Raia Steven P 4

What Happened Steven P. Raia, President, Special Operations & Executive Advisor at TopBuild Corp (BLD), was granted three equity awards on 2026-02-17 totaling 1,780 shares. The awards were priced at $545.06 per share and have a combined reported value of $970,207. These were grants/awards (Form 4 code A), not open-market purchases or sales — they reflect compensation rather than an outright buy or sell.

Key Details

• Transaction date: 2026-02-17; Price per share: $545.06.
• Awards: 712 shares ($388,083), 534 shares ($291,062), and 534 shares ($291,062) — total 1,780 shares, ~$970,207.
• Vesting notes from the filing: F1 = time‑based shares vest in three equal annual installments starting on/about the first anniversary; F2 = performance shares vest on/about the third anniversary subject to performance metrics (0%–200%).
• Shares owned after the transaction: not specified in the provided filing.
• Filing timeliness: Form 4 was filed 2026-02-18 for a 2026-02-17 grant (appears timely).

Context These awards are compensation-related and include both time‑based and performance‑based vesting provisions, so they do not represent an immediate market purchase or sale and may not reflect near‑term trading intent. Performance shares can pay out anywhere from 0% to 200% based on achievement of preset goals, and time‑based shares will vest over multiple years before becoming tradable.