Kenneth G. Cole - Dec 4, 2023 Form 4 Insider Report for MASCO CORP /DE/ (MAS)

Signature
Yvette M. VanRiper by Power of Attorney
Stock symbol
MAS
Transactions as of
Dec 4, 2023
Transactions value $
-$1,069,726
Form type
4
Date filed
12/5/2023, 04:52 PM
Previous filing
Jun 8, 2023
Next filing
Jan 16, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MAS Common Stock Options Exercise $620K +27K +38.52% $22.92 97.2K Dec 4, 2023 Direct
transaction MAS Common Stock Sale -$1.69M -27K -27.81% $62.48 70.2K Dec 4, 2023 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 -27K -100% 0 Dec 4, 2023 Common Stock 27K $22.92 Direct F2, F3, F4
* 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 $62.45 to $62.53, 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 range set forth in this footnote (1) to this Form 4.
F2 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.
F3 This option became exercisable in five equal annual installments commencing February 11, 2016.
F4 Grant of option under the Masco Corporation 2014 Long Term Stock Incentive Plan in transactions exempt under Rule 16b-3.