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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Schedule Of Stock Based Compensation Expense And The Resulting Tax Benefits
Stock-based compensation expense, including expense recognized under both the Fortune Brands’ Long-Term Incentive Plans and the MasterBrand, Inc. 2022 Long-Term Incentive Plan, was as follows:
(U.S. Dollars presented in millions)202320222021
Performance awards $1.2 $3.2 $2.3 
Restricted stock units 15.6 6.2 6.2 
Stock option awards 1.0 1.5 0.8 
Total pre-tax expense17.8 10.9 9.3 
Tax benefit 4.2 3.0 2.0 
Total after tax expense $13.6 $7.9 $7.3 
Share-Based Payment Arrangement, Performance Shares, Activity The following table summarizes activity with respect to performance share awards outstanding under the MasterBrand, Inc. Plan:
Number of
Performance Share Awards
Weighted-
Average Grant-
Date Fair Value
Non-vested at December 25, 2022
— $— 
Granted 411,647 $9.91 
Vested (9,332)$10.71 
Forfeited — $— 
Non-vested at December 31, 2023
402,315 $9.92 
Schedule of Nonvested Restricted Stock Units Activity
The following table summarizes activity with respect to RSUs outstanding under the MasterBrand, Inc. Plan:
Number of
Restricted
Stock
Units
Weighted-
Average Grant-
Date Fair Value
Non-vested at December 25, 2022
3,924,976 $8.98 
Granted 1,254,704 $10.28 
Vested (1,019,865)$9.19 
Forfeited (160,496)$9.19 
Non-vested at December 31, 2023
3,999,319 $9.32 
Schedule of Stock Options Roll Forward
A summary of MasterBrand, Inc. stock option activity for the year ended December 31, 2023 was as follows:
OptionsWeighted-
Average
Exercise
Price
Outstanding at December 25, 2022
1,334,292 $9.36 
Granted — $— 
Exercised — $— 
Expired/forfeited — $— 
Outstanding at December 31, 2023
1,334,292$9.36 
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions
Options outstanding and exercisable at December 31, 2023 were as follows:
Options Outstanding(a)
Options Exercisable(b)
Range Of
Exercise Prices
Options
Outstanding
Weighted-
Average
Remaining
Contractual Life
Weighted-
Average
Exercise
Price
Options
Exercisable
Weighted-
Average
Exercise
Price
$5.92 to $10.76
1,334,2926.60$9.36 1,022,298$8.94 
(a) At December 31, 2023, the aggregate intrinsic value of options outstanding was $7.3 million (as compared to $0.2 million at December 25, 2022).
(b) At December 31, 2023 the weighted-average remaining contractual life of options exercisable was 6.2 years (as compared to 6.7 years at December 25, 2022) and the aggregate intrinsic value of options exercisable was $6.0 million (as compared to $0.2 million at December 25, 2022.