Francescon Robert J 4
4 · Century Communities, Inc. · Filed Feb 6, 2026
Research Summary
AI-generated summary of this filing
Century Communities CEO Robert Francescon Receives Award; Sells Shares for Taxes
What Happened
Robert J. Francescon, CEO, President and a director of Century Communities, received a performance-share-unit payout on Feb 4, 2026 that converted into 197,773 shares of common stock (awarded at $0 on the Form 4). To cover the related tax liability, 84,426 shares were disposed (code F) at $68.81 per share, producing proceeds of $5,809,353. The award covers the 2023–2025 performance period and includes accrued dividend-equivalent rights.
Key Details
- Transaction date: February 4, 2026; Form 4 filed Feb 6, 2026 (timely filing).
- Award: 197,773 shares (performance share unit payout) reported as acquisition (code A) at $0.00 on the Form 4.
- Tax withholding/disposition: 84,426 shares disposed (code F) at $68.81, total $5,809,353.
- Footnote: PSU payout for the 2023–2025 period, includes 7,717 dividend-equivalent rights, paid under the 2022 Omnibus Incentive Plan as approved by the compensation committee.
- Shares owned after transaction: not specified in the provided filing.
Context
This was a compensation payout (performance share units converted to stock) rather than an outright open-market buy or sell for investment purposes. The share disposition was a routine tax-withholding action (common for equity awards) and should not be interpreted as a standalone bullish or bearish signal. Purchases by insiders typically carry more informational weight than standard award settlements or tax withholding.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-04+197,773→ 796,190 total - Tax Payment
Common Stock
2026-02-04$68.81/sh−84,426$5,809,353→ 711,764 total
- 887,793(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.