Keith J. Allman - Mar 6, 2024 Form 4 Insider Report for MASCO CORP /DE/ (MAS)

Role
President and CEO, Director
Signature
Yvette M. VanRiper by Power of Attorney
Stock symbol
MAS
Transactions as of
Mar 6, 2024
Transactions value $
-$44,645,310
Form type
4
Date filed
3/8/2024, 04:38 PM
Previous filing
Feb 27, 2024
Next filing
May 9, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MAS Common Stock Options Exercise $5.26M +206K +86.13% $25.51 446K Mar 6, 2024 Direct F1
transaction MAS Common Stock Options Exercise $9.19M +193K +43.36% $47.53 639K Mar 6, 2024 Direct F1
transaction MAS Common Stock Options Exercise $6.46M +182K +28.45% $35.52 821K Mar 6, 2024 Direct F1
transaction MAS Common Stock Options Exercise $5.85M +173K +21.11% $33.75 994K Mar 6, 2024 Direct F1
transaction MAS Common Stock Options Exercise $9.22M +164K +16.49% $56.29 1.16M Mar 6, 2024 Direct F1
transaction MAS Common Stock Options Exercise $5.62M +133K +11.53% $42.13 1.29M Mar 6, 2024 Direct F1
transaction MAS Common Stock Options Exercise $6.57M +111K +8.6% $59.15 1.4M Mar 6, 2024 Direct F1
transaction MAS Common Stock Options Exercise $2.72M +48.2K +3.43% $56.56 1.45M Mar 6, 2024 Direct F1
transaction MAS Common Stock Sale -$502K -6.57K -0.45% $76.38 1.44M Mar 6, 2024 Direct F1, F2
transaction MAS Common Stock Sale -$3.24M -42.8K -2.96% $75.71 1.4M Mar 6, 2024 Direct F1, F3
transaction MAS Common Stock Sale -$12.1M -158K -11.31% $76.37 1.24M Mar 6, 2024 Direct F1, F4
transaction MAS Common Stock Sale -$79.7M -1.05M -84.71% $75.71 190K Mar 6, 2024 Direct F1, F5

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 -182K -100% 0 Mar 6, 2024 Common Stock 182K $35.52 Direct F1, F6, F7
transaction MAS Employee Stock Option Options Exercise -111K -66.67% 55.5K Mar 6, 2024 Common Stock 111K $59.15 Direct F1, F7, F8
transaction MAS Employee Stock Option Options Exercise -133K -100% 0 Mar 6, 2024 Common Stock 133K $42.13 Direct F1, F7, F9
transaction MAS Employee Stock Option Options Exercise -164K -100% 0 Mar 6, 2024 Common Stock 164K $56.29 Direct F1, F7, F10
transaction MAS Employee Stock Option Options Exercise -206K -100% 0 Mar 6, 2024 Common Stock 206K $25.51 Direct F1, F7, F11
transaction MAS Employee Stock Option Options Exercise -173K -100% 0 Mar 6, 2024 Common Stock 173K $33.75 Direct F1, F7, F12
transaction MAS Employee Stock Option Options Exercise -193K -100% 0 Mar 6, 2024 Common Stock 193K $47.53 Direct F1, F7, F13
transaction MAS Employee Stock Option Options Exercise -48.2K -33.33% 96.3K Mar 6, 2024 Common Stock 48.2K $56.56 Direct F1, F7, F14
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The reported transaction occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 6, 2023.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $76.26 to $76.87, 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 footnotes (2), (3), (4) and (5) to this Form 4.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $75.21 to $76.19, inclusive.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $76.20 to $77.00, inclusive.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $75.20 to $76.19, inclusive.
F6 This option became exercisable in five equal annual installments commencing February 7, 2020.
F7 Grant of option under the Masco Corporation 2014 Long Term Stock Incentive Plan in transactions exempt under Rule 16b-3.
F8 This option is exercisable in three approximately equal annual installments commencing February 8, 2023.
F9 This option became exercisable in five equal annual installments commencing February 9, 2019.
F10 This option became exercisable in three approximately equal annual installments commencing February 9, 2022.
F11 This option became exercisable in five equal annual installments commencing February 10, 2017.
F12 This option became exercisable in five equal annual installments commencing February 10, 2018.
F13 This option became exercisable in three equal annual installments commencing February 11, 2021.
F14 This option is exercisable in three approximately equal annual installments commencing February 13, 2024.