Forbright (FRBT) CFO Lynch has shares withheld to cover tax on vested stock
Rhea-AI Filing Summary
Forbright, Inc. EVP and CFO Christopher Spencer Lynch reported a Form 4 reflecting a tax-withholding disposition of Class A Common Stock. On August 7, 2026, 4,915 shares were withheld by the company at a price of $19.08 per share to satisfy tax obligations arising from the vesting of 10,000 restricted shares. Following this withholding, Lynch directly holds 98,688 shares, including multiple restricted stock awards with multi-year vesting schedules.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 4,915 shares
Net Sell
1 txn
Insider
Lynch Christopher Spencer
Role
EVP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock F1, F2, F3 | 4,915 | $19.08 | $94K |
Holdings After Transaction:
Class A Common Stock — 98,688 shares (Direct)
Footnotes (3)
- F1. Represents shares withheld by the Issuer for the satisfaction of the Reporting Person's tax withholding obligations in connection with the vesting of 10,000 shares of restricted stock on August 7, 2026.
- F2. Reflects market closing price on August 7, 2026.
- F3. Includes (i) 25,130 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) 13,500 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) 46,875 RSAs granted on April 29, 2026 that vest in three substantially equal annual installments on the first three anniversaries of the grant date.
Key Figures
Shares withheld for tax: 4,915 shares
Withholding price per share: $19.08 per share
Shares held after transaction: 98,688 shares
+3 more
6 metrics
Shares withheld for tax
4,915 shares
Class A Common Stock withheld on August 7, 2026 for tax withholding obligations
Withholding price per share
$19.08 per share
Market closing price on August 7, 2026 applied to withheld shares
Shares held after transaction
98,688 shares
Direct Class A Common Stock holdings following the tax-withholding disposition
RSAs granted March 13, 2025
25,130 RSAs
Vest in five substantially equal annual installments from the grant date
RSAs granted February 12, 2026
13,500 RSAs
Vest in three substantially equal annual installments from the grant date
RSAs granted April 29, 2026
46,875 RSAs
Vest in three substantially equal annual installments from the grant date
Key Terms
restricted stock awards, vesting, tax withholding obligations, market closing price
4 terms
restricted stock awards financial
"Includes 25,130 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.
vesting financial
"for the satisfaction of the Reporting Person's tax withholding obligations in connection with the vesting of 10,000 shares"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
tax withholding obligations financial
"shares withheld by the Issuer for the satisfaction of the Reporting Person's tax withholding obligations"
market closing price financial
"Reflects market closing price on August 7, 2026."
FAQ
What insider transaction did Forbright (FRBT) report for CFO Christopher Spencer Lynch?
Forbright (FRBT) reported that EVP and CFO Christopher Spencer Lynch had 4,915 shares of Class A Common Stock withheld on August 7, 2026 to satisfy tax withholding obligations from the vesting of 10,000 restricted shares.
What restricted stock awards does Christopher Spencer Lynch hold in Forbright (FRBT)?
Lynch’s holdings include 25,130 RSAs granted March 13, 2025 (5 annual installments), 13,500 RSAs granted February 12, 2026 (3 installments), and 46,875 RSAs granted April 29, 2026 (3 installments), all vesting in substantially equal annual tranches.
AI-generated analysis. How Rhea-AI works. Not financial advice.