Form 4: KB Home Executive Brian J. Woram Disposes of Shares to Cover Tax Obligations

KB Home's Executive Vice President and General Counsel, Brian J. Woram, disposed of shares to cover tax withholding obligations from a previous restricted stock grant.

Summary

• Brian J. Woram, Executive Vice President and General Counsel at KB Home, disposed of 71 shares of common stock on January 18, 2025, at a price of $67.89 per share.
• He also disposed of 767 shares of common stock on January 19, 2025, at the same price of $67.89 per share.
• These transactions were made to cover tax withholding obligations arising from the vesting of a previous grant of restricted shares.
• Following these transactions, Mr. Woram beneficially owns 174,910 shares of KB Home common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, with no indication of positive or negative sentiment towards the company's performance.

Industry Context

This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies. It does not indicate any significant change in the company's outlook or performance.

Comparison to Industry Standards

• Executive stock transactions to cover tax obligations are a standard practice across publicly listed companies.
• Similar transactions are regularly reported by executives at other homebuilding companies such as Lennar and D.R. Horton.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes.

Key Dates

Keywords

KB Home, stock disposal, insider trading, Form 4, executive compensation, tax obligations, restricted stock, Brian J. Woram