Brickman James R. 4

What Happened

• James R. Brickman, Chief Executive Officer of Green Brick Partners (GRBK), received three equity awards on 2026-03-26: three grants of 16,917 units each (total 50,751 units). Each grant is reported as a derivative award with an acquisition price of $0.00, meaning no cash was exchanged at grant. These are a mix of Restricted Stock Units (RSUs) and Performance-Based RSUs (PSUs) that convert one-for-one into common shares upon vesting.

Key Details

• Transaction date(s): 2026-03-26; Form 4 filed 2026-03-27 (appears timely).
• Grants: 3 separate awards of 16,917 units each = 50,751 total units.
• Price: $0.00 per unit (award/grant — no purchase price).
• Security type: Derivative securities (RSUs and PSUs) that convert into common stock on a 1:1 basis upon vesting.
• Vesting/Performance notes:
  • RSUs vest equally on the first, second and third anniversaries of the grant date.
  • PSUs are performance-based: some portions are earned in segments over years and vest on the third anniversary; PSUs can be earned between 50%–200% depending on performance and threshold attainment.
• Shares owned after transaction: Not specified in the excerpt of the filing.
• Filing timeliness: Form 4 filed the day after the grants (filed 3/27 for 3/26 grants), which is within standard Form 4 timing requirements.

Context

• Awards (RSUs/PSUs) are not open-market purchases or sales — they represent future economic interest if and when vesting and any performance conditions are met. They do not reflect an immediate cash outlay by the insider, nor an immediate change in outstanding common shares until conversion on vesting. Performance-based units may pay out at levels above or below the target (50%–200%) depending on company results.