vested, 676 shares in the issuer’s 401(k) plan, and 40,348 shares whose receipt is deferred under the issuer’s deferred compensation plan (these components total 97,669). The filing lists the 39,442 RSU grant separately.
- No indication of a 10b5-1 plan, tax withholding sale, or late filing in this Form 4.
Context
- RSU grants are a common form of executive compensation. They do not represent immediate cash or tradable shares until they vest; vesting schedule determines when the insider may receive shares and potentially sell them.
- Because this is an award (not a purchase), it should be viewed as compensation, not necessarily a direct signal of the insider’s near-term view on the stock.