XML 68 R2.htm IDEA: XBRL DOCUMENT v3.26.1
Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Year
Summary
Compensation
Table Total for
PEO
Compensation
Actually Paid to
PEO
Average
Summary
Compensation
Table Total for
Non-PEO NEOs
Average
Compensation
Actually Paid to
Non-PEO NEOs
Value of Initial Fixed $100
Investment Based On:
Net Income
(in
thousands)
Home
Closings
Revenue (in
thousands)
Total
Shareholder
Return
Peer Group
Total
Shareholder
Return
(a)
(b)
(c)
(d)
(e)
(f)
(g)
(h)
(i)
2025
$13,400,745
$13,343,379
$3,218,280
$3,231,877
$206.59
$189.23
$343,511
$2,032,781
2024
$8,175,587
$8,175,587
$2,701,873
$2,721,165
$492.07
$242.76
$417,155
$2,032,288
2023
$7,759,877
$7,759,877
$2,146,469
$2,181,195
$452.44
$220.06
$306,675
$1,739,388
2022
$5,960,838
$5,960,838
$1,538,111
$1,538,410
$211.06
$136.96
$313,997
$1,696,911
2021
$5,087,182
$5,087,182
$1,814,672
$1,814,672
$264.20
$192.00
$204,381
$1,305,620
       
Company Selected Measure Name Home Closings Revenue Growth,        
Named Executive Officers, Footnote Column (b). Reflects compensation amounts reported in the “Summary Compensation Table” or “SCT” for our PEO, James R. Brickman, for the
respective years shown.
Column (d). The following non-PEO named executive officers are included in the average figures shown for the 2020 and 2021 covered years:
Richard A. Costello and Jed Dolson; for the 2023 and 2024 covered years: Richard A. Costello, Jed Dolson and Neal Suit; for the 2025 covered
years: Richard A. Costello, Jeffery Cox, Jed Dolson, Neal Suit and Bobby L. Samuel III.
       
Peer Group Issuers, Footnote Column (g). For the relevant fiscal year, represents the cumulative TSR of the S&P Homebuilders Select Industry Index for the measurement
periods ending on December 31 of each of 2025, 2024, 2023, 2022 and 2021, respectively.
       
PEO Total Compensation Amount $ 13,400,745 $ 8,175,587 $ 7,759,877 $ 5,960,838 $ 5,087,182
PEO Actually Paid Compensation Amount $ 13,343,379 8,175,587 7,759,877 5,960,838 5,087,182
Adjustment To PEO Compensation, Footnote Column (c). CAP for our Principal Executive Officer (our CEO) in each of 2025, 2024, 2023, 2022 and 2021 reflects the respective amounts set
forth in column (b), adjusted as set forth in the table below, as determined in accordance with SEC rules. The dollar amounts reflected in
column (c) do not reflect the actual amount of compensation earned by or paid to our PEO during the applicable year. For information regarding
decisions made by our Compensation Committee with respect to the PEO’s compensation for each fiscal year, please see the “Compensation
Discussion and Analysis” section of this proxy statement and the proxy statement for the 2025, 2024 and 2023 annual meeting of stockholders
and the “Executive Compensation Information” section of the proxy statement for the 2021 annual meeting of stockholders.
Year
PEO
2021
Mr. Brickman
2022
Mr. Brickman
2023
Mr. Brickman
2024
Mr. Brickman
2025
Mr. Brickman
SCT Total Compensation ($)
$5,087,182
$5,960,838
$7,759,877
$8,175,587
$13,400,745
Less: Stock and Option Award
Values Reported in SCT for
the Covered Year on Grant
Date ($)
$1,225,000
$1,349,988
$3,100,497
$3,146,000
$7,643,096
Plus: Fair Value of Stock
Awards Granted and Vested in
the Covered Year (on Vest
Date)
$1,225,000
$1,349,988
$3,100,497
$3,146,000
$3,433,843
Fair Value for Stock and
Option Awards Granted in the
Covered Year at Year-End ($)
-
-
-
-
$4,151,887
Change in Fair Value of
Outstanding Unvested Stock
and Option Awards from Prior
Years ($)
-
-
-
-
-
Change in Fair Value of Stock
and Option Awards from Prior
Years that Vested in the
Covered Year ($)
-
-
-
-
-
Less: Fair Value of Stock and
Option Awards Forfeited during
the Covered Year ($)
-
-
-
-
-
Compensation Actually Paid
($)
$5,087,182
$5,960,838
$7,759,877
$8,175,587
$13,343,379
       
