4//SEC Filing
Forsum Michael 4
Accession 0001731122-22-000449
CIK 0001721386other
Filed
Mar 14, 8:00 PM ET
Accepted
Mar 15, 8:43 PM ET
Size
7.7 KB
Accession
0001731122-22-000449
Insider Transaction Report
Form 4
Forsum Michael
President and COO
Transactions
- Purchase
Common Stock, par value $0.0001
2022-03-14$7.33/sh+27,300$200,109→ 423,597 total - Tax Payment
Common Stock, par value $0.0001
2022-03-15$7.86/sh−13,357$104,986→ 410,240 total
Footnotes (3)
- [F1]This transaction was executed in multiple trades at prices ranging from $7.22 to $7.34. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.
- [F2]41,436 restricted stock units ("RSUs") previously granted under the Landsea Homes Corporation 2020 Stock Incentive Plan (the "2020 Plan") vested on March 15, 2022. In connection with the vesting and settlement of such RSUs, the Issuer withheld shares of Common Stock to satisfy its tax withholding obligations. The number of shares withheld was based on the closing price per share on March 14, 2022. The withholding of vested shares was approved by the Board of the Directors of the Issuer.
- [F3]Includes (i) 165,746 RSUs previously granted under the 2020 Plan, 41,436 of which will vest on March 15, 2023, 62,155 will vest on March 15, 2024 and the remaining 62,155 will vest on March 15, 2025 and (ii) 59,574 RSUs previously granted under the 2020 Plan that will vest as to one-third on each of April 19, 2022, April 19, 2023 and April 19, 2024. Each RSU represents the right to receive one share of Common Stock.
Documents
Issuer
Landsea Homes Corp
CIK 0001721386
Entity typeother
Related Parties
1- filerCIK 0001839958
Filing Metadata
- Form type
- 4
- Filed
- Mar 14, 8:00 PM ET
- Accepted
- Mar 15, 8:43 PM ET
- Size
- 7.7 KB