[Form 4] Green Brick Partners, Inc. Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Brandler Harry reported acquisition or exercise transactions in this Form 4 filing.
Green Brick Partners director Harry Brandler reported an equity award of 3,665 shares of restricted common stock. This grant reflects his annual non-employee director award and his election to receive stock instead of cash fees, under the 2024 Omnibus Equity Incentive Plan. The restricted shares vest in full one year after the grant date. Following this award, he directly holds 69,259 shares, and an additional 49,176 shares are held indirectly through Brandler LLC, where he may be deemed to share voting and investment power but disclaims beneficial ownership beyond his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Brandler Harry
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,665 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 69,259 shares (Direct);
Common Stock — 49,176 shares (Indirect, By LLC)
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, and (ii) shares received pursuant to the reporting person's election to receive shares of restricted stock in lieu of the cash compensation payable to non-employee directors. 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. These securities of the Issuer are held directly by Brandler LLC. As a Manager of Brandler LLC, Harry Brandler may be deemed to exercise voting and investment power over the shares held directly by Brandler LLC. In addition, Mr. Brandler may be deemed to have a pecuniary interest in the securities of the Issuer held directly by Brandler LLC due to Mr. Brandler's membership interests in Brandler LLC. Mr. Brandler disclaims beneficial ownership of the securities directly held by Brandler LLC except to the extent of his pecuniary interest therein, and this report shall not be deemed to be an admission that Mr. Brandler is the beneficial owner of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
FAQ
What insider transaction did Green Brick Partners (GRBK) director Harry Brandler report?
Harry Brandler reported receiving 3,665 shares of restricted common stock in Green Brick Partners. The award reflects his annual non-employee director grant and his choice to take part of his director compensation in stock rather than cash, under the 2024 equity plan.
What are the vesting terms of Harry Brandler’s new GRBK restricted stock award?
The 3,665 restricted shares granted to Harry Brandler vest in full on the first anniversary of the grant date. Until vesting, the award remains restricted stock issued under Green Brick Partners’ 2024 Omnibus Equity Incentive Plan for non-employee directors.
Why did Green Brick Partners (GRBK) grant restricted stock instead of cash to director Harry Brandler?
The filing explains that part of Harry Brandler’s compensation as a non-employee director was delivered as restricted common stock. He elected to receive shares of restricted stock in lieu of cash fees, aligning portions of his director compensation with equity in Green Brick Partners.
What equity plan governs Harry Brandler’s new Green Brick Partners (GRBK) award?
The restricted stock award to Harry Brandler was issued under Green Brick Partners’ 2024 Omnibus Equity Incentive Plan. This plan provides for annual stock-based compensation to non-employee directors and allows elections to receive restricted stock instead of cash board fees.