Forsum Michael 4
4 · Landsea Homes Corp · Filed Apr 27, 2022
Insider Transaction Report
Form 4
Forsum Michael
President and COO
Transactions
- Tax Payment
Common Stock, par value $0.0001
2022-04-25$8.39/sh−8,798$73,815→ 401,442 total
Footnotes (2)
- [F1]19,858 restricted stock units ("RSUs") previously granted under the Landsea Homes Corporation 2020 Stock Incentive Plan (the "2020 Plan") vested on April 19, 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 April 22, 2022. The withholding of vested shares was approved by the Board of the Directors of the Issuer.
- [F2]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) 39,716 RSUs previously granted under the 2020 Plan that will vest as to one-half on each of April 19, 2023 and April 19, 2024. Each RSU represents the right to receive one share of Common Stock.