Forbright (FRBT) director receives 6,171 RSU equity award in Form 4 filing
Rhea-AI Filing Summary
Forbright, Inc. director Cynthia Flanders received a grant of 6,171 shares of Class A common stock in the form of restricted stock units under the company’s 2026 Omnibus Incentive Plan. The RSUs vest in full at the 2027 annual stockholders’ meeting, contingent on her continued board service.
Each RSU converts into one share of Class A common stock upon vesting. Following this award, Flanders holds a total of 20,021 shares of Class A common stock directly, reflecting a routine, compensation-related equity grant rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 6,171 shares
Net Buy
1 txn
Insider
Flanders Cynthia
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 6,171 | $0.00 | $0.00 |
Holdings After Transaction:
Class A Common Stock — 20,021 shares (Direct)
Footnotes (1)
- F1. Represents restricted stock units ("RSUs") granted under the Issuer's 2026 Omnibus Incentive Plan. The RSUs will vest in full on the date of the Issuer's 2027 annual meeting of stockholders, subject to the Reporting Person's continued service as a member of the Issuer's board of directors through such vesting date. Each RSU represents a contingent right to receive one share of Class A common stock.
Key Figures
RSUs granted: 6,171 shares
Grant price per share: $0.00 per share
Total holdings after grant: 20,021 shares
+3 more
6 metrics
RSUs granted
6,171 shares
Restricted stock units of Class A common stock awarded to director
Grant price per share
$0.00 per share
Reported transaction price for RSU grant
Total holdings after grant
20,021 shares
Class A common stock beneficially owned directly after transaction
Transaction date
June 10, 2026
Date of RSU grant reported in Form 4
Vesting event
2027 annual meeting
RSUs vest in full at Issuer’s 2027 annual stockholders’ meeting
Form 4 code
Code A
Indicates grant, award, or other acquisition of securities
Key Terms
restricted stock units, 2026 Omnibus Incentive Plan, vest in full, contingent right
4 terms
restricted stock units financial
"Represents restricted stock units ("RSUs") granted under the Issuer's 2026 Omnibus Incentive Plan."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2026 Omnibus Incentive Plan financial
"RSUs granted under the Issuer's 2026 Omnibus Incentive Plan."
vest in full financial
"The RSUs will vest in full on the date of the Issuer's 2027 annual meeting of stockholders."
contingent right financial
"Each RSU represents a contingent right to receive one share of Class A common stock."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Forbright (FRBT) director Cynthia Flanders receive in this Form 4?
Cynthia Flanders received 6,171 restricted stock units of Forbright Class A common stock as a board compensation grant. These RSUs were awarded under the 2026 Omnibus Incentive Plan and are not an open-market purchase of shares.
When do Cynthia Flanders’ Forbright (FRBT) RSUs from this grant vest?
The 6,171 restricted stock units vest in full on the date of Forbright’s 2027 annual meeting of stockholders. Vesting is conditioned on Flanders continuing to serve on the company’s board of directors through that meeting date.
Is Cynthia Flanders’ Forbright (FRBT) transaction an open-market buy or a compensation award?
The transaction is a compensation-related award, not an open-market buy. The Form 4 uses code “A,” indicating a grant or award of 6,171 restricted stock units under Forbright’s 2026 Omnibus Incentive Plan for board service.
What does each restricted stock unit in this Forbright (FRBT) filing represent?
Each restricted stock unit represents a contingent right to receive one share of Forbright Class A common stock. The shares are only delivered if the vesting condition is met at the 2027 annual meeting while Flanders remains on the board.
Does this Forbright (FRBT) Form 4 indicate any stock option exercises or sales?
No, this Form 4 only reports a grant of restricted stock units. There are no derivative exercises, sales, gifts, or tax-withholding dispositions disclosed. It reflects a straightforward equity award for board service at Forbright.