Were Steven P. Raia’s TopBuild (BLD) share awards open-market purchases or grants?

The transactions were stock grants, not open-market purchases. They are coded as awards and described as grants or other acquisitions, indicating compensation-related equity rather than Raia buying shares directly on the market.

What role does Steven P. Raia hold at TopBuild (BLD) related to these awards?

Steven P. Raia is identified as an officer of TopBuild with the title “Pres, Sp Ops & Exec Adv.” The reported equity awards reflect compensation for this leadership role and are held directly in his name according to the ownership coding.

Do the TopBuild (BLD) share awards give Steven P. Raia immediate full ownership?

The awards do not provide full immediate ownership of all shares. Time-based awards vest over three years, and performance-based awards vest after about three years, contingent on meeting performance metrics, so actual ownership builds gradually over time.

TopBuild (BLD) awards 1,780 time- and performance-based shares to executive

Filing Impact

(Very High)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Raia Steven P reported acquisition or exercise transactions in this Form 4 filing.

TopBuild Corp executive Steven P. Raia received equity awards of 1,780 shares of common stock on February 17, 2026. The awards were granted in three tranches at a grant-date price of $545.06 per share.

According to the terms, time-based restricted shares vest in three equal annual installments beginning around the first anniversary of the grant. Performance-based shares vest around the third anniversary, depending on achievement of specified performance metrics that can range from 0% to 200%.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Raia Steven P

Role Pres, Sp Ops & Exec Adv

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	712	$545.06	$388K
Grant/Award	Common Stock	534	$545.06	$291K
Grant/Award	Common Stock	534	$545.06	$291K

Holdings After Transaction: Common Stock — 7,719 shares (Direct)

Footnotes (1)

Time based shares vest in three equal annual installments, beginning on or about the first anniversary of the grant. Performance shares vest on or about the third anniversary of the grant pursuant to the achievement of certain performance metrics ranging from 0% to 200%.

Form 4 Insider Transactions: What Each Field Means →

02/18/2026 - 05:50 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a 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). See Instruction 10.

1. Name and Address of Reporting Person^*

Raia Steven P

(Last)

(First)

(Middle)

C/O TOPBUILD CORP.

475 NORTH WILLIAMSON BOULEVARD

(Street)

DAYTONA BEACH

32114

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
TopBuild Corp [ BLD ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Pres, Sp Ops & Exec Adv

3. Date of Earliest Transaction (Month/Day/Year)
02/17/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	02/17/2026		A		712⁽¹⁾	A	$545.06	7,719	D
Common Stock	02/17/2026		A		534⁽²⁾	A	$545.06	8,253	D
Common Stock	02/17/2026		A		534⁽²⁾	A	$545.06	8,787	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Time based shares vest in three equal annual installments, beginning on or about the first anniversary of the grant.

2. Performance shares vest on or about the third anniversary of the grant pursuant to the achievement of certain performance metrics ranging from 0% to 200%.

	/s/ Luis M Machado, Attorney-in-Fact	02/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did TopBuild (BLD) report for Steven P. Raia?

TopBuild reported that executive Steven P. Raia received equity awards totaling 1,780 shares of common stock. The shares were granted in three tranches at a grant-date price of $545.06 per share on February 17, 2026 as part of compensation.

How do the time-based TopBuild (BLD) shares granted to Steven P. Raia vest?

The time-based shares vest in three equal annual installments. Vesting begins on or about the first anniversary of the grant date, spreading the ownership of these awarded shares over approximately three years, subject to the underlying award conditions.

How do the performance-based TopBuild (BLD) shares for Steven P. Raia vest?

The performance shares vest on or about the third anniversary of the grant. Actual vesting depends on achieving specified performance metrics, with possible outcomes ranging from 0% to 200% of the target share amount, based on performance.