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Janus International Group, Inc.·4

Mar 11, 8:45 PM ET

Hodges Morgan 4

Research Summary

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Updated

Janus (JBI) EVP Morgan Hodges Receives 31,474 RSUs

What Happened

  • Morgan Hodges, Executive Vice President of Janus International Group (JBI), received a grant of 31,474 restricted stock units (RSUs) on March 11, 2026 (reported acquisition code A). The RSUs were reported with an acquisition price of $0 on the Form 4; the grant value is based on the closing stock price on the grant date per the filing.
  • On March 10, 2026, 2,294 shares were withheld to satisfy tax-withholding obligations upon vesting (reported disposition code F) — 2,294 shares × $5.58 = $12,801 (cashless/tax withholding, not an open-market sale).

Key Details

  • Transaction dates and prices:
    • 2026-03-10: 2,294 shares withheld for tax at $5.58 each (Disposition — $12,801).
    • 2026-03-11: 31,474 RSUs granted (Acquisition reported at $0 on Form 4; value tied to closing price on grant date).
  • Vesting: The filing notes these RSUs vest in three equal installments on March 11 of 2027, 2028, and 2029 and will be settled in shares upon vesting.
  • Shares owned after transaction: Not specified in the excerpt of the filing provided.
  • Footnotes of note: F1 = shares withheld to satisfy tax obligations; F2 = vesting schedule and grant-date pricing; F3 reference to 53,761 RSUs appears in the filing (total RSU-related disclosure). Multiple footnotes (F4–F14) indicate certain shares are held in various family trusts.
  • Timeliness: Form filed on 2026-03-11 for transactions on 2026-03-10 and 2026-03-11; the filing does not indicate a late report.

Context

  • This is primarily an equity award (RSU grant). RSU grants increase potential future ownership but do not represent an immediate cash purchase by the insider. The withheld 2,294 shares were an administrative tax-withholding action (code F), not an open-market sale — routine when RSUs vest or settle.
  • For retail investors: grants can signal compensation alignment with shareholders but are standard executive compensation. The withholding of shares for taxes is a routine administrative step and does not necessarily indicate a decision to reduce holdings.