Executive at Smith Douglas Homes (NYSE: SDHC) receives RSU grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Steele Brett Allen reported acquisition or exercise transactions in this Form 4 filing.
Smith Douglas Homes Corp. reported that officer Brett Allen Steele received a grant of 10,817 shares of Class A Common Stock in the form of restricted stock units. The award was granted at no cash cost to him as equity-based compensation.
Each restricted stock unit represents one share of Class A Common Stock. The units vest in three equal installments, with one third of the award vesting on each of the first three anniversaries of March 13, 2026, as long as he remains employed through each vesting date. After this grant, he holds 35,027 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Steele Brett Allen
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 10,817 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 35,027 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Smith Douglas Homes (SDHC) report for Brett Allen Steele?
Smith Douglas Homes reported that officer Brett Allen Steele received 10,817 restricted stock units of Class A Common Stock as an equity grant. The award was made at no cash cost and is structured as part of his compensation package based on continued employment.
How large is Brett Allen Steele’s new RSU award at Smith Douglas Homes (SDHC)?
The new award consists of 10,817 restricted stock units, each tied to one share of Class A Common Stock. This grant increases his direct holdings to 35,027 shares after the transaction, according to the Form 4 filed with regulators for Smith Douglas Homes.
What is the vesting schedule for the RSUs granted to Brett Allen Steele at SDHC?
The restricted stock units vest in three equal installments over three years. One third of the shares underlying the RSUs vest on each of the first three anniversaries of March 13, 2026, provided Steele remains employed through each applicable vesting date.
Does Brett Allen Steele have to pay for the RSUs granted by Smith Douglas Homes (SDHC)?
No, the Form 4 shows a price per share of $0.0000 for the 10,817 restricted stock units. This indicates the grant is a compensation award rather than an open-market purchase, aligning his interests with shareholders through performance and retention incentives.
What conditions affect vesting of Brett Allen Steele’s RSUs at Smith Douglas Homes (SDHC)?
Vesting of the 10,817 restricted stock units depends on Steele’s continued employment. One third of the shares vest on each of the first three anniversaries of March 13, 2026, and unvested units would not be earned if he leaves before a vesting date.