Form 4: Green Brick Partners Executive Neal Suit Reports Stock Disposal for Tax Obligations
SEC Form 4
Neal Suit, General Counsel & EVP of Green Brick Partners, reports disposing of 256 shares of common stock to cover tax obligations related to a previously awarded restricted stock award.
Summary
- On March 1, 2024, Neal Suit, General Counsel & EVP of Green Brick Partners, disposed of 256 shares of common stock.
- The transaction was executed to cover tax obligations arising from the vesting of a restricted stock award granted on March 1, 2022.
- The shares were disposed of at a price of $58.5 per share.
- Following the transaction, Neal Suit directly owns 8,760 shares of Green Brick Partners common stock.
Sentiment
Score: 5
Explanation: This is a neutral filing related to standard executive compensation practices; it doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard practice of covering tax obligations related to stock-based compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 03/01/2022 | Date of original restricted stock award. |
| 03/01/2024 | Date of stock disposal for tax obligations. |
| 03/05/2024 | Date of Form 4 filing. |
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