Howard Hughes (NYSE: HHH) GC reports 686 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Howard Hughes Holdings Inc. General Counsel & Secretary Joseph Valane reported a routine tax-related share disposition. On the vesting of previously granted restricted stock, 686 shares of common stock were withheld by the company to cover tax obligations at $63.05 per share. No shares were sold in the market, and Valane now directly holds 28,523 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Valane Joseph
Role
General Counsel & Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common stock, $0.01 par value per share | 686 | $63.05 | $43K |
Holdings After Transaction:
Common stock, $0.01 par value per share — 28,523 shares (Direct)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 686 shares
Withholding price per share: $63.05 per share
Shares held after transaction: 28,523 shares
+1 more
4 metrics
Shares withheld for taxes
686 shares
Tax withholding on vesting restricted stock
Withholding price per share
$63.05 per share
Value used for 686 withheld shares
Shares held after transaction
28,523 shares
Direct common stock ownership after withholding
Tax-withholding transactions
1 transaction, 686 shares
Summary count in Form 4 transaction data
Key Terms
restricted stock, tax withholding obligations, Amended and Restated 2020 Incentive Plan, Form 4
4 terms
restricted stock financial
"upon the vesting of time-based shares of restricted stock previously granted"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
tax withholding obligations financial
"withheld by the Issuer to satisfy certain tax withholding obligations upon the vesting"
Amended and Restated 2020 Incentive Plan financial
"made under the Issuer's Amended and Restated 2020 Incentive Plan"
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What did Howard Hughes Holdings (HHH) insider Joseph Valane report on this Form 4?
Joseph Valane reported that 686 shares of Howard Hughes Holdings common stock were withheld to cover tax obligations on vesting restricted stock. This was an automatic tax-withholding event, not an open-market sale of shares by the executive.
Which compensation plan governed the restricted stock in this Howard Hughes Holdings (HHH) filing?
The restricted stock was granted under Howard Hughes Holdings’ Amended and Restated 2020 Incentive Plan. The Form 4 notes that these grants were previously reported and that the plan allows share withholding to meet tax obligations when such awards vest for executives.