KB Home EVP receives stock grant, withholds shares
KB Home executive vice president and general counsel Brian J. Woram reported equity compensation activity involving the company’s common stock.
Rhea-AI Filing Summary
KB Home executive vice president and general counsel Brian J. Woram reported equity compensation activity involving the company’s common stock. He acquired 42,330 shares at no cost through the vesting of performance-based restricted stock units originally granted in November 2022. The number of vested shares was determined by KB Home’s cumulative adjusted earnings per share, average adjusted return on invested capital, and revenue growth relative to a peer group over the performance period from December 1, 2022 to November 30, 2025. To cover tax withholding obligations from this vesting, Woram disposed of 21,538 shares back to KB Home at $65.30 per share, a tax-withholding disposition rather than an open-market sale. After these transactions, he directly owned 214,569 shares of KB Home common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 42,330 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 21,538 | $65.30 | $1.41M |
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
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What insider transactions did KBH executive Brian J. Woram report?
Was the KBH insider activity an open-market stock sale?
What performance metrics determined the KBH PSU vesting for Woram?
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