HHH CFO reports equity awards and tax withholding
Howard Hughes Holdings Chief Financial Officer Carlos A. Olea reported several equity transactions in company stock.
Rhea-AI Filing Summary
Howard Hughes Holdings Chief Financial Officer Carlos A. Olea reported several equity transactions in company stock. On February 3, 2026, performance-based restricted share units granted in 2023 vested at the maximum level, adding 7,153 shares after the company’s adjusted net asset value targets were certified at 200% of goal.
The company withheld 3,869 shares to cover tax obligations tied to that vesting, with no open-market sale by Olea. He also received new equity awards under the 2025 Equity Incentive Plan: 4,047 time-based restricted shares that vest in thirds between 2027 and 2028, and 16,190 performance-based restricted shares that may cliff vest on December 31, 2028 if performance conditions are met. Following these transactions, Olea directly beneficially owned 67,996 common shares.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common stock, $0.01 par value per share | 7,153 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common stock, $0.01 par value per share | 3,869 | $79.77 | $309K |
| Grant/Award | Common stock, $0.01 par value per share | 4,047 | $0.00 | $0.00 |
| Grant/Award | Common stock, $0.01 par value per share | 16,190 | $0.00 | $0.00 |
Footnotes (4)
- F1. As previously reported, on March 23, 2023, the Reporting Person was granted performance-based restricted shares (the "2023 RSUs"), and, based on the Company's adjusted net asset value growth ("NAV") over a three-year term ended on December 31, 2025 (the "Measurement Period"), the actual number of 2023 RSUs earned could range from 0% to 200% of target 2023 RSUs. On February 3, 2026, the Compensation Committee (the "Committee") of the Board of Directors of the Issuer approved the Company's NAV as of December 31, 2025 for purposes of the 2023 RSUs and, accordingly, certified the achievement of the pre-established performance targets at 200% for the Measurement Period. As a result of the Committee's certification, the vesting of an additional 7,153 shares of common stock was approved.
- F2. Represents shares of common stock withheld by the Issuer to satisfy certain tax withholding obligations upon the vesting of the 2023 RSUs. No shares were sold by the reporting person.
- F3. Represents shares of time-based restricted stock granted on February 3, 2026 under the Issuer's 2025 Equity Incentive Plan, with one-third (1/3) of the total number of shares granted vesting on the following dates: February 3, 2027, December 31, 2027 and December 31, 2028.
- F4. Represents shares of performance-based restricted stock granted on February 3, 2026 under the Issuer's 2025 Equity Incentive Plan, which cliff vest, if at all, on December 31, 2028 based upon achievement of certain performance metrics.
FAQ
What insider transactions did HHH CFO Carlos Olea report on February 3, 2026?
What are the terms of the 2023 performance-based RSUs reported by HHH’s CFO?
What time-based restricted stock did the HHH CFO receive under the 2025 Equity Incentive Plan?
What performance-based restricted stock grant did the HHH CFO receive in 2026?
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