SDHC director granted 1,612 shares as fee in stock
Faucett Neill B reported acquisition or exercise transactions in this Form 4 filing.
Sentiment and the balance of points
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Rhea-AI Filing Summary
Faucett Neill B reported acquisition or exercise transactions in this Form 4 filing.
Smith Douglas Homes Corp. director Neill B. Faucett received an equity grant of 1,612 shares of Class A common stock, valued at $15.51 per share. This award was issued under the company’s Amended Non-Employee Director Compensation Program and 2024 Incentive Award Plan in lieu of quarterly cash retainers.
Following this compensation-related share award, Faucett directly holds 34,413 shares of Smith Douglas Homes common stock. This is a routine, non-market transaction reflecting director fees taken in stock rather than a purchase on the open market.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 1,612 | $15.51 | $25K |
Footnotes (1)
- F1. Shares were issued pursuant to the Company's Amended Non-Employee Director Compensation Program (the "Program") and the Company's 2024 Incentive Award Plan (the "2024 Plan") in lieu of a quarterly Board of Directors retainer fee, quarterly Board committee retainer fee, and quarterly Board committee chair retainer fee that would otherwise be payable in cash. In accordance with the Program, the number of shares issued was determined based on the Fair Market Value (as defined in the 2024 Plan) of the Company's common stock on the issuance date.
Key Figures
Key Terms
Amended Non-Employee Director Compensation Program financial
2024 Incentive Award Plan financial
Fair Market Value financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Smith Douglas Homes (SDHC) report for Neill B. Faucett?
Was the SDHC Form 4 transaction a stock purchase or a compensation grant?
What is the purpose of the 2024 Incentive Award Plan at Smith Douglas Homes (SDHC)?
AI-generated analysis. How Rhea-AI works. Not financial advice.