Form 4: Century Communities CFO John Scott Dixon Reports Acquisition of Dividend Equivalent Rights
SEC Form 4 Filing
John Scott Dixon, CFO of Century Communities, reports acquiring dividend equivalent rights related to restricted stock units.
Summary
- On September 11, 2024, John Scott Dixon, the Chief Financial Officer of Century Communities, Inc. [CCS], reported a transaction.
- Dixon acquired 45 dividend equivalent rights related to restricted stock units (RSUs) he holds.
- These rights accrued in conjunction with a cash dividend payment on Century Communities' common stock.
- The dividend equivalent rights will vest and be settled proportionately with the RSUs to which they relate, with each right being the economic equivalent of one share of Century Communities' common stock.
- Dixon directly owns 221 derivative securities following the reported transaction.
- Dixon also disposed of 3,611 shares of common stock.
Sentiment
Score: 5
Explanation: This is a routine disclosure of insider transactions, with neutral sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 09/11/2024 | Date of transaction: John Scott Dixon acquired dividend equivalent rights. |
| 09/12/2024 | Date of signature on the Form 4 filing. |
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