Form 4: Beazer Homes USA Inc. Executive Keith L. Belknap Jr. Sells Shares
SEC Form 4 Filing
Keith L. Belknap Jr., EVP and General Counsel of Beazer Homes USA Inc., sold 785 shares of common stock at an average price of $29.67.
Summary
- On May 15, 2024, Keith L. Belknap Jr., EVP and General Counsel of Beazer Homes USA Inc., sold 785 shares of common stock.
- The shares were sold at a weighted average price of $29.67, with individual transactions ranging from $29.25 to $29.86.
- Following the transaction, Belknap directly owns 180,819 shares of Beazer Homes USA Inc.
- The sale was executed under a Rule 10b5-1 trading plan adopted on February 5, 2024.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to an executive's stock sale. It doesn't inherently convey positive or negative sentiment about the company's prospects.
Industry Context
Executive stock sales are a common occurrence and are often related to personal financial planning rather than a reflection of the company's performance. It is important to consider the overall context of executive compensation and trading activity when evaluating such transactions.
Stakeholder Impact
- The sale of shares by an executive could be perceived negatively by some shareholders, although it is a relatively small transaction.
Key Dates
| Date | Description |
|---|---|
| 02/05/2024 | Date of adoption of Rule 10b5-1 trading plan |
| 05/15/2024 | Date of stock sale transaction |
| 05/17/2024 | Date of signature on the Form 4 filing |
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