Tri Pointe Homes, Inc.·4

May 14, 4:01 PM ET

BURROWS LAWRENCE B. 4

Research Summary

AI-generated summary

Updated

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.