Form 4: KB Home Executive Sells Shares to Cover Tax Obligations

William R. Hollinger, SVP & Chief Accounting Officer of KB Home, disposed of 317 shares of common stock to cover tax obligations.

Summary

• William R. Hollinger, a Senior Vice President and Chief Accounting Officer at KB Home, sold 317 shares of common stock on January 19, 2025.
• The sale was executed at a price of $67.89 per share.
• This transaction was solely to cover tax withholding obligations arising from the vesting of a previous grant of restricted shares.
• Following the transaction, Hollinger directly owns 122,591 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.

Industry Context

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

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a common practice across publicly traded companies.
• Similar transactions are regularly reported by executives at other homebuilding companies such as Lennar and D.R. Horton.
• The number of shares sold and the price are consistent with typical transactions of this nature.

Stakeholder Impact

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

Key Dates

Keywords

KB Home, stock sale, insider trading, Form 4, executive compensation, tax obligations, share disposal, restricted shares, William R. Hollinger