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VINEBROOK HOMES TRUST, INC.·4

Apr 6, 7:43 PM ET

KAVANAUGH SCOTT F 4

Research Summary

AI-generated summary

Updated

VineBrook Director Scott Kavanaugh Receives RSU Award; 2,202 Converted

What Happened

  • Scott F. Kavanaugh, a director of VineBrook Homes Trust, Inc., received a grant of 2,187 restricted stock units (RSUs) on April 2, 2026 and had 2,202 RSUs vest/convert on April 3, 2026. The grant was reported as an award (code A) at $0.00; the vesting/conversion was reported as an exercise/conversion of a derivative (code M) with $0.00 shown for the transferred shares.
  • These were not open-market purchases or sales for cash — they are compensation-related RSU activity and a conversion/settlement of previously granted RSUs. No cash value or market-sale proceeds are reported in the filing.

Key Details

  • Transaction dates: Grant on 2026-04-02 (2,187 RSUs); vest/convert on 2026-04-03 (2,202 RSUs).
  • Prices/values reported: $0.00 for the award and $0.00 for the conversion/disposition entries in the filing (typical for RSU grants/settlements when no open-market cash trade is reported).
  • Shares owned after transaction: Not specified in the provided filing data.
  • Notable footnotes:
    • F1: Each RSU represents a contingent right to receive one share of common stock.
    • F3: The 2,187 RSUs granted 4/2/2026 vest on 4/2/2027 and will generally settle within 30 days of vesting (may be settled in cash at the Compensation Committee's discretion).
    • F4: The 2,202 RSUs were originally granted 4/3/2025, vested 4/3/2026, and were settled per the filing.
    • F2: Some shares are held in a defined benefit plan for the reporting person (the filing shows a conversion/disposition consistent with plan transfer).
  • Timeliness: Filing date 2026-04-06 for transactions on 2026-04-02 and 04-03 appears to be within standard Form 4 reporting windows (not indicated as late).

Context

  • RSUs are compensation awards (not market purchases) that convert into shares upon vesting; the conversion here was reported as an exercise/conversion (derivative transaction code M). The filing shows conversion/settlement and an immediate transfer disposition entry rather than an open-market sale, which is consistent with settlement into a plan or internal transfer.
  • Such grants and vesting events are routine director compensation and do not alone indicate a buy or sell decision in the open market.