0001140361-22-046182.txt : 20221219
0001140361-22-046182.hdr.sgml : 20221219
20221219203121
ACCESSION NUMBER: 0001140361-22-046182
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: Young Mark A.
CENTRAL INDEX KEY: 0001630133
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-41545
FILM NUMBER: 221472658
MAIL ADDRESS:
STREET 1: 701 LIMA AVENUE
CITY: FINDLAY
STATE: OH
ZIP: 45840
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: MasterBrand, Inc.
CENTRAL INDEX KEY: 0001941365
STANDARD INDUSTRIAL CLASSIFICATION: WOOD HOUSEHOLD FURNITURE, (NO UPHOLSTERED) [2511]
IRS NUMBER: 883479920
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1225
BUSINESS ADDRESS:
STREET 1: ONE MASTERBRAND CABINETS DRIVE
CITY: JASPER
STATE: IN
ZIP: 47546
BUSINESS PHONE: 812-482-2527
MAIL ADDRESS:
STREET 1: ONE MASTERBRAND CABINETS DRIVE
CITY: JASPER
STATE: IN
ZIP: 47546
4
1
form4.xml
X0306
4
2022-12-15
0001941365
MasterBrand, Inc.
MBC
0001630133
Young Mark A.
ONE MASTERBRAND CABINETS DRIVE
JASPER
IN
47546
true
VP, Chief Accounting Officer
Common Stock, par value $0.01 per share
2022-12-15
4
A
0
13077
0
A
13077
D
Common Stock, par value $0.01 per share
2022-12-15
4
A
0
15228
0
A
28305
D
In connection with the separation of the Issuer from Fortune Brands Home & Security, Inc. ("FBHS"), effective December 14, 2022 (the "Spin-Off"), each FBHS restricted stock unit ("RSU") held at the close of business on December 14, 2022 (the "Distribution Date") by any Cabinets Service Provider (as defined in the Employee Matters Agreement, dated December 14, 2022, filed as Exhibit 10.3 to the Form 8-K filed by the Issuer on December 15, 2022) was replaced with a substitute Issuer RSU in an amount equal to the number of FBHS RSUs multiplied by a fraction, the numerator of which is the volume-weighted average price of FBHS common stock on the trading day immediately prior to the Distribution Date, and the denominator of which is the volume-weighted average price of the Issuer's common stock ("Common Stock") on the trading day immediately following the Distribution Date. [continued in footnote 2]
[continued from footnote 1] Each substitute Issuer RSU shall vest based on the holder's continued employment or service with the Issuer, and shall otherwise have substantially the same terms and conditions as the corresponding FBHS RSU.
In connection with the Spin-Off, the Reporting Person was granted 15,228 Issuer RSUs that vest in three ratable annual installments beginning on December 15, 2023, subject to the Reporting Person's continued employment with the Issuer.
Each Issuer RSU represents a contingent right to receive one share of Common Stock.
/s/ Andrean Horton, attorney-in-fact for Mark A. Young
2022-12-19