Form 4: Howard Hughes Holdings Executive James Carman Sells Shares to Cover Tax Obligations

James Carman, President of the Houston Region at Howard Hughes Holdings, disposed of 251 shares to cover tax obligations related to vested restricted stock.

Summary

• James Carman, President of the Houston Region at Howard Hughes Holdings, disposed of 251 shares of common stock on January 30, 2025.
• The shares were sold at a price of $76.88 per share.
• This transaction was to cover tax withholding obligations related to the vesting of previously granted restricted stock.
• Following the transaction, Mr. Carman directly owns 10,200 shares of Howard Hughes Holdings common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, with no significant positive or negative implications for the company's performance or outlook.

Industry Context

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

Comparison to Industry Standards

• Stock transactions by executives to cover tax obligations are a common practice across publicly traded companies.
• Many companies use restricted stock units as part of their compensation packages, which often trigger tax liabilities upon vesting.
• The number of shares sold and the price are specific to this transaction and do not provide a direct comparison to other companies without further context.

Stakeholder Impact

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

Key Dates

Keywords

Howard Hughes Holdings, James Carman, stock sale, insider trading, tax obligations, restricted stock, executive compensation