Tenerelli Franco 4
4 · Landsea Homes Corp · Filed Apr 10, 2023
Insider Transaction Report
Form 4
Tenerelli Franco
EVP, CLO & Secretary
Transactions
- Tax Payment
Common Stock, par value $0.0001
2023-04-06$6.10/sh−1,481$9,034→ 34,135 total
Footnotes (2)
- [F1]4,284 restricted stock units ("RSUs") previously granted under the Landsea Homes Corporation 2020 Stock Incentive Plan (the "2020 Plan") vested on April 6, 2023. 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 6, 2023. The withholding of vested shares was approved by the Board of the Directors of the Issuer.
- [F2]Includes (i) 8,566 RSUs previously granted under the 2020 Plan that will vest as to one-half on each of 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.