Sheldon Todd N 4
4 · PULTEGROUP INC/MI/ · Filed Feb 6, 2026
Research Summary
AI-generated summary of this filing
PulteGroup (PHM) EVP Todd N. Sheldon Sells 14,220 Shares
What Happened
Todd N. Sheldon, EVP, General Counsel and Corporate Secretary of PulteGroup (PHM), sold 14,220 shares in an open-market transaction on 2026-02-06 at an average weighted price of $135.01 for proceeds of about $1,919,785. Earlier on 2026-02-04 he was granted a total of 20,023 shares (15,535 and 4,488) as stock-settled performance awards and surrendered 6,920 shares on 2026-02-04 to satisfy tax obligations at $130.87 (proceeds/withholding value reported as $905,586). The grants were stock-settled performance awards and certain shares were fully vested and exercisable per the filing.
Key Details
- Transaction dates: awards and tax-surrender on 2026-02-04; open-market sale on 2026-02-06.
- Sale: 14,220 shares at an average weighted price of $135.01 (range $134.97–$135.12) → ~$1,919,785.
- Tax withholding/surrender: 6,920 shares at $130.87 → $905,586 (reported as surrendered to issuer to cover taxes).
- Awards: 15,535 and 4,488 shares granted on 2026-02-04 as stock-settled performance awards.
- Shares owned after the transactions: not reported in the provided filing details.
- Notable footnotes: F1—shares fully vested and exercisable; F2—grants were to settle performance awards; F3—shares surrendered for taxes; F4—sale price is an average weighted price across multiple trades.
- Filing: Form 4 filed 2026-02-06 for transactions on 2026-02-04 and 2026-02-06 (no late filing flag indicated).
Context
This filing shows awards being settled in stock, then some shares surrendered to cover tax withholding and a separate open-market sale of shares. That pattern (award → tax withholding via share surrender → open-market sale) is common for executives receiving stock-based pay and does not, by itself, indicate a particular view on the company's prospects. Purchases generally carry more explicit bullish signal than routine sales or tax-withholding transactions.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-02-04+15,535→ 86,405 total - Tax Payment
Common Stock
[F3]2026-02-04$130.87/sh−6,920$905,586→ 79,485 total - Award
Common Stock
2026-02-04+4,488→ 83,973 total - Sale
Common Stock
[F4]2026-02-06$135.01/sh−14,220$1,919,785→ 69,753 total
Footnotes (4)
- [F1]These shares are fully vested and exercisable.
- [F2]These shares were granted to settle a stock-settled performance award under the PulteGroup, Inc. 2019 Senior Management Incentive Plan.
- [F3]These shares were surrendered to issuer to cover tax obligations on common shares on which the restrictions have lapsed.
- [F4]The price reported is an average weighted price. These shares were sold in multiple transactions at prices ranging from $134.97 to $135.12, inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.