Smith Douglas Homes (SDHC) officer buys stock and receives RSU grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Smith Douglas Homes Corp. officer Russell Devendorf reported acquiring additional equity in the company. He bought 1,000 shares of Class A Common Stock in an open‑market purchase at $11.56 per share.
He also received an award of 29,715 restricted stock units (RSUs), each representing a contingent right to one share of Class A Common Stock. The RSUs vest in three equal annual installments on each of the first three anniversaries of March 13, 2026, subject to his continued employment. Following these transactions, he directly holds 316,643 shares of Class A Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,000 shares ($11,560)
Net Buy
2 txns
Insider
Devendorf Russell
Role
See Remarks
Bought
1,000 shs ($12K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class A Common Stock | 1,000 | $11.56 | $12K |
| Grant/Award | Class A Common Stock | 29,715 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 286,928 shares (Direct)
Footnotes (1)
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FAQ
What insider transactions did Russell Devendorf report at Smith Douglas Homes (SDHC)?
Russell Devendorf reported two acquisition transactions. He bought 1,000 shares of Class A Common Stock at $11.56 per share and received a grant of 29,715 restricted stock units, increasing his direct holdings to 316,643 shares after these transactions.
What restricted stock unit (RSU) award did Russell Devendorf receive from Smith Douglas Homes (SDHC)?
Devendorf received 29,715 RSUs from Smith Douglas Homes. Each RSU represents a contingent right to one share of Class A Common Stock, subject to vesting and his continued employment with the company over the specified schedule.
What is the vesting schedule for Russell Devendorf’s 29,715 RSUs at Smith Douglas Homes (SDHC)?
The 29,715 RSUs vest over three years. One third of the underlying Class A Common Stock vests on each of the first three anniversaries of March 13, 2026, provided Devendorf remains employed through the applicable vesting dates.
Are Russell Devendorf’s new RSUs at Smith Douglas Homes (SDHC) immediately exercisable?
No, Devendorf’s RSUs are not immediately exercisable. They represent contingent rights to shares that vest in three equal installments on the first three anniversaries of March 13, 2026, conditioned on his continued employment with the company.