Achille John Frank 4
Research Summary
AI-generated summary
TopBuild (BLD) COO Achille Frank Receives 2,110-Share Award
What Happened
- Achille John Frank, Chief Operating Officer of TopBuild Corp (BLD), was granted a total of 2,110 shares on 2026-02-17 through awards recorded on the Form 4 (transaction code A). The grants break down as 844 shares (valued at $460,031) and two tranches of 633 shares each (each valued at $345,023), all priced at $545.06 per share, for a combined grant-date value of approximately $1,150,077.
- These were awards (compensation grants), not open-market purchases or sales — typically part of executive pay and not a direct market buying signal.
Key Details
- Transaction date: 2026-02-17; filing date: 2026-02-18 (timely).
- Grant price / fair value used: $545.06 per share.
- Shares granted: 844 + 633 + 633 = 2,110 total; total grant value ≈ $1,150,077.
- Shares owned after the transaction: not specified in the filing.
- Footnotes: F1 — time-based shares vest in three equal annual installments starting on or about the first anniversary; F2 — performance shares vest on or about the third anniversary based on achievement of performance metrics (0%–200% payout).
- Transaction code A = award/grant. No indication of sales, gifts, or option exercises in this filing.
Context
- These awards are compensation-related. Time-based tranches will vest over three years, while performance-based shares will only vest at the third anniversary depending on attainment of specified metrics (final payout may range from 0% to 200% of target).
- Because these are grants, they reflect company compensation actions rather than insider buying or selling in the market; they do not necessarily indicate the insider’s personal investment decision or short-term sentiment.