COX JEFFERY DEAN 4
4 · Green Brick Partners, Inc. · Filed Mar 9, 2026
Research Summary
AI-generated summary of this filing
Green Brick (GRBK) CFO Jeffery Cox Receives 235 Shares
What Happened
Jeffery Dean Cox, Chief Financial Officer of Green Brick Partners (GRBK), received 235 shares when restricted stock units vested on March 6, 2026. The RSUs converted into common shares at $0.00 exercise cost. To cover tax withholding, 93 of those shares were surrendered (withheld) at a value of $70.26 per share for a withholding amount of $6,534, leaving Cox with a net 142 shares (≈$9,977 based on $70.26/share).
Key Details
- Transaction date: March 6, 2026; Form 4 filed March 9, 2026 (within the typical two-business-day reporting window).
- Conversion/exercise price: $0.00 for the 235 shares (derivative conversion/vesting).
- Tax withholding: 93 shares withheld @ $70.26/share = $6,534 reported.
- Net shares received: 142 shares (235 vested minus 93 withheld). Estimated net market value ≈ $9,977 using $70.26/share.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Relevant footnotes: F1 (these were RSUs that vested), F2 (shares withheld for taxes), F3 (RSUs convert 1-for-1 to common stock).
- Transaction codes: M = exercise/conversion of derivative (RSU vesting here); F = shares withheld to satisfy tax obligations.
Context
This was a routine vesting and tax-withholding event (not an open-market buy or sell). Withholding shares to cover taxes is a common settlement method and does not by itself indicate a change in insider sentiment. The RSUs converted into shares on a one-for-one basis upon vesting; no cash purchase was made.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-03-06+235→ 827 total - Tax Payment
Common Stock
[F2]2026-03-06$70.26/sh−93$6,534→ 734 total - Exercise/Conversion
Restricted Stock Units
[F3]2026-03-06−235→ 0 totalFrom: 2026-03-06Exp: 2026-03-06→ Common Stock (235 underlying)
- 1,956
Restricted Stock Units
[F3][F4]→ Common Stock (1,956 underlying) - 2,933
Performance Based Restricted Stock Units
[F5][F6]→ Common Stock (2,933 underlying) - 2,933
Performance Based Restricted Stock Units
[F5][F7]→ Common Stock (2,933 underlying) - 418
Restricted Stock Units
[F3]From: 2028-03-03Exp: 2028-03-03→ Common Stock (418 underlying) - 1,696
Restricted Stock Units
[F3]From: 2027-03-05Exp: 2027-03-05→ Common Stock (1,696 underlying)
Footnotes (7)
- [F1]Represents the Restricted Stock Units ("RSU"s) that vested under the Company's 2024 Omnibus Incentive Plan (the "Plan").
- [F2]Reflects shares withheld for taxes payable upon the vesting of the RSUs.
- [F3]The RSUs convert into shares of Common Stock on a one-for-one basis upon vesting.
- [F4]These RSUs were granted pursuant to the Company's Long-Term Incentive Program ("LTIP") under the Plan and vest equally on the first, second and third anniversary of the Grant Date.
- [F5]These Performance-Based Restricted Stock Units ("PSU"s) convert into shares of Common Stock on a one-for-one basis upon vesting.
- [F6]These PSUs were granted pursuant to the Company's LTIP and are earned between 50% and 200% based on the Company's performance during the 2025-2027 Performance Period, provided that the Company's performance exceeds the threshold performance level. Once earned, the PSUs vest on the third anniversary of the Grant Date.
- [F7]These PSUs were granted pursuant to the Company's LTIP and are earned in four segments, (1) 16.66% are earned based on performance during 2025, (2) 16.67% are earned based on performance during each of 2026 and 2027 and (3) 50% are earned based on the Company's three-year performance. The PSUs in each segment can be earned between 50% and 200% based on the Company's performance, provided that the Company's performance exceeds the threshold performance level. Once earned, the PSUs vest on the third anniversary of the Grant Date.