4//SEC Filing
Tenerelli Franco 4
Accession 0001731122-23-000306
CIK 0001721386other
Filed
Mar 2, 7:00 PM ET
Accepted
Mar 3, 8:21 PM ET
Size
7.4 KB
Accession
0001731122-23-000306
Insider Transaction Report
Form 4
Tenerelli Franco
EVP, CLO & Secretary
Transactions
- Award
Common Stock, par value $0.0001
2023-03-01+10,638→ 39,858 total - Tax Payment
Common Stock, par value $0.0001
2023-03-02$6.58/sh−4,242$27,912→ 35,616 total
Footnotes (3)
- [F1]Represents shares of the Issuer's common stock, par value $0.0001 per share (the "Common Stock"), received upon the vesting and settlement of the second tranche of the performance share units ("PSUs") granted on April 19, 2022 under the Landsea Homes Corporation 2020 Stock Incentive Plan (the "2020 Plan"). The portion of the PSUs reported in this filing vested at 200% achievement.
- [F2]In connection with the vesting and settlement of the PSUs, 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 1, 2023. The withholding of vested shares was approved by the Board of the Directors of the Issuer.
- [F3]Includes (i) 12,850 RSUs previously granted under the 2020 Plan that will vest as to one-third on each of April 6, 2023, April 6, 2024 and April 6, 2025 and (ii) 7,092 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.
Documents
Issuer
Landsea Homes Corp
CIK 0001721386
Entity typeother
Related Parties
1- filerCIK 0001839526
Filing Metadata
- Form type
- 4
- Filed
- Mar 2, 7:00 PM ET
- Accepted
- Mar 3, 8:21 PM ET
- Size
- 7.4 KB