Forbright (FRBT) EVP James H. Peterson details stock and option holdings
Rhea-AI Filing Summary
Forbright, Inc. executive James H. Peterson has reported his initial ownership in the company. As EVP, he holds 37,927 shares of Class A common stock, including restricted stock awards that vest over several years. He also holds multiple stock option grants with significant potential share exposure.
His direct derivative holdings include stock options covering 40,000 shares at an exercise price of $17.04 per share and 20,000 shares at $13.50 per share, both expiring in 2032, plus 55,000 shares at $17.04 and 65,000 shares at $12.63 per share, expiring in 2031. Footnotes indicate portions of these options and restricted stock awards vest annually and some are subject to performance-based vesting conditions tied to pre-established stock price hurdles.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Peterson James H.
Role
EVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option (right to buy) — 180,000 shares (Direct);
Class A Common Stock — 37,927 shares (Direct)
Footnotes (5)
- F1. Includes (i) 19,545 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; and (ii) 1,500 RSAs granted on March 20, 2026 that vest in three substantially equal annual installments on the first three anniversaries of the grant date.
- F2. These options were granted on July 1, 2021 and vest in five equal annual installments on the first five anniversaries of the grant date, of which 20,000 options are also subject to performance-based vesting conditions based on pre-established stock price hurdles.
- F3. These options were granted on July 1, 2021 and vest in five equal annual installments on the first five anniversaries of the grant date.
- F4. These options were granted on February 16, 2022 and vest in five equal annual installments on the first five anniversaries of the grant date, of which 20,000 options are also subject to performance-based vesting conditions based on pre-established stock price hurdles.
- F5. These options were granted on February 16, 2022 and vest in five equal annual installments on the first five anniversaries of the grant date.
Key Figures
Common stock held: 37,927 shares
Option grant 1 exercise price: $17.04/share
Option grant 1 size: 40,000 shares
+5 more
8 metrics
Common stock held
37,927 shares
Class A Common Stock held directly following transaction
Option grant 1 exercise price
$17.04/share
Stock Option on 40,000 underlying Class A shares, expiring February 16, 2032
Option grant 1 size
40,000 shares
Underlying Class A Common Stock for options at $17.04, expiring 2032-02-16
Option grant 2 exercise price
$13.50/share
Stock Option on 20,000 underlying Class A shares, expiring February 16, 2032
Option grant 3 size
55,000 shares
Underlying Class A shares for options at $17.04, expiring July 1, 2031
Option grant 4 size
65,000 shares
Underlying Class A shares for options at $12.63, expiring July 1, 2031
Restricted stock awards 2025
19,545 RSAs
Granted March 13, 2025; vest in five annual installments
Restricted stock awards 2026
1,500 RSAs
Granted March 20, 2026; vest in three annual installments
Key Terms
restricted stock awards, performance-based vesting conditions, pre-established stock price hurdles, stock option (right to buy), +1 more
5 terms
restricted stock awards financial
"Includes 19,545 restricted stock awards ("RSAs") granted on March 13, 2025 that vest in five substantially equal annual installments"
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.
performance-based vesting conditions financial
"20,000 options are also subject to performance-based vesting conditions based on pre-established stock price hurdles"
pre-established stock price hurdles financial
"subject to performance-based vesting conditions based on pre-established stock price hurdles"
stock option (right to buy) financial
"security_title": "Stock Option (right to buy)""
Class A Common Stock financial
"security_title": "Class A Common Stock""
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does James H. Peterson’s Form 3 filing show for Forbright (FRBT)?
The filing shows EVP James H. Peterson’s initial ownership in Forbright, Inc., including 37,927 Class A common shares and several stock option grants. It establishes his baseline equity position as a senior executive, with both time-based and performance-based vesting components disclosed.
What stock options does James H. Peterson have in Forbright (FRBT)?
He holds several stock option grants on Forbright Class A common stock: 40,000 shares at $17.04, 20,000 shares at $13.50, 55,000 shares at $17.04, and 65,000 shares at $12.63. These options expire in 2031 and 2032, subject to vesting schedules.
How do James H. Peterson’s restricted stock awards in Forbright (FRBT) vest?
He has 19,545 restricted stock awards granted March 13, 2025 that vest in five equal annual installments, plus 1,500 awards granted March 20, 2026 that vest in three equal annual installments. These schedules gradually increase his fully vested ownership if he remains with the company.
Are any of James H. Peterson’s Forbright (FRBT) options performance-based?
Yes. The filing notes that 20,000 options from certain July 1, 2021 and February 16, 2022 grants are subject to performance-based vesting. Vesting depends on meeting pre-established stock price hurdles in addition to time-based service conditions.