KB Home (NYSE: KBH) COO nets stock award, tax shares withheld
Filing Impact
Filing Sentiment
Form Type
4
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
2 transactions reported
Mixed
2 txns
Insider
McGibney Robert V.
Role
President and COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 99,602 | $0.00 | -- |
| Tax Withholding | Common Stock | 42,680 | $65.30 | $2.79M |
Holdings After Transaction:
Common Stock — 177,947 shares (Direct)
Footnotes (1)
- 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. 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
What did KBH executive Robert McGibney report in this Form 4 filing?
Robert McGibney reported a stock award and related tax withholding. He received 99,602 KB HOME common shares from performance-based restricted stock units, and 42,680 shares were withheld and returned to the company to satisfy tax obligations tied to that vesting.
Were any of Robert McGibney’s KBH stock transactions open-market sales?
No open-market sales were reported. The 42,680-share disposition was to KB HOME itself, used solely to cover tax withholding obligations arising from the vesting of performance-based restricted stock units, rather than a discretionary sale on the open market.
What performance metrics determined Robert McGibney’s vested KBH PSUs?
The vested shares were based on KB HOME’s cumulative adjusted earnings per share, average adjusted return on invested capital, and revenue growth relative to a peer group over December 1, 2022 to November 30, 2025, as specified in the original performance-based restricted stock unit award.
What do the transaction codes A and F mean in this KBH Form 4?
Code A indicates a grant, award, or other acquisition of stock, here from PSU vesting. Code F indicates shares delivered back to the issuer to pay an exercise price or tax liability, here covering taxes on the newly vested performance-based restricted stock units.