Green Brick Partners (GRBK) grants RSU and performance stock awards to EVP
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Suit Neal J reported acquisition or exercise transactions in this Form 4 filing.
Green Brick Partners, Inc. General Counsel & EVP Neal J. Suit received equity awards in the form of restricted stock units and performance-based restricted stock units. On March 26, 2026, he was granted 4,357 RSUs and two separate grants of 4,357 performance-based RSUs, each convertible into an equal number of common shares upon vesting. The RSUs vest in three equal installments on the first, second and third anniversaries of the grant date. The performance-based RSUs can be earned between 50% and 200% of the target amount based on multi-year company performance, with earned units vesting on the third anniversary of the grant date. Following these awards, he directly holds 17,986 shares of common stock, along with previously outstanding RSUs and performance-based RSUs tied to additional underlying shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
Suit Neal J
Role
General Counsel & EVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 4,357 | $0.00 | -- |
| Grant/Award | Performance Based Restricted Stock Units | 4,357 | $0.00 | -- |
| Grant/Award | Performance Based Restricted Stock Units | 4,357 | $0.00 | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Performance Based Restricted Stock Units | -- | -- | -- |
| holding | Performance Based Restricted Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 4,357 shares (Direct);
Performance Based Restricted Stock Units — 4,357 shares (Direct);
Common Stock — 17,986 shares (Direct)
Footnotes (1)
- The Restricted Stock Units ("RSUs") convert into shares of Common Stock on a one-for-one basis upon vesting. These RSUs were granted pursuant to the Company's Long-Term Incentive Program (the "LTIP") under its 2024 Omnibus Incentive Plan (the "Plan") and vest equally on the first, second and third anniversary of the Grant Date. These Performance-Based Restricted Stock Units ("PSUs") convert into shares of Common Stock on a one-for-one basis upon vesting. These PSUs were granted pursuant to the Company's LTIP and are earned in four segments, (1) 50% are earned based on the Company's three-year performance, (2) 16.66% are earned based on performance during the first year, and (3) 16.67% are earned based on performance during each of the second and third years. The PSUs in each segment can be earned between 50% and 200% based on the Company's performance, provided that the Company's performance exceeds the threshold performance level. Once earned, the PSUs vest on the third anniversary of the Grant Date. These PSUs were granted pursuant to the Company's LTIP and are earned between 50% and 200% based on the Company's performance, provided that the Company's performance exceeds the threshold performance level. Once earned, the PSUs vest on the third anniversary of the Grant Date.
FAQ
What equity awards did Neal J. Suit receive from GRBK in this Form 4?
Neal J. Suit received grants of 4,357 restricted stock units and two separate grants of 4,357 performance-based restricted stock units. Each unit converts into one share of common stock upon vesting, representing stock-based compensation rather than open-market purchases.
How do the new GRBK restricted stock units for Neal J. Suit vest?
The 4,357 restricted stock units vest in three equal installments on the first, second and third anniversaries of the grant date. Once vested, each unit converts into one share of Green Brick Partners common stock, aligning part of his compensation with long-term company performance.
What performance conditions apply to Neal J. Suit’s GRBK performance-based RSUs?
The performance-based restricted stock units can be earned between 50% and 200% of the target amount based on company performance exceeding threshold levels. Portions are tied to three-year and annual performance segments, and any earned units vest on the third anniversary of the grant date.
What ongoing equity positions in GRBK derivatives does Neal J. Suit have?
The filing lists outstanding restricted and performance-based stock units tied to 1,860, 2,790 and another 2,790 underlying common shares. These units have an exercise price of $0.00 and will convert into shares upon satisfying vesting and, for performance units, performance conditions.