Form 4: Beazer Homes CEO Allan P. Merrill Disposes of Shares to Cover Tax Obligations

Beazer Homes CEO Allan P. Merrill disposed of 12,649 shares of common stock to cover tax obligations related to vesting restricted stock.

Summary

• Allan P. Merrill, the Chairman, President, and CEO of Beazer Homes USA Inc., disposed of 12,649 shares of common stock on November 14, 2024.
• The shares were sold at a price of $34.63 per share.
• This transaction was to cover tax withholding obligations related to the vesting of restricted stock.
• Following the transaction, Mr. Merrill directly owns 1,221,809 shares of Beazer Homes common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, which is neither positive nor negative for the company's performance.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when restricted stock vests.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a common practice across the industry.
• Many companies use restricted stock units as part of executive compensation packages, leading to similar tax-related sales.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates

Keywords

Beazer Homes, Allan P. Merrill, stock sale, insider trading, Form 4, tax obligations, restricted stock