Mitts Brian 4
Research Summary
AI-generated summary
VineBrook Director Brian Mitts Settles RSUs, Sells Shares for Taxes
What Happened
- Brian Mitts, a director of VineBrook Homes Trust, had restricted stock units (RSUs) vest on April 3, 2026 and those RSUs were converted/settled. Portions of the vested RSUs were surrendered/disposed to the issuer and a portion was withheld/sold to cover tax liabilities. The filing shows 2,202 RSUs and 3,180.625 RSUs converting on April 3, 2026; 1,101 and 477.094 shares were disposed to the issuer, and 501.689 shares were withheld/disposed at $54.88 each, totaling $27,533. In addition, Mitts was granted 2,187 new RSUs on April 2, 2026 that vest April 2, 2027.
Key Details
- Transaction dates: April 2, 2026 (grant of 2,187 RSUs); April 3, 2026 (vesting/conversion and dispositions).
- Converted/vested on Apr 3, 2026: 2,202 shares (from 4/3/2025 grant) and 3,180.625 shares (portion of 4/3/2024 grant).
- Dispositions to issuer on Apr 3, 2026: 1,101 shares and 477.094 shares (surrendered/settled).
- Tax withholding/payment on Apr 3, 2026: 501.689 shares disposed at $54.88 each = $27,533.
- Shares owned after the transactions: not specified in this filing.
- Notable footnotes: F1–F5 clarify these are RSUs (each convertible into one share), some vested and were settled in cash at the issuer’s discretion, and a new RSU grant was made on Apr 2, 2026 (vests 4/2/2027).
- Filing timeliness: Report filed Apr 6, 2026; transactions occurred Apr 2–3, 2026 — filing appears timely (within the normal Form 4 reporting window).
Context
- These entries reflect RSU vesting and settlement, not open-market purchases or sales for investment. Some vested RSUs were settled for cash or surrendered to the issuer and shares were withheld/sold to cover tax withholding — a routine administrative outcome of RSU vesting.
- For retail investors: such administrative disposals/withholdings are common and do not necessarily signal the director’s personal view on the company’s stock.