0001209191-22-061924.txt : 20221219
0001209191-22-061924.hdr.sgml : 20221219
20221219162645
ACCESSION NUMBER: 0001209191-22-061924
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20221215
FILED AS OF DATE: 20221219
DATE AS OF CHANGE: 20221219
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Luburic Danny
CENTRAL INDEX KEY: 0001629824
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35166
FILM NUMBER: 221471434
MAIL ADDRESS:
STREET 1: FORTUNE BRANDS HOME & SECURITY, INC.
STREET 2: 520 LAKE COOK ROAD
CITY: DEERFIELD
STATE: IL
ZIP: 60015
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Fortune Brands Innovations, Inc.
CENTRAL INDEX KEY: 0001519751
STANDARD INDUSTRIAL CLASSIFICATION: MILLWOOD, VENEER, PLYWOOD & STRUCTURAL WOOD MEMBERS [2430]
IRS NUMBER: 621411546
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 520 LAKE COOK ROAD
CITY: DEERFIELD
STATE: IL
ZIP: 60015
BUSINESS PHONE: 847-484-4400
MAIL ADDRESS:
STREET 1: 520 LAKE COOK ROAD
CITY: DEERFIELD
STATE: IL
ZIP: 60015
FORMER COMPANY:
FORMER CONFORMED NAME: Fortune Brands Home & Security, Inc.
DATE OF NAME CHANGE: 20110825
FORMER COMPANY:
FORMER CONFORMED NAME: Fortune Brands Home & Security LLC
DATE OF NAME CHANGE: 20110503
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2022-12-15
0
0001519751
Fortune Brands Innovations, Inc.
FBIN
0001629824
Luburic Danny
FORTUNE BRANDS INNOVATIONS, INC.
520 LAKE COOK ROAD
DEERFIELD
IL
60015
0
1
0
0
Vice President & Controller
Common Stock, Par Value $0.01
2022-12-15
4
A
0
9536
0.00
A
23874
D
Options (Right to Buy)
42.30
2020-02-28
2029-02-21
Common Stock
5977
5977
D
Options (Right to Buy)
61.12
2021-02-28
2030-02-24
Common Stock
5447
5447
D
Options (Right to Buy)
76.63
2022-02-28
2031-02-22
Common Stock
3119
3119
D
Options (Right to Buy)
76.60
2023-02-28
2032-02-28
Common Stock
3225
3225
D
Options (Right to Buy)
53.38
2024-07-31
2032-07-31
Common Stock
7151
7151
D
Reflects the grant of restricted stock units ("RSUs") payable in shares of the issuer's common stock under its Long-Term Incentive Plans. Pursuant to the Employee Matters Agreement between the issuer and MasterBrand, Inc. dated December 14, 2022 (the "EMA"), in connection with the spin-off of MasterBrand, Inc. from the issuer, each performance share award held by the reporting person immediately before the Spin-Off has been replaced with an RSU award. The number of RSUs granted was based on the number of performance share awards that would have been earned based on projected performance through the end of the performance period. The RSUs vest at the end of the applicable performance period of the corresponding performance share award and are subject to continued employment through the original vesting date.
Includes a total of 14,203 RSUs that have not yet vested or settled. Pursuant to the terms of the EMA, each RSU held by the reporting person immediately before the Spin-Off has been adjusted using a conversion ratio as defined in the EMA. Each adjusted RSU otherwise has substantially the same terms and conditions and shall continue to vest subject to continued employment with the issuer through the original vesting dates. Such adjustment is exempt from Section 16 of the Securities Exchange Act of 1934, as amended ("Exchange Act") pursuant to Rule 16a-9.
Pursuant to the EMA, the strike price and the number of underlying shares of each unvested and vested but unexercised stock option held by the reporting person immediately before the Spin-Off was adjusted to preserve the intrinsic value of such award following the Spin-Off. Each adjusted option otherwise has substantially the same terms and conditions and shall continue to vest subject to continued employment with the issuer through the original vesting dates. Such adjustment is exempt from Section 16 of the Exchange Act pursuant to Rule 16a-9.
/s/ Angela M. Pla, Attorney-in-Fact for Danny Luburic
2022-12-19