Imran Ahmad - 13 Feb 2023 Form 4 Insider Report for MASCO CORP /DE/ (MAS)

Role
Group President
Signature
Yvette M. VanRiper by Power of Attorney
Issuer symbol
MAS
Transactions as of
13 Feb 2023
Net transactions value
$0
Form type
4
Filing time
15 Feb 2023, 16:22:01 UTC
Next filing
28 Feb 2023
SEC
View on sec.gov

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 Phantom Restricted Stock Unit Award $0 +4,000 $0.000000 4,000 13 Feb 2023 Common Stock 4,000 Direct F1, F2, F3
transaction MAS Stock Appreciation Right Award $0 +22,170 $0.000000 22,170 13 Feb 2023 Common Stock 22,170 $56.56 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each unit of a Phantom Restricted Stock Unit is the cash equivalent of the fair market value of one share of Common Stock. The unit of Phantom Restricted Stock will be settled in cash upon each applicable annual vesting date.
F2 Each unit of a Phantom Restricted Stock Unit became convertible into the cash equivalent of the fair market value of one share of Common Stock in three equal annual installments commencing on the annual vesting date of the year following the year of grant. The date exercisable represents the first vesting date for this Phantom Restricted Stock Unit.
F3 Represents holdings as of February 13, 2023.
F4 Each Stock Appreciation Right will become convertible into the cash equivalent of the fair market value of the gain in the price of one share of Common Stock in three equal annual installments, commencing on the one-year anniversary of the grant date. The date exercisable represents the first vesting date for this Stock Appreciation Right. Each Stock Appreciation Right has an expiration date of February 13, 2033.