Director Cheryl Henry granted 2,895 KB Home (NYSE: KBH) stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
KB Home director Cheryl Janet Henry acquired 2,895 common stock units as an equity award under the company’s Amended and Restated Non-Employee Directors Compensation Plan. The grant was recorded at $0.00 per unit, indicating a compensation award rather than a market purchase. Following this award, she directly holds 7,057 shares of KB Home common stock or stock units, with each unit representing the right to receive one share.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
HENRY CHERYL JANET
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,895 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 7,057 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Stock units granted: 2,895 units
Grant price: $0.00 per unit
Holdings after grant: 7,057 shares
3 metrics
Stock units granted
2,895 units
Equity award of common stock units
Grant price
$0.00 per unit
Reported transaction price per share
Holdings after grant
7,057 shares
Total direct holdings following transaction
Key Terms
Amended and Restated KB Home Non-Employee Directors Compensation Plan, common stock units, Rule 16b-3
3 terms
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"
common stock units 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 Cheryl Janet Henry?
KB Home reported that director Cheryl Janet Henry received an award of 2,895 common stock units. The units were granted as compensation, not bought on the market, and each unit represents the right to receive one share of KB Home common stock.
Was cash paid for the 2,895 KB Home (KBH) common stock units granted?
No cash was paid for these units; the transaction price per share was reported as $0.00. This indicates the 2,895 common stock units were granted as part of director compensation rather than acquired through an open-market purchase.
Under which plan were KB Home (KBH) stock units granted to Cheryl Janet Henry?
The stock units were awarded under the Amended and Restated KB Home Non-Employee Directors Compensation Plan. This plan provides equity-based compensation to non-employee board members, with each stock unit representing the right to receive one share of KB Home common stock.
What does each KB Home (KBH) common stock unit granted to Cheryl Janet Henry represent?
Each common stock unit granted to Cheryl Janet Henry represents the right to receive one share of KB Home common stock. The award is exempt under Rule 16b-3, which covers certain issuer-approved equity compensation for directors and officers.