Valane Joseph 4
Research Summary
AI-generated summary
Howard Hughes (HHH) Gen. Counsel Valane Joseph Withholds 483 Shares for Taxes
What Happened
Valane Joseph, General Counsel & Secretary of Howard Hughes Holdings (HHH), had 483 shares of common stock withheld by the company to satisfy tax withholding obligations upon the vesting of time‑based restricted stock. The withholding was recorded at $80.04 per share for a total value of about $38,659. This was a tax‑withholding disposition of vested shares, not an open‑market sale by the reporting person.
Key Details
- Transaction date: 2026-02-05; Filing date: 2026-02-09 (filed within the two business‑day Form 4 deadline).
- Price used for withholding: $80.04 per share; Shares withheld/disposed: 483; Total value shown: $38,659.
- Transaction code: F — shares withheld to satisfy tax liability on vesting.
- Shares owned after the transaction: not specified in the filing.
- Footnote: The withheld shares relate to previously reported grants under the Issuer’s Amended and Restated 2020 Incentive Plan; no shares were sold by the reporting person.
Context
Tax‑withholding dispositions for vested restricted stock are routine administrative transactions and do not necessarily indicate a change in the insider’s market view. For investors tracking insider activity, purchases tend to be more informative than withholding events like this one.