Jai Shah - 27 Feb 2024 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
27 Feb 2024
Net transactions value
-$2,846,869
Form type
4
Filing time
29 Feb 2024, 16:37:51 UTC
Previous filing
27 Feb 2024
Next filing
16 Apr 2024
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 $323,977 +12,700 +30% $25.51 54,960 27 Feb 2024 Direct
transaction MAS Common Stock Options Exercise $78,431 +3,422 +6.2% $22.92 58,382 27 Feb 2024 Direct
transaction MAS Common Stock Sale $1,230,989 -16,122 -28% $76.35 42,260 27 Feb 2024 Direct F1
transaction MAS Common Stock Sale $2,018,287 -26,430 -63% $76.36 15,830 27 Feb 2024 Direct F2

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 -12,700 -100% 0 27 Feb 2024 Common Stock 12,700 $25.51 Direct F3, F4
transaction MAS Employee Stock Option Options Exercise -3,422 -100% 0 27 Feb 2024 Common Stock 3,422 $22.92 Direct F4, F5, F6
* 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 $76.35 to $76.40, 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 footnote (1) to this Form 4.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $76.35 to $76.41, 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 footnote (2) to this Form 4.
F3 This option became exercisable in five equal annual installments commencing February 10, 2017.
F4 Grant of option under the Masco Corporation 2014 Long Term Stock Incentive Plan in transactions exempt under Rule 16b-3.
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.