Banyard R David 4

What Happened

• R. David Banyard, CEO & President and a Director of MasterBrand, Inc. (MBC), received a grant of 409,891 restricted stock units (RSUs) on March 16, 2026. The award was granted at $0.00 (no cash paid). These RSUs represent a contingent right to receive one share per RSU upon vesting.

Key Details

• Transaction date: 2026-03-16; Grant type: Award/Grant (code A); Price: $0.00.
• Vesting: RSUs vest in equal one-third increments over three years beginning February 28, 2027 (per footnote F1).
• Shares owned after transaction: the Form 4 does not state a single combined total; it notes (footnote F2) inclusion of 576,339 RSUs that have not yet vested and 446,819 shares for which receipt has been deferred under the issuer’s deferred compensation plan.
• Filing: Form 4 filed 2026-03-18 for a transaction on 2026-03-16 — appears timely (no late-filing indicator reported).

Context

• This was an equity award (RSUs), not an open-market purchase or sale. RSU grants are common executive compensation and only convert into actual shares as they vest; they do not necessarily signal an immediate buying or selling intent. The filing’s footnotes clarify the vesting schedule and additional unvested/deferred holdings reported by the insider.