Green Brick Partners (GRBK) interim CFO RSUs vest and tax shares withheld
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Green Brick Partners, Inc. interim CFO Jeffery Dean Cox reported equity compensation activity. On 2026-03-03, 977 Restricted Stock Units (RSUs) vested under the company’s Long-Term Incentive Program (LTIP) in its 2024 Omnibus Incentive Plan and converted into 977 shares of Common Stock on a one-for-one basis.
To cover taxes due at vesting, 385 shares of Common Stock were withheld at $72.4000 per share, leaving Cox with 592 shares of Common Stock held directly after the tax-withholding disposition. Additional RSU and Performance-Based RSU (PSU) holdings are reported, including 2,933 PSUs and multiple RSU awards, which convert to Common Stock on a one-for-one basis upon vesting.
The RSU grants under the LTIP vest in equal installments on the first, second and third anniversaries of the grant date. The PSU awards can be earned between 50% and 200% of target based on company performance during specified performance periods, and once earned, vest on the third anniversary of the grant date.
Positive
- None.
Negative
- None.
Insider Trade Summary
977 shares exercised/converted
Mixed
8 txns
Insider
COX JEFFERY DEAN
Role
Interim CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 977 | $0.00 | -- |
| Grant/Award | Common Stock | 977 | $0.00 | -- |
| Tax Withholding | Common Stock | 385 | $72.40 | $28K |
| holding | Performance Based Restricted Stock Units | -- | -- | -- |
| holding | Performance Based Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 1,956 shares (Direct);
Common Stock — 977 shares (Direct);
Performance Based Restricted Stock Units — 2,933 shares (Direct)
Footnotes (1)
- Represents the Restricted Stock Units ("RSU"s) that vested 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 the 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 ("PSU"s) 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 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. 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
What equity transactions did Green Brick Partners (GRBK) interim CFO report?
Interim CFO Jeffery Dean Cox reported vesting of 977 Restricted Stock Units, converting into 977 shares of Common Stock, and a related tax-withholding disposition of 385 shares at $72.4000 per share, all under Green Brick Partners’ long-term incentive programs.
How do Green Brick Partners (GRBK) RSUs and PSUs convert into stock?
Green Brick Partners’ Restricted Stock Units and Performance-Based Restricted Stock Units convert into shares of Common Stock on a one-for-one basis upon vesting, meaning each vested unit delivers one share, according to the company’s Long-Term Incentive Program and related award terms.
What are the vesting terms for Green Brick Partners (GRBK) RSU awards?
RSU awards to interim CFO Jeffery Dean Cox were granted under Green Brick Partners’ Long-Term Incentive Program and vest in three equal installments on the first, second, and third anniversaries of the grant date, subject to the conditions specified in the 2024 Omnibus Incentive Plan.
How are Green Brick Partners (GRBK) PSU awards earned and vested?
Performance-Based Restricted Stock Units are earned between 50% and 200% of target based on company performance over designated periods, including 2025–2027. Once earned, these PSUs vest on the third anniversary of the grant date, as described in the Long-Term Incentive Program documents.
What performance periods affect Green Brick Partners (GRBK) PSU payouts?
Certain PSU awards are earned based on performance during 2025–2027, while others are earned in four segments tied to 2025, 2026, 2027, and a three-year performance measure, with each segment potentially earning 50%–200% of target if threshold performance is exceeded.