Executive RSUs vest at Green Brick Partners (NYSE: GRBK); shares withheld
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
930 shares exercised/converted
Mixed
5 txns
Insider
Suit Neal J
Role
General Counsel & EVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 930 | $0.00 | -- |
| Exercise | Common Stock | 930 | $0.00 | -- |
| Tax Withholding | Common Stock | 366 | $72.40 | $26K |
| holding | Performance Based Restricted Stock Units | -- | -- | -- |
| holding | Performance Based Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 1,860 shares (Direct);
Common Stock — 18,352 shares (Direct);
Performance Based Restricted Stock Units — 2,790 shares (Direct)
Footnotes (1)
- 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"). Reflects shares withheld for taxes payable upon the vesting of 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 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. 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
What insider transactions did GRBK executive Neal J. Suit report?
Neal J. Suit reported 930 RSUs vesting and converting into Common Stock and a 366-share tax-withholding disposition on March 3, 2026. These transactions reflect equity compensation activity under Green Brick Partners’ long-term incentive plan rather than open-market buying or selling.
Were any of Neal J. Suit’s GRBK transactions open-market sales or purchases?
No open-market trades were reported. The Form 4 shows RSU vesting and conversion coded as “M” and a tax-withholding disposition coded as “F”. The 366 shares were withheld to pay taxes on vesting, not sold voluntarily on the open market.
What do the performance-based RSUs for GRBK’s Neal J. Suit represent?
The performance-based RSUs are awards that convert into Common Stock on a one-for-one basis once earned and vested. They are earned in specified segments over 2025–2027, with payout levels between 50% and 200% depending on Green Brick Partners’ performance.
How were the 930 RSUs for GRBK’s Neal J. Suit granted and vested?
The 930 RSUs were granted under Green Brick Partners’ 2024 Omnibus Incentive Plan and its long-term incentive program. They vested on March 3, 2026, converting into an equal number of Common shares, with a portion of those shares withheld to satisfy associated tax liabilities.