Jai Shah - Feb 27, 2024 Form 4 Insider Report for MASCO CORP /DE/ (MAS)

Role
Group President
Signature
Yvette M. VanRiper by Power of Attorney
Stock symbol
MAS
Transactions as of
Feb 27, 2024
Transactions value $
-$2,846,869
Form type
4
Date filed
2/29/2024, 04:37 PM
Previous filing
Feb 27, 2024
Next filing
Apr 16, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MAS Common Stock Options Exercise $324K +12.7K +30.05% $25.51 55K Feb 27, 2024 Direct
transaction MAS Common Stock Options Exercise $78.4K +3.42K +6.23% $22.92 58.4K Feb 27, 2024 Direct
transaction MAS Common Stock Sale -$1.23M -16.1K -27.61% $76.35 42.3K Feb 27, 2024 Direct F1
transaction MAS Common Stock Sale -$2.02M -26.4K -62.54% $76.36 15.8K Feb 27, 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 -12.7K -100% 0 Feb 27, 2024 Common Stock 12.7K $25.51 Direct F3, F4
transaction MAS Employee Stock Option Options Exercise -3.42K -100% 0 Feb 27, 2024 Common Stock 3.42K $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.