Jeffrey T. Mezger - Feb 24, 2023 Form 4 Insider Report for KB HOME (KBH)

Role: President and CEO, Director
Signature: Tony Richelieu, Attorney-in-Fact for Jeffrey T. Mezger
Stock symbol: KBH
Transactions as of: Feb 24, 2023
Transactions value $: -$4,101,152
Form type: 4
Date filed: 2/28/2023, 04:20 PM
Previous filing: Jan 23, 2023
Next filing: May 18, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KBH	Common Stock	Award	$0	+272K	+20.64%	$0.00	1.59M	Feb 24, 2023	Direct	F1
transaction	KBH	Common Stock	Tax liability	-$4.1M	-117K	-7.33%	$35.20	1.47M	Feb 24, 2023	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents shares of common stock granted pursuant to the vesting of performance-based restricted stock units ("PSUs") that were initially awarded to the reporting person on October 3, 2019. The management development and compensation committee of the issuer's board of directors determined the number of vested shares based on the issuer's achieving certain levels of cumulative adjusted earnings per share, average adjusted return on invested capital, and revenue growth (relative to a peer group) over the three-year period of December 1, 2019 to November 30, 2022, per the terms of the PSUs.
F2	Disposition of common stock to the issuer solely to cover tax withholding obligations arising from the grant of common stock pursuant to the above-described vesting of PSUs.

Content

Represents shares of common stock granted pursuant to the vesting of performance-based restricted stock units ("PSUs") that were initially awarded to the reporting person on October 3, 2019. The management development and compensation committee of the issuer's board of directors determined the number of vested shares based on the issuer's achieving certain levels of cumulative adjusted earnings per share, average adjusted return on invested capital, and revenue growth (relative to a peer group) over the three-year period of December 1, 2019 to November 30, 2022, per the terms of the PSUs.

Disposition of common stock to the issuer solely to cover tax withholding obligations arising from the grant of common stock pursuant to the above-described vesting of PSUs.