Mitts Brian 4
Research Summary
AI-generated summary
VineBrook Homes Director Brian Mitts Receives RSUs, Withholds Shares
What Happened
- Brian Mitts, a director of VineBrook Homes Trust, Inc., had 15,700 restricted stock units (RSUs) convert/vest on February 17, 2026. The RSUs converted into shares (exercise/conversion, code M).
- Following vesting, 2,355 shares were surrendered/returned to the issuer (disposition, code D) and 5,278.422 shares were withheld to cover tax liability (code F) at $54.88 per share, a tax-withholding value of $289,680. The filing also notes a prior grant and the scheduled vesting that produced the 15,700-share vest on Feb 17, 2026.
- These actions are routine vesting and tax-withholding events, not an open-market sale or purchase by the director.
Key Details
- Transaction date: February 17, 2026; Form 4 filed February 19, 2026 (timely).
- Tax-withholding: 5,278.422 shares withheld at $54.88/share = $289,680.
- Shares surrendered to issuer: 2,355 shares (no price reported).
- RSU grant context: 25,120 RSUs originally granted on Feb 17, 2022; five-eighths (15,700) vested on Feb 17, 2026. Footnotes indicate settlement may occur in cash and that a portion settled in cash.
- Shares owned after the transaction are not reported in the provided summary of the filing.
- Transaction codes explained: M = exercise/conversion of derivative (RSU vesting), F = tax withholding, D = disposition to issuer.
Context
- This was a vesting/settlement event (RSUs converting to shares) with routine tax withholding and share surrender — common for equity compensation. The tax-withholding of 5,278.422 shares is effectively a cashless/withholding settlement to satisfy taxes, not an open-market sale signaling a change in view.
- The filing appears timely (filed within the usual two-business-day Form 4 window).