OShaughnessy Robert 4

What Happened

• Robert O'Shaughnessy, Executive Vice President of PulteGroup (PHM), was awarded a total of 36,909 common shares (32,795 + 4,114) on 2026-02-04 as stock-settled performance awards. Those awards had a $0 acquisition price reported.
• On the same date he surrendered 14,644 shares to the issuer to satisfy tax withholding obligations at an implied price of $130.87 per share, a disposition valued at $1,916,387.
• This was not an open-market sale for cash gain but a routine surrender of shares to cover taxes related to the vested awards.

Key Details

• Transaction date: 2026-02-04; Form 4 filed: 2026-02-06 (filed within typical Form 4 timing).
• Award amounts: 32,795 shares and 4,114 shares granted (total 36,909 shares).
• Disposition: 14,644 shares surrendered at $130.87/share = $1,916,387 to cover tax obligations.
• Shares owned after transaction: Not specified in the filing.
• Footnotes from the filing:
  • F1: These shares are fully vested and exercisable.
  • F2: Shares were granted to settle a stock‑settled performance award under the 2019 Senior Management Incentive Plan.
  • F3: Shares were surrendered to the issuer to cover tax obligations on common shares on which restrictions lapsed.

Context

• This is a standard insider award + tax-withholding transaction (company settled performance awards and withheld/surrendered shares to meet tax obligations). It does not indicate an open-market sale or new purchase signal.
• For retail investors, such filings show insiders receiving equity compensation and meeting tax obligations rather than taking cash proceeds from a discretionary sale.