Suit Neal J 4

What Happened

• Neal J. Suit, General Counsel & Executive Vice President of Green Brick Partners (GRBK), received three grants on 2026-03-26: each grant was for 4,357 restricted/performance-based units, for a total of 13,071 units. Each grant is recorded at $0.00 (these are awards/derivatives, not open-market purchases).
• These awards were granted under the company’s Long-Term Incentive Program (LTIP) and are derivative awards that convert to one share of common stock per unit upon vesting. They are compensation awards rather than purchases or sales.

Key Details

• Transaction date: 2026-03-26; Filing date: 2026-03-27 (Form 4 filed the next day, appearing timely).
• Grants: three awards of 4,357 units each (total 13,071 units); reported price $0.00 per unit (derivative awards).
• Shares owned after transaction: Not reported in this Form 4 (filing does not list total beneficial ownership post-grant).
• Footnotes (summary):
  • F1/F3: RSUs and PSUs convert one-for-one into common shares upon vesting.
  • F2: The RSUs vest equally on the 1st, 2nd and 3rd anniversaries of the grant date.
  • F4: Some PSUs are earned in four segments (50% based on three‑year performance; remaining portions based on annual/period performance) and can be earned at 50%–200% depending on company performance; earned PSUs vest on the 3rd anniversary.
  • F5: Other PSUs vest on the 3rd anniversary and are earned 50%–200% based on multi-year performance if thresholds are met.
• No indication of a 10b5-1 plan, cashless exercise, gift, or tax withholding reported in this filing.

Context

• These are time- and performance-based compensation awards. RSUs provide a straightforward right to receive shares on set vesting dates; PSUs depend on future company performance and can pay out at 50%–200% of target depending on results.
• Because these are awards (not purchases), they are routine executive compensation and do not by themselves signal a buy/sell decision by the insider. The ultimate economic benefit to the insider will depend on vesting, performance results, and future stock price.