KB Home president gets 99,602-share stock award
KB HOME President and COO Robert V. McGibney reported equity compensation activity involving company common stock.
Rhea-AI Filing Summary
KB HOME President and COO Robert V. McGibney reported equity compensation activity involving company common stock. He acquired 99,602 shares at no cost through the vesting of previously granted performance-based restricted stock units tied to multi-year earnings, return on invested capital, and revenue growth goals.
On the same date, 42,680 shares were disposed of back to KB HOME at $65.30 per share solely to cover tax withholding obligations from this vesting, rather than an open-market sale. After these transactions, McGibney directly owned 135,267 shares of KB HOME common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 99,602 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 42,680 | $65.30 | $2.79M |
Footnotes (2)
- F1. Represents shares of common stock granted pursuant to the vesting of performance-based restricted stock units ("PSUs") that were initially awarded to the reporting person on November 14, 2022. The management development and compensation committee of the issuer's board of directors determined the number of vested shares based on the issuer's achieving certain levels of cumulative adjusted earnings per share, average adjusted return on invested capital, and revenue growth (relative to a peer group) over the three-year period of December 1, 2022 to November 30, 2025, per the terms of the PSUs.
- F2. Disposition of common stock to the issuer solely to cover tax withholding obligations arising from the grant of common stock pursuant to the above-described vesting of PSUs.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did KBH executive Robert McGibney report in this Form 4 filing?
Were any of Robert McGibney’s KBH stock transactions open-market sales?
What performance metrics determined Robert McGibney’s vested KBH PSUs?
What do the transaction codes A and F mean in this KBH Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.