Form 4: Green Brick Partners CFO Richard Costello Reports Stock Bonus Award and Tax Withholding
SEC Form 4 Filing
Richard Costello, CFO of Green Brick Partners, reports receiving a stock bonus award and subsequent tax withholding.
Summary
- On March 5, 2024, Richard Costello, the Chief Financial Officer of Green Brick Partners, Inc., reported a transaction involving the company's common stock.
- Costello received a stock bonus award of 9,630 shares of common stock as part of his 2023 annual bonus, which vested immediately upon issuance.
- Simultaneously, 3,563 shares were withheld to cover taxes payable related to the stock bonus award at a price of $51.85 per share.
- Following these transactions, Costello's direct ownership of Green Brick Partners common stock is 92,116 shares.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Positives
- The stock bonus award reflects compensation for Costello's performance.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 03/05/2024 | Date of stock bonus award and tax withholding. |
| 03/07/2024 | Date of signature on the Form 4 filing. |
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