SAMUEL BOBBY L III 4

What Happened Samuel Bobby L III, EVP of Land at Green Brick Partners (GRBK), had restricted/performance-based stock units convert into 8,902 shares on 2026-03-06. To satisfy tax withholding related to the vesting, 3,058 shares were withheld and disposed at an implied price of $70.26, generating about $214,855. Net shares delivered to the insider were 5,844 shares (8,902 vested minus 3,058 withheld).

Key Details

• Transaction date: 2026-03-06; Form 4 filed 2026-03-09 (reporting period 2026-03-06).
• Conversions: 4,524 shares and 4,378 shares converted from RSUs/PSUs (total 8,902) reported as derivative exercises/conversions (code M) at $0 purchase price (RSUs/PSUs convert 1:1 on vesting).
• Tax withholding: 3,058 shares withheld (code F) at $70.26 per share, value reported ~$214,855.
• Net shares received by insider: 5,844 shares (after tax withholding).
• Footnotes: RSUs and PSUs vest/convert 1-for-1; some PSUs are performance-based with multi-year vesting schedules and payout ranges (50%–200%) depending on performance (see F1–F7 for details).
• Filing timeliness: The Form 4 was filed three days after the transaction date; no indication in the provided data that the filing was late beyond normal reporting.

Context

• This was a routine vesting/settlement of equity awards (not an open-market buy or sell for investment purposes). The withholding of shares to cover taxes is a common, administratively required disposition and does not necessarily indicate insider sentiment.
• Transaction codes: M = exercise/conversion of derivative awards (here, RSUs/PSUs converting to common stock); F = shares withheld to pay tax withholding obligations.