4//SEC Filing
Forsum Michael 4
Accession 0001731122-24-000553
CIK 0001721386other
Filed
Mar 31, 8:00 PM ET
Accepted
Apr 1, 9:54 PM ET
Size
7.4 KB
Accession
0001731122-24-000553
Insider Transaction Report
Form 4
Forsum Michael
President and COO
Transactions
- Tax Payment
Common Stock, par value $0.0001
2024-04-01$14.53/sh−6,553$95,215→ 427,015 total - Award
Common Stock, par value $0.0001
2024-03-28+14,894→ 433,568 total
Footnotes (3)
- [F1]Represents the third tranche of the performance share units ("PSUs") granted on April 19, 2022 under the Landsea Homes Corporation 2020 Stock Incentive Plan (the "2020 Plan") that vested at 50% achievement. Each PSU represents the right to receive one share of the Issuer's common stock, par value $0.0001 per share (the "Common Stock").
- [F2]In connection with the 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 28, 2024. The withholding of vested shares was approved by the Board of the Directors of the Issuer.
- [F3]Includes (i) 62,155 restricted stock units ("RSUs") previously granted under the 2020 Plan that vest on March 15, 2025 and (ii) 19,858 RSUs previously granted under the 2020 Plan that will vest on 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 31, 8:00 PM ET
- Accepted
- Apr 1, 9:54 PM ET
- Size
- 7.4 KB