Richards Paul 4
4 · VINEBROOK HOMES TRUST, INC. · Filed Apr 6, 2026
Research Summary
AI-generated summary of this filing
VineBrook Homes CFO Paul Richards Receives RSU Award, Sells Shares for Taxes
What Happened Paul Richards, Chief Financial Officer (also Assistant Secretary and Treasurer) of VineBrook Homes Trust, Inc., was granted 14,532 restricted stock units (RSUs) on April 2, 2026. On April 3, 2026, a total of 5,710.375 RSUs from prior grants converted into common shares (listed as derivative exercises/conversions). To satisfy tax withholding on the settled shares, about 2,359.643 shares were surrendered/sold at $54.88 per share, producing $129,498 in cash (two withholding transactions: 1,640.537 shares for $90,033 and 719.106 shares for $39,465). The conversion/disposition entries for some derivative shares are recorded at $0, reflecting settlement of RSUs rather than open-market sales.
Key Details
- Transaction dates: RSU grant 4/2/2026; conversions/settlements and tax withholding on 4/3/2026.
- Tax-withholding sales: 1,640.537 shares for $90,033 and 719.106 shares for $39,465 (price = $54.88). Total proceeds ≈ $129,498.
- Converted shares: 5,710.375 shares converted from RSUs (sum of 4,014 and 1,696.375 share conversion entries).
- New grant: 14,532 RSUs granted 4/2/2026; vesting one-fourth on 4/2/2027, then in Feb 2028–2030; settlement generally within 10 days of vesting and may be cash at the Compensation Committee's discretion.
- Other footnotes: prior RSU grants (4/3/2025 and 4/3/2024) had scheduled vesting and some vested on 4/3/2026. Each RSU equals a contingent right to one share.
- Shares owned after the transactions: not specified in the provided filing excerpt.
- Filing timeliness: Report filed 4/6/2026 for 4/2–4/3/2026 activity — appears timely (no late filing indicated).
Context
- These entries reflect equity awards vesting and settlement (RSUs converting to shares) with routine share withholding/sale to cover taxes (transaction code F), not discretionary open-market selling for investment reasons.
- Transaction codes: M = exercise/conversion of derivative (here, RSU settlement into common shares); F = payment of exercise price or tax liability (withholding/sale of shares to cover taxes).
- Such tax-withholding sales are common and do not necessarily signal the insider’s view of the company’s prospects.
Insider Transaction Report
Form 4
Richards Paul
See Remarks
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-04-03+4,014→ 25,184.412 total - Tax Payment
Common Stock
2026-04-03$54.88/sh−1,640.537$90,033→ 23,543.875 total - Exercise/Conversion
Common Stock
[F1]2026-04-03+1,696.375→ 25,240.25 total - Tax Payment
Common Stock
2026-04-03$54.88/sh−719.106$39,465→ 24,521.144 total - Award
Restricted Stock Units
[F1][F2]2026-04-02+14,532→ 14,532 total→ Common Stock (14,532 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F3]2026-04-03−4,014→ 12,042 total→ Common Stock (4,014 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F4]2026-04-03−1,696.375→ 10,178.25 total→ Common Stock (1,696.375 underlying)
Footnotes (4)
- [F1]Each restricted stock unit represents a contingent right to receive one share of common stock of VineBrook Homes Trust, Inc. (the "Issuer").
- [F2]On April 2, 2026, the reporting person was granted 14,532 restricted stock units, which will vest one-fourth on April 2, 2027, one-fourth on February 15, 2028, one-fourth on February 15, 2029 and one-fourth on February 15, 2030. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.
- [F3]On April 3, 2025, the reporting person was granted 16,056 restricted stock units, which vested one-fourth on April 3, 2026 and will vest one-fourth on February 15, 2027, one-fourth on February 15, 2028 and one-fourth on February 15, 2029. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.
- [F4]On April 3, 2024, the reporting person was granted 13,571 restricted stock units, which vested one-eighth on April 3, 2025 and one-eighth on April 3, 2026 and will vest one-eighth on April 3, 2027, and one-eighth on April 3, 2028; the remaining half of the restricted stock units will vest upon the earlier to occur: the date of the closing of the initial public offering of the Issuer, the listing of Issuer common stock on a national securities exchange or the final time vesting date of April 3, 2028. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.
Signature
/s/ Paul Richards|2026-04-06