Green Brick Partners (GRBK) director reports restricted stock grant and share sale
Rhea-AI Filing Summary
Green Brick Partners, Inc. director Richard S. Press reported both an equity award and a sale of common stock. He received a grant of 2,036 shares of restricted common stock at a reported price of $0.00 per share as an annual award under the company’s 2024 Omnibus Equity Incentive Plan, which vests in full on the first anniversary of the grant date. On the same date, he sold 2,500 shares of common stock in an open-market transaction at $72.02 per share. After these transactions, he directly held 82,674 common shares. The filing also notes additional indirect holdings in custodial UTMA accounts for his grandchildren, in a trust for which he serves as trustee, and in shares held by his spouse as separate property, with beneficial ownership of certain of these indirect holdings disclaimed except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,036 | $0.00 | -- |
| Sale | Common Stock | 2,500 | $72.02 | $180K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Represents (i) an annual award of shares of restricted common stock issued to non-employee directors pursuant to the Issuer's 2024 Omnibus Equity Incentive Plan. The shares of restricted common stock vest in full on the first anniversary of the date of grant of the shares of restricted common stock. Represents securities held in 7 separate custodial accounts under the UTMA. The Reporting Person is the custodian of the UTMA accounts for the benefit of his grandchildren. For purposes of Section 16 of the Exchange Act, the Reporting Person disclaims beneficial ownership of any such securities, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 or otherwise. Represents securities held by the Trust UW B Press. As a Trustee of the Trust UW B Press, the Reporting Person may be deemed to exercise voting and investment power over the shares held directly by the Trust UW B Press. The shares reported are held directly by the spouse of the Reporting Person as separate property. For purposes of Section 16 of the Exchange Act, the Reporting Person disclaims beneficial ownership of any such securities, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 or otherwise.