Green Brick Partners (GRBK) EVP converts RSUs, withholds 320 shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Green Brick Partners EVP of Land Bobby L. Samuel III reported equity compensation activity. On 2026-03-03, he exercised 930 Restricted Stock Units, which converted into 930 shares of Common Stock at $0.00 per share under the company’s long-term incentive plan.
On the same date, 320 Common Stock shares were withheld at $72.40 per share to cover taxes due upon vesting, a tax-withholding disposition rather than an open-market sale. Following these transactions, he directly held 4,939 shares of Green Brick Partners Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
930 shares exercised/converted
Mixed
9 txns
Insider
SAMUEL BOBBY L III
Role
EVP of Land
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 930 | $0.00 | -- |
| Exercise | Common Stock | 930 | $0.00 | -- |
| Tax Withholding | Common Stock | 320 | $72.40 | $23K |
| holding | Performance Based Restricted Stock Units | -- | -- | -- |
| holding | Performance Based Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 1,860 shares (Direct);
Common Stock — 5,259 shares (Direct);
Performance Based Restricted Stock Units — 2,790 shares (Direct)
Footnotes (1)
- Represents the vesting of Restricted Stock Units ("RSUs") that were granted pursuant to the Company's Long-Term Incentive Program (the ("LTIP") under its 2024 Omnibus Incentive Plan (the "Plan"). Reflects shares withheld for taxes payable upon the vesting of the RSUs. The RSUs convert into shares of Common Stock on a one-for-one basis upon vesting. These RSUs were granted pursuant to the Company's LTIP under the Plan and vest equally on the first, second and third anniversary of the Grant Date. These 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 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 in four segments, (1) 16.66% are earned based on performance during 2025, (2) 16.67% are earned based on performance during each of 2026 and 2027 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.
FAQ
What insider transactions did GRBK executive Bobby L. Samuel III report?
Bobby L. Samuel III reported vesting of 930 Restricted Stock Units that converted into 930 Common Stock shares, plus a related tax-withholding disposition of 320 Common Stock shares at $72.40 per share, all on March 3, 2026, under Green Brick Partners’ long-term incentive plan.
Did the GRBK insider Form 4 show any open-market stock sales?
The Form 4 shows no open-market sales. It reports RSU vesting that converted into Common Stock and a disposition coded “F,” meaning shares were withheld to pay taxes due on the vesting, not sold on the open market, consistent with typical equity compensation mechanics.
What are the key terms of the GRBK Restricted Stock Units reported in this Form 4?
The Restricted Stock Units were granted under Green Brick Partners’ Long-Term Incentive Program and 2024 Omnibus Incentive Plan. Footnotes state RSUs convert into Common Stock on a one-for-one basis upon vesting and may vest in equal installments on the first three anniversaries of the grant date.
How do the performance-based RSUs (PSUs) for GRBK’s EVP of Land work?
The performance-based RSUs convert into Common Stock one-for-one once earned. They can be earned between 50% and 200% of target based on company performance above a threshold, with segments tied to 2025–2027 results and three-year performance, then vesting on the third anniversary of grant.