Form 4: Beazer Homes USA VP Sun Pei Reports Share Transactions Following Vesting
SEC Form 4 Filing
Beazer Homes USA's VP and Chief Accounting Officer, Sun Pei, reports the acquisition of 747 shares and the disposal of 332 shares to cover tax obligations following the vesting of a performance share award.
Summary
- Sun Pei, VP & Chief Accounting Officer at Beazer Homes USA, reported transactions involving the company's common stock.
- On November 12, 2024, 747 shares were acquired due to the vesting of a performance share award.
- Also on November 12, 2024, 223 shares were disposed of to cover tax withholding obligations related to the performance share award.
- An additional 109 shares were disposed of to cover tax withholding obligations related to restricted stock.
- Following these transactions, Sun Pei beneficially owns 17,504 shares of Beazer Homes USA common stock.
Sentiment
Score: 7
Explanation: The document reflects routine transactions related to executive compensation. There is no indication of positive or negative sentiment, it is a standard reporting requirement.
Industry Context
This filing is a routine disclosure of stock transactions by a company officer, which is common in publicly traded companies. It reflects the vesting of equity awards and the subsequent tax obligations.
Comparison to Industry Standards
- The reporting of stock transactions by company officers is a standard practice across all publicly listed companies in the US.
- The use of Form 4 filings is mandated by the SEC to ensure transparency in insider trading activities.
- The vesting of performance share awards and restricted stock is a common form of executive compensation in the homebuilding industry, similar to practices at companies like Lennar and D.R. Horton.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are related to executive compensation and do not indicate a change in the company's fundamentals.
Key Dates
| Date | Description |
|---|---|
| 2024-11-06 | Date of the Limited Power of Attorney for Section 16 Reporting Obligations. |
| 2024-11-12 | Date of the reported stock transactions, including acquisition and disposal of shares. |
| 2024-11-13 | Date of signature for the Form 4 filing. |
Keywords
Beazer Homes USA, insider trading, Form 4, stock transaction, share vesting, performance share award, restricted stock, tax withholding, Sun Pei
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