BURROWS LAWRENCE B. 4
4 · Tri Pointe Homes, Inc. · Filed May 14, 2026
Research Summary
AI-generated summary of this filing
Tri Pointe Homes (TPH) Director Lawrence B. Burrows Sells Shares
What Happened
Lawrence B. Burrows, a director of Tri Pointe Homes, reported dispositions on May 14, 2026 tied to the company's merger. 87,836 shares were converted/paid out at $47.00 per share for a cash value of $4,128,292. An additional 3,734 shares (reported as disposed) were also converted in the transaction; no per-share price was listed for that lot. These were not open-market sales but cash conversions under the merger.
Key Details
- Transaction date: 2026-05-14. Transaction code: D (Disposition to issuer — conversion/cash-out in the merger).
- Reported amounts: 87,836 shares @ $47.00 = $4,128,292; 3,734 shares @ N/A (amount not specified).
- Filing: Period of report and filing date both 2026-05-14 (filed contemporaneously). No late filing indicated.
- Shares after transaction: The merger converted and canceled outstanding common shares, so the reported common-stock holdings were effectively cashed out (no remaining common shares in the company post-merger for those converted shares).
- Relevant footnotes: Merger Agreement converted each outstanding share (other than excluded shares) into $47.00 cash (F1). Outstanding restricted stock units granted before Feb 2026 or held by non-employee directors were vested, canceled, and converted into the same cash consideration (F2).
Context
This activity reflects the company being acquired: shares and certain RSUs were converted into merger consideration (cash), not sold on the open market. Such dispositions tied to an acquisition are procedural (the holder received merger cash) and do not, by themselves, indicate the insider’s buy/sell sentiment.
Insider Transaction Report
- Disposition to Issuer
Common Stock
[F1]2026-05-14$47.00/sh−87,836$4,128,292→ 0 total - Disposition to Issuer
Common Stock (Restricted Stock Unit)
[F2]2026-05-14−3,734→ 0 total
Footnotes (2)
- [F1]Pursuant to the Agreement and Plan of Merger, dated as of February 13, 2026 (the "Merger Agreement"), by and among Tri Pointe Homes, Inc. (the "Company"), Sumitomo Forestry Co., Ltd. ("Parent"), and Teton NewCo, Inc. ("Merger Sub"), an indirect wholly owned subsidiary of Parent, on May 14, 2026, Merger Sub merged with and into the Company (the "Merger"), and each share (each, a "Share") of Company common stock (other than certain excluded Shares) issued and outstanding immediately prior to the effective time of the Merger (the "Effective Time") was automatically canceled and converted into the right to receive $47.00 in cash, without interest (the "Merger Consideration").
- [F2]At the Effective Time, each outstanding restricted stock unit award (each, a "Company RSU") granted prior to February 2026 or held by a non-employee director was fully vested, canceled and converted, in accordance with the terms of the Merger Agreement, into the right to receive, in respect of each Share subject to such Company RSU, the Merger Consideration in cash, without interest.