Francescon Dale 4
Research Summary
AI-generated summary
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.