Bustamante Jose Miguel 4

What Happened

• Jose Miguel Bustamante, President (Nevada) of Howard Hughes Holdings, received two restricted stock awards on February 3, 2026: 3,123 time‑based restricted shares and 3,123 performance‑based restricted shares, for a total of 6,246 shares. Each grant was reported at $0.00 per share (typical for restricted stock awards), so no cash was exchanged.

Key Details

• Transaction date: February 3, 2026; Form 4 filed February 5, 2026.
• Grants: 3,123 time‑based restricted shares (F1) and 3,123 performance‑based restricted shares (F2); total 6,246 shares.
• Price: $0.00 per share (award/grant).
• Vesting (per footnotes):
  • F1 (time‑based): one‑third vesting on Feb 3, 2027, Dec 31, 2027 and Dec 31, 2028.
  • F2 (performance‑based): cliff vesting, if at all, on Dec 31, 2028 subject to achievement of specified performance metrics.
• Shares owned after the transaction: not stated in the provided filing details.
• Filing timeliness: Reported on Feb 5 for a Feb 3 transaction; filing appears timely (no late‑filing flag reported).

Context

• These are compensation awards, not open‑market purchases or sales; they do not represent an immediate cash investment or disposition by the insider.
• Time‑based awards will vest on set dates; performance awards only vest if the company meets the specified goals by the performance date, so actual ownership depends on future conditions.