Tri Pointe Homes (NYSE: TPH) COO reports RSU vesting, tax withholding and new grant
Rhea-AI Filing Summary
Tri Pointe Homes, Inc. President and COO Thomas J. Mitchell reported equity compensation-related transactions in company common stock. On February 12, 2026, 180,956 performance-based restricted stock units vested and were settled into the same number of shares, based on revenue and pre-tax earnings goals, and 85,785 shares were withheld to cover tax obligations tied to this vesting. On February 17, 2026, he received a separate grant of 129,589 restricted stock units that vest in three equal annual installments and are to be settled in an equal number of shares of common stock or cash under specified circumstances. Following these transactions, he holds shares both directly and indirectly, including 610,000 shares held by The Mitchell Family Trust.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 129,589 | $46.30 | $6.00M |
| Grant/Award | Common Stock | 180,956 | $0.00 | -- |
| Tax Withholding | Common Stock | 85,785 | $35.67 | $3.06M |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Represents shares of common stock issued pursuant to the vesting of performance-based restricted stock units granted on February 22, 2023 under the Company's 2022 Long-Term Incentive Plan that were eligible to vest based on attainment of certain revenue and pre-tax earnings performance goals (the "Performance Awards"). Upon the recommendation of the Compensation Committee, the Company's board of directors determined that, based on the Company's performance over the performance period, 180,956 Performance Awards would vest and be settled into an equal number of shares of common stock, in accordance with the terms of the Performance Awards. Withholding of shares to satisfy tax withholding obligations incident to vesting of the Performance Awards. Represents a grant of 129,589 restricted stock units ("RSUs") under the Company's 2022 Long-Term Incentive Plan. The RSUs, which vest one-third each year beginning on the first anniversary of the grant date, are to be settled for an equal number of shares of common stock (or the cash equivalent, under certain circumstances) upon vesting. By The Mitchell Family Trust.