Form 4: Landsea Homes CFO Christopher T Porter Reports Tax Withholding Transaction
SEC Form 4
Christopher T Porter, CFO of Landsea Homes Corp, reports the withholding of shares to cover tax obligations related to vested restricted stock units (RSUs).
Summary
- Christopher T Porter, the Chief Financial Officer of Landsea Homes Corp, filed a Form 4 detailing changes in beneficial ownership.
- On April 6, 2025, the company withheld 2,154 shares of common stock at a price of $6.25 to satisfy tax withholding obligations related to the vesting and settlement of previously granted restricted stock units (RSUs).
- These RSUs were granted under the Landsea Homes Corporation 2020 Stock Incentive Plan.
- Following the transaction, Porter directly owns 106,031 shares of Landsea Homes Corp.
- These shares include 4,178 RSUs vesting on April 6, 2026, 11,160 RSUs vesting in thirds on July 30 of 2025, 2026 and 2027, and 24,096 RSUs vesting in thirds on February 26 of 2026, 2027 and 2028, contingent on continued service.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations on vested stock, so it's neutral in sentiment.
Future Outlook
Future vesting of RSUs is contingent on the Reporting Person remaining continuously providing services to the Issuer or its subsidiaries through such vesting date.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions, which are closely monitored by investors.
Stakeholder Impact
- Shareholders may be interested in the insider activity, but the impact is likely minimal as it relates to tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/06/2025 | Date of the transaction where shares were withheld for tax obligations. |
| 04/06/2026 | Vesting date for 4,178 RSUs. |
| 07/30/2025 | First vesting date for one-third of 11,160 RSUs. |
| 07/30/2026 | Second vesting date for one-third of 11,160 RSUs. |
| 07/30/2027 | Third vesting date for one-third of 11,160 RSUs. |
| 02/26/2026 | First vesting date for one-third of 24,096 RSUs. |
| 02/26/2027 | Second vesting date for one-third of 24,096 RSUs. |
| 02/26/2028 | Third vesting date for one-third of 24,096 RSUs. |
| 04/08/2025 | Date of the report filing. |
Keywords
Form 4, Landsea Homes Corp, Christopher T Porter, CFO, Restricted Stock Units, RSUs, Tax Withholding, Beneficial Ownership, 2020 Stock Incentive Plan
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