Tri Pointe COO shares withheld for RSU taxes
Tri Pointe Homes President and COO Thomas J. Mitchell reported a tax-related share disposition tied to restricted stock unit vesting.
Rhea-AI Filing Summary
Tri Pointe Homes President and COO Thomas J. Mitchell reported a tax-related share disposition tied to restricted stock unit vesting. On this Form 4, 12,840 shares of common stock were withheld at $46.31 per share to cover tax obligations from RSU awards under the company’s 2022 Long-Term Incentive Plan, rather than sold in an open-market trade.
After this withholding, Mitchell directly holds 961,028 shares of common stock. He also has an indirect holding of 610,000 shares through The Mitchell Family Trust, as noted in the filing, reflecting a substantial continuing ownership stake.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 12,840 | $46.31 | $595K |
| holding | Common Stock | -- | -- | -- |
Footnotes (2)
- F1. Withholding of shares to satisfy tax withholding obligations incident to vesting of RSU awards under the Company's 2022 Long-Term Incentive Plan.
- F2. By The Mitchell Family Trust.
FAQ
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What insider transaction did Tri Pointe Homes (TPH) report for Thomas J. Mitchell?
What does the F transaction code mean in the Tri Pointe Homes (TPH) Form 4?
How are The Mitchell Family Trust holdings disclosed for Tri Pointe Homes (TPH)?
Does the Tri Pointe Homes (TPH) Form 4 suggest a change in confidence by management?
AI-generated analysis. How Rhea-AI works. Not financial advice.