John P. Lindow - 28 Oct 2021 Form 4 Insider Report for MASCO CORP /DE/ (MAS)

Role
VP, Controller and CAO
Signature
Yvette M. VanRiper by Power of Attorney
Issuer symbol
MAS
Transactions as of
28 Oct 2021
Net transactions value
-$2,661,570
Form type
4
Filing time
29 Oct 2021, 16:19:12 UTC
Next filing
30 Dec 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MAS Common Stock Options Exercise $538,899 +21,125 +71% $25.51 50,713 28 Oct 2021 Direct
transaction MAS Common Stock Options Exercise $441,407 +19,259 +38% $22.92 69,972 28 Oct 2021 Direct
transaction MAS Common Stock Options Exercise $456,300 +13,520 +19% $33.75 83,492 28 Oct 2021 Direct
transaction MAS Common Stock Options Exercise $257,698 +13,105 +16% $19.66 96,597 28 Oct 2021 Direct
transaction MAS Common Stock Sale $4,355,873 -67,009 -69% $65.00 29,588 28 Oct 2021 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MAS Employee Stock Option Options Exercise -21,125 -100% 0 28 Oct 2021 Common Stock 21,125 $25.51 Direct F2, F3
transaction MAS Employee Stock Option Options Exercise -13,520 -80% 3,380 28 Oct 2021 Common Stock 13,520 $33.75 Direct F3, F4
transaction MAS Employee Stock Option Options Exercise -19,259 -100% 0 28 Oct 2021 Common Stock 19,259 $22.92 Direct F3, F5, F6
transaction MAS Employee Stock Option Options Exercise -13,105 -100% 0 28 Oct 2021 Common Stock 13,105 $19.66 Direct F3, F5, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $64.74 to $65.30, inclusive. The reporting person undertakes to provide to Masco Corporation, any security holder of Masco Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (1) to this Form 4.
F2 This option became exercisable in five equal annual installments commencing February 10, 2017.
F3 Grant of option under the Masco Corporation 2014 Long Term Stock Incentive Plan in transactions exempt under Rule 16b-3.
F4 This option, representing a right to purchase a total of 16,900 shares, is exercisable in five equal annual installments of 3,380 shares commencing February 10, 2018.
F5 In connection with the spin-off of TopBuild Corp. by Masco Corporation ("Masco") on June 30, 2015, outstanding stock options granted under the Masco 2014 Long Term Stock Incentive Plan by Masco to all plan participants, including to the reporting person, were adjusted on a value neutral basis to preserve the options' pre-spin intrinsic value.
F6 This option became exercisable in five equal annual installments commencing February 11, 2016.
F7 This option became exercisable in five equal annual installments commencing February 12, 2015.