Century Communities chair granted 191 dividend equivalent rights
Century Communities’ Executive Chairman received additional dividend equivalent rights linked to RSUs, increasing both derivative and reported share holdings.
Rhea-AI Filing Summary
Century Communities, Inc. (symbol: CCS) is the issuer of record for a Form 4 filing submitted to the SEC. Francescon Dale reported acquisition or exercise transactions in this Form 4 filing.
Century Communities, Inc. (CCS) reporting person Dale Francescon, Executive Chairman, received an award of 191 dividend equivalent rights on September 9, 2026 tied to existing restricted stock units. These rights will vest and settle proportionately with the related RSUs, and each right is the economic equivalent of one share of common stock.
After this award, Francescon holds 397 dividend equivalent rights directly, as well as 561,662 shares of common stock directly and 1,264,762 shares indirectly through DF Century LLC. No Rule 10b5-1 trading plan is reported for this Form 4.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 191 shares
Grant/Award
3 txns
Insider
Francescon Dale
Role
Executive Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalent Rights F1 | 191 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Dividend Equivalent Rights — 397 contracts (Direct);
Common Stock — 1,264,762 shares (Indirect, By DF Century LLC);
Common Stock — 561,662 shares (Direct)
Footnotes (1)
- F1. Represents dividend equivalent rights that accrued on restricted stock units (RSUs) held by the reporting person in conjunction with the payment of a cash dividend on the Issuer's common stock, which dividend equivalent rights will vest and be settled proportionately with the RSUs to which they relate. Each dividend equivalent right is the economic equivalent of one share of the Issuer's common stock.
Key Figures
Dividend equivalent rights acquired: 191 rights
Dividend equivalent rights after transaction: 397 rights
Direct common stock holdings: 561,662 shares
+2 more
5 metrics
Dividend equivalent rights acquired
191 rights
Grant on September 9, 2026 tied to RSUs
Dividend equivalent rights after transaction
397 rights
Total derivative rights held directly after award
Direct common stock holdings
561,662 shares
Common stock held directly by Dale Francescon after the reported date
Indirect common stock holdings via DF Century LLC
1,264,762 shares
Common stock held indirectly by DF Century LLC after the reported date
Transaction price per right
$0.00 per right
Dividend equivalent rights granted without cash consideration
Key Terms
Dividend Equivalent Rights, restricted stock units, economic equivalent
3 terms
Dividend Equivalent Rights financial
"Represents dividend equivalent rights that accrued on restricted stock units (RSUs)"
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
restricted stock units financial
"dividend equivalent rights that accrued on restricted stock units (RSUs) held"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
economic equivalent financial
"Each dividend equivalent right is the economic equivalent of one share"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did CCS report for Executive Chairman Dale Francescon?
The report shows an acquisition of 191 dividend equivalent rights on September 9, 2026. These rights accrued on restricted stock units in connection with a cash dividend and will vest and settle proportionately with the RSUs to which they relate.
How many dividend equivalent rights does the CCS insider hold after this transaction?
Following the September 9, 2026 award, Executive Chairman Dale Francescon holds 397 dividend equivalent rights directly. Each right is the economic equivalent of one share of Century Communities common stock.
What are Dale Francescon’s direct and indirect CCS common stock holdings after the filing?
After the reported transactions, Dale Francescon holds 561,662 shares of Century Communities common stock directly and 1,264,762 shares indirectly, held by DF Century LLC.
Were the CCS insider transactions made under a Rule 10b5-1 trading plan?
No. The Form 4 indicates no Rule 10b5-1 trading plan; the document-level checkbox for such a plan is not marked, and no footnote states that the transactions were made pursuant to a 10b5-1 or other pre-arranged trading arrangement.
What does each dividend equivalent right mean for CCS Executive Chairman’s economic exposure?
Each dividend equivalent right is described as the economic equivalent of one share of Century Communities common stock. The rights will vest and be settled in step with the underlying RSUs, aligning their value with the company’s common shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
