KB Home (NYSE: KBH) EVP reports share grant and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
KB Home executive Albert Z. Praw received a grant of 44,820 shares of common stock at no cost, issued upon the vesting of performance-based restricted stock units awarded in November 2022. To cover tax withholding from this grant, 22,805 shares were disposed back to the company, leaving him with 126,077 directly owned shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
PRAW ALBERT Z
Role
EVP, Real Estate & Bus. Dev.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 44,820 | $0.00 | -- |
| Tax Withholding | Common Stock | 22,805 | $65.30 | $1.49M |
Holdings After Transaction:
Common Stock — 148,882 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 Albert Z. Praw report in this Form 4?
Albert Z. Praw reported receiving 44,820 shares of KB Home common stock through a performance-based stock grant and disposing of 22,805 shares back to the company to cover tax withholding obligations tied to that grant.
What performance period governed the vested KBH PSUs for Albert Z. Praw?
The vested performance-based restricted stock units covered a three-year period from December 1, 2022 to November 30, 2025. Vesting depended on KB Home achieving targets for cumulative adjusted earnings per share, average adjusted return on invested capital, and revenue growth versus a peer group.
How were the performance targets for Albert Z. Praw’s KBH PSU grant determined?
KB Home’s management development and compensation committee determined the number of vested shares. It based the calculation on cumulative adjusted earnings per share, average adjusted return on invested capital, and revenue growth relative to a peer group over the specified three-year performance period.