Smith Douglas Homes (SDHC) insider awarded 133,717 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Bennett Gregory S reported acquisition or exercise transactions in this Form 4 filing.
Smith Douglas Homes Corp. reported that insider Gregory S. Bennett received a grant of 133,717 shares of Class A Common Stock as a restricted stock unit award at a price of $0.00 per share. Following this grant, he directly holds 230,757 shares.
The footnotes explain that each RSU represents one share of Class A Common Stock and that the RSUs vest in three equal installments on each of the first three anniversaries of March 13, 2026, subject to continued employment. A prior Form 4 had incorrectly shown GSB Holdings LLC as indirectly holding shares; the correction states GSB Holdings holds no Class A shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Bennett Gregory S, GSB Holdings LLC /GA
Role
See Remarks | Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 133,717 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 230,757 shares (Direct)
Footnotes (1)
- Represents an award of restricted stock units (the "RSUs"), each of which represents a contingent right to receive one share of the Issuer's Class A Common Stock. The RSUs vest as to one third (1/3rd) of the shares of Class A Common Stock underlying the RSUs on each of the first three anniversaries of March 13, 2026, subject to the grantee's continued employment through the applicable vesting date. A prior Form 4 filed on March 24, 2025 incorrectly reported 243,589 shares of Class A Common Stock indirectly held by GSB Holdings LLC ("GSB Holdings"). GSB Holdings does not hold any shares of Class A Common Stock.
FAQ
What insider transaction did Smith Douglas Homes (SDHC) report on this Form 4?
Smith Douglas Homes reported that insider Gregory S. Bennett received a grant of 133,717 restricted stock units of Class A Common Stock at $0.00 per share. This is a compensation-related award, not an open-market purchase or sale, and increases his direct share holdings.
How do the Smith Douglas Homes (SDHC) RSUs granted to Gregory S. Bennett vest?
The RSUs granted to Gregory S. Bennett vest in three equal installments. One third of the Class A Common Stock underlying the RSUs vests on each of the first three anniversaries of March 13, 2026, conditioned on his continued employment through each applicable vesting date.
Is the Smith Douglas Homes (SDHC) Form 4 transaction a market buy or sell?
No. The Form 4 describes a grant coded as an “A” transaction, meaning a grant, award, or other acquisition. The 133,717 RSUs were awarded at $0.00 per share as compensation, so there was no open-market buying or selling activity in this particular filing.