Francescon Dale 4
4 · Century Communities, Inc. · Filed Feb 6, 2026
Research Summary
AI-generated summary of this filing
Century Communities (CCS) Exec Dale Francescon Receives Award, Sells Shares
What Happened
Dale Francescon, Executive Chairman and Director of Century Communities (CCS), received 197,773 shares as the payout of a 2023–2025 performance share unit (PSU) award on February 4, 2026. To satisfy tax withholding on the payout, 84,433 shares were disposed (withheld) at $68.81 each, totaling about $5,809,835. The PSU payout included 7,717 dividend-equivalent rights that were settled in shares.
Key Details
- Transaction date: 2026-02-04; Form 4 filed: 2026-02-06 (timely filing).
- Award (code A): 197,773 shares issued at $0.00 (PSU payout).
- Withholding (code F): 84,433 shares disposed at $68.81 for tax/payment = $5,809,835.
- Footnote: Payout covers the 2023–2025 performance period under the 2022 Omnibus Incentive Plan; each dividend equivalent right is settled as one share.
- Shares owned after transaction: not disclosed in this filing.
Context
This was not an open-market purchase or discretionary sale but a routine PSU payout where shares are issued to the executive and a portion is withheld to cover taxes (a common practice). PSU awards reflect prior performance periods and do not by themselves indicate new buying or selling intent.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-04+197,773→ 746,195 total - Tax Payment
Common Stock
2026-02-04$68.81/sh−84,433$5,809,835→ 661,762 total
- 1,264,762(indirect: By LLC)
Common Stock
Footnotes (1)
- [F1]Represents the payout of a performance share unit award for the 2023-2025 performance period, including 7,717 accrued dividend equivalent rights, under the Century Communities, Inc. 2022 Omnibus Incentive Plan, as approved by the Issuer's Compensation Committee of the Board of Directors on February 4, 2026. Performance share unit awards are paid in shares of common stock of the Issuer and each dividend equivalent right is the economic equivalent of one share of the Issuer's common stock.