| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| holding | MBC | Common Stock, par value $0.01 per share | 37.2K | Dec 14, 2022 | Direct | F1, F2, F3, F4 |
| Id | Content |
|---|---|
| F1 | In connection with the separation of the Issuer from Fortune Brands Home & Security, Inc. ("FBHS"), effective December 14, 2022 (the "Spin-Off"), each FHBS shareholder received a pro-rata dividend in the form of one share of the Issuer's common stock ("Common Stock") for each share of FBHS common stock held by such shareholder on the record date of December 2, 2022 (the "Record Date"). |
| F2 | In connection with the Spin-Off, because the Reporting Person serves as a non-employee director of both FBHS and the Issuer, the Reporting Person was notionally credited with 34,815 deferred shares of Common Stock, representing a dividend of 1 share for each deferred share of FBHS common stock held by the Reporting Person on the Record Date. Such deferred shares of Common Stock shall be subject to the same terms and conditions applicable to the FBHS deferred shares. |
| F3 | Includes 34,815 deferred shares of Common Stock notionally credited to the Reporting Person's account, which will be issued to the Reporting Person in January following the calendar year in which the Reporting Person ceases to be a member of the Issuer's Board of Directors. |
| F4 | The Reporting Person acquired these shares of Common Stock (including deferred shares) in connection with the Spin-Off and such acquisitions were exempt from Section 16 of the Securities Exchange Act of 1934, as amended ("Exchange Act") pursuant to Rule 16a-9 under the Exchange Act. |
This Form 4 is being filed voluntarily.