Green Brick (GRBK) president Jed Dolson granted new RSU and PSU awards
Rhea-AI Filing Summary
Dolson Jed reported acquisition or exercise transactions in this Form 4 filing.
Green Brick Partners, Inc. President and COO Jed Dolson reported equity compensation grants in the form of restricted stock units and performance-based restricted stock units. On the grant date, he received 12,816 restricted stock units and two separate grants of 12,816 performance-based restricted stock units, each convertible into common stock on a one-for-one basis upon vesting. The restricted stock units vest in three equal installments on the first, second, and third anniversaries of the grant date under the company’s long-term incentive program and 2024 omnibus incentive plan. The performance-based units are earned based on company performance, with each award eligible to be earned between 50% and 200% of target if the company exceeds threshold performance, and once earned, they vest on the third anniversary of the grant date. Following these awards, Dolson also holds 269,724 shares of common stock directly and 4,056 shares indirectly through a trust where he serves as co-trustee with his spouse.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 12,816 | $0.00 | -- |
| Grant/Award | Performance Based Restricted Stock Units | 12,816 | $0.00 | -- |
| Grant/Award | Performance Based Restricted Stock Units | 12,816 | $0.00 | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Performance Based Restricted Stock Units | -- | -- | -- |
| holding | Performance Based Restricted Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Reporting person serves as co-trustee with his spouse of a trust established for the benefit of his minor children. The Restricted Stock Units ("RSUs") convert into shares of Common Stock on a one-for-one basis upon vesting. These RSUs were granted pursuant to the Company's Long-Term Incentive Program (the "LTIP") under its 2024 Omnibus Incentive Plan (the "Plan") and vest equally on the first, second and third anniversary of the Grant Date. The Performance Based Restricted Stock Units ("PSUs") convert into shares of Common Stock on a one-for-one basis upon vesting. These PSUs were granted pursuant to the Company's LTIP and are earned in four segments, (1) 16.66% are earned based on performance during the first year, (2) 16.67% are earned based on performance during each of the second and third years and (3) 50% are earned based on the Company's three-year performance. The PSUs in each segment can be earned between 50% and 200% based on the Company's performance, provided that the Company's performance exceeds the threshold performance level. Once earned, the PSUs vest on the third anniversary of the Grant Date. These PSUs were granted pursuant to the Company's LTIP and are earned between 50% and 200% based on the Company's performance, provided that the Company's performance exceeds the threshold performance level. Once earned, the PSUs vest on the third anniversary of the Grant Date.
FAQ
What equity awards did Jed Dolson report on this Green Brick (GRBK) Form 4?
How do Jed Dolson’s Green Brick (GRBK) restricted stock units vest?
How are Jed Dolson’s performance-based RSUs at Green Brick (GRBK) earned and vested?
What Green Brick (GRBK) common stock holdings does Jed Dolson report after these grants?
Are Jed Dolson’s Green Brick (GRBK) awards part of a specific incentive plan?