Form 4: Landsea Homes Corp: Officer Forsum Sells Shares to Cover Tax Obligations

Michael Forsum, President and COO of Landsea Homes Corp, disposed of 28,008 shares to cover tax obligations related to vesting restricted stock units.

Summary

• On March 21, 2024, Michael Forsum, the President and COO of Landsea Homes Corp, disposed of 28,008 shares of common stock to satisfy tax withholding obligations.
• The shares were withheld by the Issuer in connection with the vesting and settlement of restricted stock units (RSUs) previously granted under the Landsea Homes Corporation 2020 Stock Incentive Plan.
• The withholding of vested shares was approved by the Board of Directors of the Issuer.
• The transaction was executed at a price of $12.72 per share.
• Following the transaction, Forsum beneficially owns 418,674 shares of Landsea Homes Corp.
• This includes 62,155 RSUs that vest on March 15, 2025, and 19,858 RSUs that will vest on April 19, 2024.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to stock transactions. It doesn't convey any particularly positive or negative sentiment.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and stock ownership. It doesn't provide significant insight into broader industry trends.

Stakeholder Impact

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

Key Dates