Century Communities (CCS) CEO granted 360 dividend equivalent rights tied to RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Francescon Robert J reported acquisition or exercise transactions in this Form 4 filing.
Century Communities, Inc. CEO and President Robert J. Francescon received a grant of 360 Dividend Equivalent Rights tied to his existing restricted stock units. Each right is the economic equivalent of one share of common stock and will vest in step with the related RSUs. Following the reported positions, he directly holds 711,764 common shares and indirectly holds 887,793 shares through RJF Century LLC.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Francescon Robert J
Role
CEO and President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalent Rights | 360 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Dividend Equivalent Rights — 360 shares (Direct, null);
Common Stock — 887,793 shares (Indirect, By RJF Century LLC);
Common Stock — 711,764 shares (Direct, null)
Footnotes (1)
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Key Figures
Dividend Equivalent Rights granted: 360 rights
Direct common shares after transaction: 711,764 shares
Indirect common shares after transaction: 887,793 shares
+1 more
4 metrics
Dividend Equivalent Rights granted
360 rights
Grant of dividend equivalent rights tied to RSUs
Direct common shares after transaction
711,764 shares
Direct ownership reported for Robert J. Francescon
Indirect common shares after transaction
887,793 shares
Indirect ownership via RJF Century LLC
Dividend Equivalent Rights price
$0.00 per right
Compensation grant, not a market purchase
Key Terms
Dividend Equivalent Rights, restricted stock units (RSUs), economic equivalent, indirect ownership
4 terms
Dividend Equivalent Rights financial
"Represents dividend equivalent rights that accrued on restricted stock units (RSUs) held by the reporting person"
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 (RSUs) financial
"accrued on restricted stock units (RSUs) held by the reporting person in conjunction with the payment of a cash dividend"
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
economic equivalent financial
"Each dividend equivalent right is the economic equivalent of one share of the Issuer's common stock."
indirect ownership financial
"total_shares_following_transaction 887793.0000, direct_or_indirect I, nature_of_ownership By RJF Century LLC"
FAQ
What insider transaction did CCS CEO Robert Francescon report?
Robert J. Francescon reported receiving 360 Dividend Equivalent Rights. These are compensation-related instruments that mirror cash dividends on existing RSUs and convert into common stock equivalents as the RSUs vest.
What are Dividend Equivalent Rights in the CCS Form 4 filing?
Dividend Equivalent Rights give the holder economic value equal to dividends on common stock. In this case, they accrued on Robert J. Francescon’s RSUs and will vest and settle proportionately with those underlying RSUs.
Were the CCS Dividend Equivalent Rights granted as a market purchase or compensation?
The 360 Dividend Equivalent Rights were granted as compensation, coded as an acquisition award. They accrued on existing RSUs in connection with a cash dividend, not from an open-market stock purchase.