KB HOME (KBH) director receives 3,269 common stock units as award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
KB HOME director Jodee A. Kozlak received a stock award in the form of common stock units. On this award date, she acquired 3,269 units at no cash cost under the Amended and Restated KB Home Non-Employee Directors Compensation Plan, which is exempt under Rule 16b-3.
Each stock unit represents the right to receive one share of KB Home common stock, bringing her direct holdings after this grant to 30,597 shares. This filing reflects routine non-cash director compensation rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kozlak Jodee A
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,269 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 30,597 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Stock units granted: 3,269 units
Price per share: $0.0000
Shares held after grant: 30,597 shares
3 metrics
Stock units granted
3,269 units
Common stock units awarded to director on grant date
Price per share
$0.0000
Reported transaction price for awarded stock units
Shares held after grant
30,597 shares
Total direct KB HOME holdings after the award
Key Terms
common stock units, Amended and Restated KB Home Non-Employee Directors Compensation Plan, Rule 16b-3
3 terms
common stock units financial
"Award of common stock units under the Amended and Restated KB Home Non-Employee Directors Compensation Plan"
Amended and Restated KB Home Non-Employee Directors Compensation Plan financial
"Award of common stock units under the Amended and Restated KB Home Non-Employee Directors Compensation Plan"
Rule 16b-3 regulatory
"which award is exempt under Rule 16b-3"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
FAQ
What insider transaction did KB HOME (KBH) report for Jodee A. Kozlak?
KB HOME reported that director Jodee A. Kozlak received an award of 3,269 common stock units. The grant was made under the company’s Non-Employee Directors Compensation Plan and is treated as compensation, not an open-market stock purchase or sale.
Was cash paid for the KB HOME stock units granted to Jodee A. Kozlak?
No cash was paid for this grant; the transaction price per share is reported as 0.0000. The 3,269 common stock units represent equity compensation awarded under the Non-Employee Directors Compensation Plan, rather than a market purchase of KB HOME shares.
What does the KB HOME Non-Employee Directors Compensation Plan provide in this Form 4?
The plan granted Jodee A. Kozlak 3,269 common stock units, each representing the right to receive one KB HOME share. This award is part of her director compensation and is exempt from certain insider trading rules under Rule 16b-3, as disclosed in the filing.
Is Jodee A. Kozlak’s KB HOME stock award considered an open-market transaction?
No, the award is not an open-market transaction. It is a grant of 3,269 common stock units with a reported price of 0.0000 per share, issued under a board-approved Non-Employee Directors Compensation Plan and classified as a grant or award acquisition.
What SEC rule exemption applies to Jodee A. Kozlak’s KB HOME stock unit award?
The award is exempt under SEC Rule 16b-3, as noted in the footnote. This rule provides an exemption for certain transactions, such as board-approved compensation grants, from short-swing profit rules that normally apply to insiders’ trades in company securities.