Robert Nathaniel Martin - Feb 2, 2024 Form 4 Insider Report for M.D.C. HOLDINGS, INC. (MDC)

Role
SVP and CFO
Signature
Robert N. Martin
Stock symbol
MDC
Transactions as of
Feb 2, 2024
Transactions value $
-$1,894,058
Form type
4
Date filed
2/5/2024, 05:55 PM
Previous filing
Jul 28, 2023
Next filing
Mar 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MDC Common Stock $.01 Par Value Award $0 +35K +11.67% $0.00 335K Feb 2, 2024 Direct F3
transaction MDC Common Stock $.01 Par Value Tax liability -$961K -15.3K -4.57% $62.74 320K Feb 2, 2024 Direct F2, F4
transaction MDC Common Stock $.01 Par Value Tax liability -$392K -6.25K -1.95% $62.74 313K Feb 3, 2024 Direct F1, F2
transaction MDC Common Stock $.01 Par Value Tax liability -$454K -7.23K -2.31% $62.74 306K Feb 3, 2024 Direct F1, F2
transaction MDC Common Stock $.01 Par Value Tax liability -$87.6K -1.4K -0.46% $62.74 305K Feb 4, 2024 Direct F1, F2
holding MDC Common Stock $.01 Par Value 529 Feb 2, 2024 By 401(k) F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Restricted stock vesting -- share withholding pursuant to irrevocable election made outside of blackout periods (May 8, 2023).
F2 Closing Price on February 2, 2024
F3 Vesting of Performance Share Unit (PSU) award originally granted on July 14, 2021.
F4 PSU vesting - share withholding pursuant to irrevocable election made outside blackout periods (May 8, 2023).
F5 Unitized shares held in a stock fund in the Reporting Person's 401(k) Savings Plan which changes on a daily basis.