Brown Brian Nicholas 4
4 · Rocket Companies, Inc. · Filed Mar 10, 2026
Research Summary
AI-generated summary of this filing
Rocket (RKT) President & CFO Brian Brown Receives RSU Award
What Happened
Brian Nicholas Brown, President and Chief Financial Officer of Rocket Companies, received a grant of 367,892 restricted stock units (RSUs) on March 7, 2026 (reported as an Award, Code A). The RSUs were granted at $0.00 per share (standard for RSU awards). To satisfy tax withholding obligations related to the grant, a total of 31,247 shares were forfeited (reported as Code F): 16,572 shares on March 7, 2026 (valued at $14.95 each = $247,751) and 14,675 shares on March 8, 2026 (valued at $14.95 each = $219,391), totaling $467,142 in withheld value.
Key Details
- Transaction types/codes: A = Award/Grant (367,892 RSUs); F = Tax withholding (31,247 shares forfeited).
- Dates & prices: Grant dated 2026-03-07 (RSUs at $0.00); withholding disposals on 2026-03-07 and 2026-03-08 at $14.95 per share.
- Vesting: RSUs vest in six equal semi-annual installments over three years (each March 7 and September 7), beginning September 7, 2026, subject to continued employment (per filing footnote).
- Footnotes: Grant made under the Rocket Companies, Inc. 2020 Omnibus Incentive Plan, exempt under Rule 16b-3 and approved by an independent directors’ committee (F1). F2 clarifies the withheld shares were used to pay tax withholding upon vesting.
- Shares owned after transaction: not specified in the Form 4.
- Filing: Form 4 filed 2026-03-10 reporting transactions on 2026-03-07; check the SEC filing for timeliness details.
Context
This was an equity award (RSUs), not an open-market purchase or voluntary sale. The forfeiture of ~31.2k shares was a tax-withholding mechanism common with RSU grants (often called a "share-for-tax" or net settlement). Such withholding doesn’t typically indicate a decision to reduce holdings for investment reasons — it’s routine to satisfy payroll/tax obligations when awards are issued or vest.
Insider Transaction Report
- Award
Class A common stock
[F1]2026-03-07+367,892→ 1,334,365 total - Tax Payment
Class A common stock
[F2]2026-03-07$14.95/sh−16,572$247,751→ 1,317,793 total - Tax Payment
Class A common stock
[F2]2026-03-08$14.95/sh−14,675$219,391→ 1,303,118 total
- 395,777
Class L-1 common stock
- 395,777
Class L-2 common stock
Footnotes (2)
- [F1]Represents restricted stock units ("RSUs") granted under the Rocket Companies, Inc. 2020 Omnibus Incentive Plan in a transaction exempt under Rule 16b-3 and approved by a committee of independent directors. Each RSU represents the contingent right to receive one share of Class A common stock of the Issuer for each vested RSU. The RSUs were granted to the Reporting Person on March 7, 2026 and will vest in six equal, semi-annual installments over three years on each March 7 and September 7, with the initial vesting date on September 7, 2026, subject to the Reporting Person's continued employment on the applicable vesting date.
- [F2]Number of shares forfeited to pay tax withholding obligations upon the vesting of restricted stock units granted by the Issuer under its 2020 Omnibus Incentive Plan.