Forbright CEO John Delaney reports share holdings
Forbright, Inc. filed an initial ownership report for Chief Executive Officer John K. Delaney, detailing his existing holdings in Class A common stock and stock options.
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Form Type
3
Rhea-AI Filing Summary
Forbright, Inc. filed an initial ownership report for Chief Executive Officer John K. Delaney, detailing his existing holdings in Class A common stock and stock options. The filing lists both direct and indirect positions, including restricted stock awards that vest over time and large option grants with 2031 expiration dates.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
DELANEY JOHN K
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option (right to buy) — 3,805,000 contracts (Direct);
Class A Common Stock — 1,697,289 shares (Direct);
Class A Common Stock — 125,000 shares (Indirect, By AMD 09 LLC);
Class A Common Stock — 125,000 shares (Indirect, By JKD 09 LLC);
Class A Common Stock — 49,946 shares (Indirect, By SBLG Family Investment LLC)
Footnotes (6)
- F1. Includes (i) 38,195 restricted stock awards ("RSAs") granted on March 13, 2025 that vest in five substantially equal annual installments on the first five anniversaries of the grant date; (ii) 18,000 RSAs granted on February 12, 2026 that vest in three substantially equal annual installments on the first three anniversaries of the grant date; and (iii) 121,875 RSAs granted on April 29, 2026 that vest in three substantially equal annual installments on the first three anniversaries of the grant date.
- F2. These shares are held by AMD 09 LLC ("AMD"). April Delaney, the spouse of the Reporting Person has the power to vote and dispose of the shares held by AMD. The Reporting Person disclaims beneficial ownership of the shares held by AMD, except to the extent of his pecuniary interest therein.
- F3. These shares are held by JKD 09 LLC ("JKD"). The Reporting Person has the sole power to vote and dispose of the shares held by JKD. The Reporting Person disclaims beneficial ownership of the shares held by JKD, except to the extent of his pecuniary interest therein.
- F4. These shares are held by SBLG Family Investment LLC ("SBLG"). The Reporting Person has sole power to vote and dispose of the shares held by SBLG. The Reporting Person disclaims beneficial ownership of the shares held by SBLG, except to the extent of his pecuniary interest therein.
- F5. These options were granted on April 15, 2021 and vest in five equal annual installments on the first five anniversaries of the grant date, of which 840,000 options are also subject to performance-based vesting conditions based on pre-established stock price hurdles.
- F6. These options were granted on April 15, 2021 and vest in five equal annual installments on the first five anniversaries of the grant date.
Key Figures
Direct common stock holding: 1,697,289 shares
Indirect SBLG holding: 49,946 shares
Indirect JKD 09 holding: 125,000 shares
+5 more
8 metrics
Direct common stock holding
1,697,289 shares
Class A common stock held directly following Form 3
Indirect SBLG holding
49,946 shares
Class A common stock via SBLG Family Investment LLC
Indirect JKD 09 holding
125,000 shares
Class A common stock via JKD 09 LLC
Indirect AMD 09 holding
125,000 shares
Class A common stock via AMD 09 LLC
Stock options at $17.04
1,640,000 shares
Stock options exercisable at $17.04, expiring April 15, 2031
Stock options at $12.63
2,165,000 shares
Stock options exercisable at $12.63, expiring April 15, 2031
Performance-based options
840,000 options
Portion of $17.04 options subject to stock price hurdles
Restricted stock awards
178,070 RSAs
Grants from 2025 and 2026 with multi-year vesting schedules
Key Terms
restricted stock awards, RSAs, Stock Option (right to buy, performance-based vesting conditions, +1 more
5 terms
restricted stock awards financial
"Includes (i) 38,195 restricted stock awards ("RSAs") granted on March 13, 2025..."
Restricted stock awards are company shares given to employees or executives that cannot be sold or transferred until certain conditions — like staying with the company for a set time or meeting performance targets — are met, like a gift that is locked in a safe until rules are satisfied. Investors care because these awards tie management’s pay to company performance, can increase the number of shares outstanding when they become tradable (dilution), and may signal expected future selling pressure or commitment to long-term growth.
RSAs financial
"38,195 restricted stock awards ("RSAs") granted on March 13, 2025 that vest..."
Stock Option (right to buy financial
"security_title": "Stock Option (right to buy)""
performance-based vesting conditions financial
"840,000 options are also subject to performance-based vesting conditions based on pre-established stock price hurdles."
pecuniary interest financial
"The Reporting Person disclaims beneficial ownership... except to the extent of his pecuniary interest therein."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider holdings did Forbright (FRBT) CEO John K. Delaney report?
John K. Delaney reported direct ownership of 1,697,289 shares of Forbright Class A common stock, plus several indirect holdings through LLCs. He also holds substantial stock options, giving him additional potential exposure if the options vest and are exercised.
What stock options did John K. Delaney report in his Forbright (FRBT) Form 3?
Delaney reported stock options over 1,640,000 shares at an exercise price of $17.04 and options over 2,165,000 shares at $12.63. Both option grants were issued on April 15, 2021 and expire on April 15, 2031, subject to vesting conditions.
What restricted stock awards does John K. Delaney hold in Forbright (FRBT)?
The filing notes 38,195 restricted stock awards granted March 13, 2025, 18,000 granted February 12, 2026, and 121,875 granted April 29, 2026. These RSAs vest in substantially equal annual installments over three or five years, depending on the grant date.
Do John K. Delaney’s Forbright (FRBT) options have performance-based vesting?
Footnotes state that of the 1,640,000 options at a $17.04 exercise price, 840,000 are subject to performance-based vesting tied to pre-established stock price hurdles. The remaining options vest in equal annual installments over five years from the April 15, 2021 grant date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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