Green Brick CFO exercises RSUs, withholds shares
Green Brick Partners CFO Jeffery Dean Cox reported equity award activity in company stock.
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Rhea-AI Filing Summary
Green Brick Partners CFO Jeffery Dean Cox reported equity award activity in company stock. On the transaction date, 235 Restricted Stock Units vested and converted into 235 shares of common stock at a stated price of $0.00 per share under the company’s 2024 Omnibus Incentive Plan.
Of the shares received, 93 common shares were surrendered at $70.26 per share to cover taxes due at vesting, leaving 734 common shares held directly afterward. Cox also continues to hold time-based and performance-based RSUs that convert into common stock on a one-for-one basis if and when they vest under the long-term incentive program.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 235 | $0.00 | $0.00 |
| Exercise | Common Stock | 235 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 93 | $70.26 | $7K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Performance Based Restricted Stock Units | -- | -- | -- |
| holding | Performance Based Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
Footnotes (7)
- F1. Represents the Restricted Stock Units ("RSU"s) that vested under the Company's 2024 Omnibus Incentive Plan (the "Plan").
- F2. Reflects shares withheld for taxes payable upon the vesting of the RSUs.
- F3. The RSUs convert into shares of Common Stock on a one-for-one basis upon vesting.
- F4. These RSUs were granted pursuant to the Company's Long-Term Incentive Program ("LTIP") under the Plan and vest equally on the first, second and third anniversary of the Grant Date.
- F5. These Performance-Based Restricted Stock Units ("PSU"s) convert into shares of Common Stock on a one-for-one basis upon vesting.
- F6. These PSUs were granted pursuant to the Company's LTIP and are earned between 50% and 200% based on the Company's performance during the 2025-2027 Performance Period, provided that the Company's performance exceeds the threshold performance level. Once earned, the PSUs vest on the third anniversary of the Grant Date.
- F7. 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
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What did GRBK CFO Jeffery Dean Cox report in this Form 4?
How were taxes handled on Jeffery Dean Cox’s vested GRBK RSUs?
How do GRBK RSUs and PSUs convert into common stock for the CFO?
What performance conditions apply to GRBK performance-based RSUs held by the CFO?
AI-generated analysis. How Rhea-AI works. Not financial advice.