Richards Paul 4

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.