Forbright EVP Housley reports equity holdings
Forbright, Inc. executive vice president and chief accounting officer Michael Housley filed an initial ownership report showing his equity holdings.
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Form Type
3
Rhea-AI Filing Summary
Forbright, Inc. executive vice president and chief accounting officer Michael Housley filed an initial ownership report showing his equity holdings. He directly holds 12,331 shares of Class A common stock, including 9,375 restricted stock awards granted on April 29, 2026 that vest in three annual installments.
Housley also holds stock options over 38,000 Class A shares at an exercise price of $17.04 per share and options over 42,000 Class A shares at $12.63 per share, each expiring on July 1, 2031 and vesting in five equal annual installments, with 14,000 of the higher-priced options subject to performance-based stock price hurdles.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Housley Michael
Role
EVP and CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| 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) — 80,000 contracts (Direct);
Class A Common Stock — 12,331 shares (Direct)
Footnotes (3)
- F1. Includes (i) 9,375 restricted stock awards ("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 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 14,000 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.
Key Figures
Direct Class A shares: 12,331 shares
Restricted stock awards: 9,375 RSAs
Option grant 1 underlying shares: 38,000 shares
+5 more
8 metrics
Direct Class A shares
12,331 shares
Total Class A common stock directly held following report
Restricted stock awards
9,375 RSAs
Granted April 29, 2026; vest in three annual installments
Option grant 1 underlying shares
38,000 shares
Stock option at $17.04 exercise price, expiring July 1, 2031
Option grant 1 exercise price
$17.04/share
Stock Option (right to buy) over 38,000 Class A shares
Option grant 2 underlying shares
42,000 shares
Stock option at $12.63 exercise price, expiring July 1, 2031
Option grant 2 exercise price
$12.63/share
Stock Option (right to buy) over 42,000 Class A shares
Performance-based options
14,000 options
Portion of July 1, 2021 grant subject to stock price hurdles
Option expiration
July 1, 2031
Expiration date for both reported stock option grants
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) 9,375 restricted stock awards ("RSAs") granted on April 29, 2026"
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
"9,375 restricted stock awards ("RSAs") granted on April 29, 2026"
Stock Option (right to buy financial
"security_title": "Stock Option (right to buy)"
performance-based vesting conditions financial
"14,000 options are also subject to performance-based vesting conditions based on pre-established stock price hurdles"
stock price hurdles financial
"subject to performance-based vesting conditions based on pre-established stock price hurdles"
"Stock price hurdles" are specific price levels that investors watch closely because reaching them can signal a potential change in the stock's future. Think of them like checkpoints in a video game; once the stock hits these levels, it might trigger new buying or selling activity, affecting whether the price goes up or down.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does Michael Housley’s Form 3 filing for Forbright (FRBT) show?
The Form 3 shows Michael Housley’s initial ownership in Forbright Class A common stock and options. It discloses 12,331 shares held directly plus multiple stock option awards with specific exercise prices, vesting schedules, and a 2031 expiration date.
What restricted stock awards are reported in Michael Housley’s Forbright (FRBT) Form 3?
The filing reports 9,375 restricted stock awards granted on April 29, 2026. These RSAs vest in three substantially equal annual installments on the first three anniversaries of the grant date, subject to continued service and any plan terms.
What stock options does Michael Housley hold in Forbright (FRBT)?
Housley holds two stock option grants expiring July 1, 2031. One covers 38,000 underlying shares at an exercise price of $17.04, and another covers 42,000 underlying shares at $12.63, both vesting in five equal annual installments from July 1, 2021.
Are any of Michael Housley’s Forbright (FRBT) options performance-based?
Yes. Of the options granted on July 1, 2021 at a $17.04 exercise price, 14,000 options are also subject to performance-based vesting conditions tied to pre-established stock price hurdles, in addition to time-based vesting requirements.
Does Michael Housley’s Form 3 for Forbright (FRBT) show recent buying or selling?
The Form 3 functions as an initial ownership statement and lists holdings rather than new trades. The transaction summary shows holding entries with unknown codes, and buyCount and sellCount are both zero in the provided data.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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