Dolson Jed 4
Research Summary
AI-generated summary
Green Brick (GRBK) President Jed Dolson Receives Equity Awards
What Happened
Jed Dolson, President and COO of Green Brick Partners (GRBK), was granted three equity awards on March 26, 2026. Each grant was for 12,816 units (three grants total 38,448 units) reported as derivative awards at $0.00 per unit (total reported value $0). The awards consist of restricted stock units (RSUs) and performance-based restricted stock units (PSUs) granted under the company’s 2024 Omnibus Incentive Plan (LTIP).
Key Details
- Transaction date: 2026-03-26; Form 4 filed 2026-03-27 (timely filing).
- Grants: three awards of 12,816 units each = 38,448 units total, reported at $0.00 per unit (derivative awards).
- Vesting / conversion: RSUs convert 1:1 to common shares and vest equally on the 1st, 2nd and 3rd anniversaries of the grant. PSUs convert 1:1 if earned; certain PSUs are earned in segments (16.66% first year, 16.67% second, 16.67% third, and 50% based on three-year performance) and may pay out between 50%–200% depending on performance; PSUs vest on the third anniversary once earned.
- Footnotes: F1 notes Dolson serves as co-trustee with spouse for a trust for his minor children. F2–F6 describe RSU/PSU conversion, vesting schedule and performance payout ranges.
- Shares owned after transaction: not specified in the provided filing excerpt.
Context
These grants are long-term incentive awards, not open‑market purchases or sales. RSUs and PSUs are contingent on continued service (and for PSUs, on performance goals) and do not represent immediately marketable shares until they vest and convert. Such awards are common executive compensation and do not by themselves indicate near‑term buying or selling intent.