Form 4: Century Communities Co-CEO Robert Francescon Reports Stock Transactions
SEC Form 4 Filing
Robert Francescon, Co-CEO and President of Century Communities, reports the vesting and conversion of restricted stock units and dividend equivalent units into common stock.
Summary
- On March 17, 2024, Robert Francescon, Co-CEO and President of Century Communities, engaged in transactions involving the company's stock.
- Francescon converted 6,162 restricted stock units (RSUs) into common stock.
- Additionally, 244 dividend equivalent units were converted into common stock.
- He also disposed of 2,803 shares of common stock at a price of $88.01.
- Following these transactions, Francescon directly owns 527,931 shares of common stock and indirectly owns 887,793 shares through RJF Century LLC.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities and beneficial ownership of company stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the number of shares held by a key executive.
Key Dates
| Date | Description |
|---|---|
| 03/17/2021 | Robert J. Francescon was granted 18,487 RSUs, vesting in three nearly equal annual installments beginning on the first anniversary of the grant date. |
| 03/17/2024 | Transactions involving the conversion of restricted stock units and dividend equivalent units into common stock, and the disposition of common stock. |
| 03/19/2024 | Date of signature for the Form 4 filing. |
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