Tri Pointe Homes (NYSE: TPH) exec uses stock to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Tri Pointe Homes, Inc. President and COO Thomas J. Mitchell reported tax-related share dispositions tied to restricted stock unit vesting. On February 21 and February 22, he disposed of 11,169 and 9,968 shares of common stock, respectively, at $46.31 per share to satisfy withholding obligations under the company’s 2022 Long-Term Incentive Plan. After these non‑market transactions, he directly owned 939,891 shares, and an additional 610,000 shares were held indirectly by The Mitchell Family Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
MITCHELL THOMAS J.
Role
President and COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 9,968 | $46.31 | $462K |
| Tax Withholding | Common Stock | 11,169 | $46.31 | $517K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 939,891 shares (Direct);
Common Stock — 610,000 shares (Indirect, See Note)
Footnotes (1)
- Withholding of shares to satisfy tax withholding obligations incident to vesting of RSU awards under the Company's 2022 Long-Term Incentive Plan. By The Mitchell Family Trust.
FAQ
What did Tri Pointe Homes (TPH) insider Thomas J. Mitchell report on this Form 4?
Thomas J. Mitchell reported two tax-withholding dispositions of Tri Pointe Homes common stock. These transactions were related to the vesting of RSU awards under the 2022 Long-Term Incentive Plan, rather than open-market buying or selling activity.
Were the Tri Pointe Homes (TPH) Form 4 transactions open-market sales?
No, the Form 4 states these were tax-withholding dispositions. Shares were withheld to satisfy tax obligations arising from RSU vesting under Tri Pointe Homes’ 2022 Long-Term Incentive Plan, rather than discretionary open-market sales by the executive.