LandBridge (LB) Form 4/A: Director awarded 2,201 RSUs, filing amended
Rhea-AI Filing Summary
Daul Ty P., a director of LandBridge Co LLC (LB), amended a Form 4 to report the grant of restricted stock units under the company’s Long-Term Incentive Plan. The reported transaction on 08/27/2025 shows 2,201 Class A shares acquired at a $0 price that vest on July 1, 2026 subject to continued board service. Following the grant the reporting person beneficially owned 18,368 Class A shares, which the filing notes includes 14.048 shares acquired through a dividend reinvestment plan. The Form 4/A corrects an administrative error in the original Form 4 filed on 08/28/2025.
Positive
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Insights
TL;DR: Insider received time‑based equity that vests in 2026; ownership change is routine and likely non‑dilutive in the short term.
The filing documents a non‑cash grant of 2,201 Class A shares via restricted stock units that vest on July 1, 2026, subject to continued service. The transaction price is listed as $0, indicating these are compensation awards rather than open‑market purchases. The amended filing corrects previously reported share counts, and total beneficial ownership after the grant is 18,368 shares, including a small amount from a dividend reinvestment plan. For investors, this is a governance/compensation disclosure rather than an operational or financial event.
TL;DR: Time‑based RSUs were granted to a director and an amendment fixed an administrative reporting error.
The grant is described as vesting solely based on continued board service through July 1, 2026, aligning director incentives with tenure. The amendment clarifies the accurate number of shares acquired and beneficially owned, which is important for disclosure integrity. There is no indication of accelerated vesting, derivative instruments, or related‑party adjustments in this filing. The disclosure appears to follow standard Section 16 reporting practices for equity compensation awards.