Forbright (FRBT) Director Cynthia Flanders Receives Award of 220 DRSUs

What Happened Cynthia Flanders, a director of Forbright, Inc. (FRBT), was granted/acquired 220 deferred restricted stock units (DRSUs) on 2026-07-16 at an assignment value of $18.68 per share, totaling $4,110. The Form 4 reports this as an award/acquisition (code A) rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-07-16; Form 4 filed 2026-07-17 (appears timely).
• Units granted/acquired: 220 DRSUs at $18.68 per share; aggregate value $4,110.
• Transaction code: A (award/grant or other acquisition).
• Shares owned after transaction: not disclosed on this filing.
• Footnote: These are fully vested DRSUs granted in lieu of the director’s quarterly cash retainer; they will settle in shares only following termination of board service (each DRSU equals one share).

Context DRSUs are a form of deferred compensation. Although these units are fully vested, they do not convert into actual shares until the director’s service ends, so this award is compensation-related rather than an immediate market purchase or sale. Given the relatively small dollar value ($4,110), this filing is routine compensation disclosure rather than a clear signal of insider confidence.