Green Brick EVP reports RSU vesting and tax shares
Green Brick Partners executive Neal J. Suit, the General Counsel and EVP, reported equity compensation activity involving restricted stock units.
Rhea-AI Filing Summary
Green Brick Partners executive Neal J. Suit, the General Counsel and EVP, reported equity compensation activity involving restricted stock units. On March 3, 2026, 930 RSUs vested and converted into 930 shares of Common Stock at $0.00 under the company’s long-term incentive plan. To cover taxes upon vesting, 366 Common shares were withheld at a price of $72.40 per share, characterized as a tax-withholding disposition rather than an open-market sale. Following these transactions, he directly held 17,986 shares of Common Stock and 1,860 RSUs, along with 2,790 performance-based RSUs that can convert into Common Stock on a one-for-one basis upon meeting performance and vesting conditions.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 930 | $0.00 | $0.00 |
| Exercise | Common Stock | 930 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 366 | $72.40 | $26K |
| holding | Performance Based Restricted Stock Units | -- | -- | -- |
| holding | Performance Based Restricted Stock Units | -- | -- | -- |
Footnotes (7)
- F1. Represents the vesting of Restricted Stock Units ("RSUs") granted pursuant to the Company's Long-Term Incentive Program (the "LTIP") under its 2024 Omnibus Incentive Plan (the "Plan").
- F2. Reflects shares withheld for taxes payable upon the vesting of 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 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 ("PSUs") 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 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.
- F7. 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.
FAQ
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What insider transactions did GRBK executive Neal J. Suit report?
Were any of Neal J. Suit’s GRBK transactions open-market sales or purchases?
What do the performance-based RSUs for GRBK’s Neal J. Suit represent?
How were the 930 RSUs for GRBK’s Neal J. Suit granted and vested?
AI-generated analysis. How Rhea-AI works. Not financial advice.