KRAMER NANCY J 4
Research Summary
AI-generated summary
M/I Homes (MHO) Director Nancy Kramer Converts RSUs, Receives New Grant
What Happened
- Nancy J. Kramer, a director of M/I Homes, had 1,822 restricted stock units (RSUs) vest and convert into common shares on May 13, 2026 (reported as an exercise/conversion of a derivative security). The filing also reports 1,822 shares as “disposed” at $0.00 (derivative) on the same date. In addition, Kramer was granted 1,573 RSUs (reported as an award/acquisition) that carry $0 reported purchase price. No cash proceeds or market sale value is reported in this filing.
Key Details
- Transaction date(s): May 13, 2026 (reported on Form 4 filed May 14, 2026).
- Prices / values: Conversion recorded as N/A for acquired shares; a disposition of 1,822 shares is shown at $0.00 (no cash value reported). The 1,573 RSU grant is reported at $0.00.
- Shares owned after transaction: Not specified in the excerpt of the Form 4 provided.
- Footnotes: (1) The 1,822 RSUs were originally granted May 14, 2025 and vested May 13, 2026; upon vesting each RSU converts into one common share. (2) Each RSU represents a contingent right to one common share. (3) The 1,573 RSUs are subject to future vesting (earlier of next annual meeting—if ≥50 weeks after May 13, 2026—or May 13, 2027) and will be settled in shares per plan timing (or deferred if a deferral election is made).
- Timeliness: Form 4 was filed the day after the transaction date (appears timely, not late).
Context
- These transactions are vesting/conversion of equity awards (RSUs) and a new RSU grant — not open-market purchases or sales. The filing shows a simultaneous reported “disposition” of 1,822 shares at $0.00; the Form 4 does not specify the reason for that disposition (e.g., tax withholding or other administrative settlement). No open-market sale or cashless exercise resulting in reported proceeds is shown.