leadership
confidence high
sentiment neutral
materiality 0.75
Fortune Brands Innovations files CEO Jesse Singh's employment contract with $1.1M salary, large equity grants
Fortune Brands Innovations, Inc.
- CEO Jesse Singh base salary $1.1M; target bonus 150% of base; LTIP target $6.7M annually.
- Sign-on stock option for 300,000 shares (10-year, 1/3 annual vesting) and inducement award of up to 850,000 shares tied to $80/$100/$125 stock price targets.
- Severance provides 24 months salary+bonus (36 months on change in control); must hold 6x salary in stock within 5 years.
- Must purchase at least $1M of FBIN stock in first open trading window; at-will employment confirmed.