Non-PEO NEO Average Total Compensation Amount $ 3,218,280 2,701,873 2,146,469 1,538,111 1,814,672
Non-PEO NEO Average Compensation Actually Paid Amount $ 3,231,877 2,721,165 2,181,195 1,538,410 1,814,672
Adjustment to Non-PEO NEO Compensation Footnote Column (e). Average CAP for our non-PEO NEOs in each of 2025, 2024, 2023, 2022 and 2021 reflects the respective amounts set forth in
column (d), adjusted as set forth in the table below, as determined in accordance with SEC rules. The dollar amounts reflected in column (e) do
not reflect the actual amount of compensation earned by or paid to our non-PEO NEOs during the applicable year. For information regarding
the decisions made by our Compensation Committee with respect to the non-PEO NEOs’ compensation for each fiscal year, please see the
“Compensation Discussion and Analysis” section of this proxy statement and the proxy statement for the 2025, 2024, 2023 and 2022 annual
meeting of stockholders and the “Executive Compensation Information” section of the proxy statement for the 2021 annual meetings of
stockholders.
Year
2021
2022
2023
2024
2025
Non-PEO NEOs
See column (d) note
See column (d) note
See column (d) note
See column (d)
note
See column (d)
note
SCT Total Compensation ($)
$1,814,672
$1,538,111
$2,146,469
$2,701,873
$3,218,280
Less: Stock and Option Award
Values Reported in SCT for the
Covered Year ($)
$499,325
$524,336
$780,807
$888,444
$1,640,109
Plus: Fair Value of Stock
Awards Granted and Vested in
the Covered Year (on Vest
Date)
$499,325
$524,336
$734,153
$888,444
$735,837
Fair Value for Stock and Option
Awards Granted in the Covered
Year at Year-End ($)
-
$299
$73,409
-
$892,339
Change in Fair Value of
Outstanding Unvested Stock
and Option Awards from Prior
Years ($)
-
-
$7,971
$19,292
$25,530
Change in Fair Value of Stock
and Option Awards from Prior
Years that Vested in the
Covered Year ($)
-
-
-
-
-
Less: Fair Value of Stock and
Option Awards Forfeited during
the Covered Year ($)
-
-
-
-
-
Compensation Actually Paid ($)
$1,814,672
$1,538,410
$2,181,195
$2,721,165
$3,231,877
       
Compensation Actually Paid vs. Total Shareholder Return
CAP vs GRBK TSR.jpg
       
Compensation Actually Paid vs. Net Income
CAP vs Net Income.jpg
       
Compensation Actually Paid vs. Company Selected Measure
cap vs home closings revenue updated.jpg
       
Total Shareholder Return Vs Peer Group
CAP vs GRBK TSR.jpg
       
Tabular List, Table
Measure
Nature
Explanation
Earnings Per Share
Financial measure
Metric of profitability on a per share basis, which includes
the effect of all dilutive securities.
Home Closings
Revenue Growth
Financial measure
Increase, period over period, in revenue from home
closings.
Homebuilding Gross
Margin
Financial measure
Homebuilding gross margin is calculated as Home
Closings Revenue minus Cost of Homebuilding units.
Return on Assets
Financial measure
Return on assets is calculated by dividing net income by
total assets.
       
Total Shareholder Return Amount $ 206.59 492.07 452.44 211.06 264.20
Peer Group Total Shareholder Return Amount 189.23 242.76 220.06 136.96 192.00
Net Income (Loss) $ 343,511,000 $ 417,155,000 $ 306,675,000 $ 313,997,000 $ 204,381,000
Company Selected Measure Amount 2,032,781,000 2,032,288,000 1,739,388,000 1,696,911,000 1,305,620,000
Additional 402(v) Disclosure Column (f). For the relevant fiscal year, represents the cumulative total shareholder return (TSR) of Green Brick for the measurement periods
ending on December 31 of each of 2025, 2024, 2023, 2022 and 2021, respectively.
Column (h). Reflects “Net Income” in our consolidated income statements included in our Annual Reports on Form 10-K for each of the years
ended December 31, 2025, 2024, 2023, 2022 and 2021.
Column (i). Company-selected Measure is Home Closings Revenue Growth, which is described below.
       
Measure:: 1          
Pay vs Performance Disclosure          
Name Earnings Per Share        
Measure:: 2          
Pay vs Performance Disclosure          
Name Home Closings Revenue Growth        
Measure:: 3          
Pay vs Performance Disclosure          
Name Homebuilding Gross Margin        
Measure:: 4          
Pay vs Performance Disclosure          
Name Return on Assets        
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (7,643,096) $ (3,146,000) $ (3,100,497) $ (1,349,988) $ (1,225,000)
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 4,151,887 0 0 0 0
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 3,433,843 3,146,000 3,100,497 1,349,988 1,225,000
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
Non-PEO NEO | James R. Brickman [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,640,109 888,444 780,807 524,336 499,325
Non-PEO NEO | James R. Brickman [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 892,339 0 73,409 299 0
Non-PEO NEO | James R. Brickman [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 25,530 19,292 7,971 0 0
Non-PEO NEO | James R. Brickman [Member] | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 735,837 888,444 734,153 524,336 499,325
Non-PEO NEO | James R. Brickman [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
Non-PEO NEO | James R. Brickman [Member] | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 0 $ 0 $ 0 $ 0 $ 0