Saul Scherl - Dec 31, 2021 Form 4 Insider Report for Howard Hughes Corp (HHC)

Role: President, NY Tri-State Region
Signature: /s/ Peter F. Riley, Attorney-in-fact for Saul Scherl
Stock symbol: HHC
Transactions as of: Dec 31, 2021
Transactions value $: -$222,796
Form type: 4
Date filed: 1/4/2022, 08:04 PM
Next filing: Jan 28, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HHC	Common stock, $0.01 par value per share	Tax liability	-$223K	-2.19K	-4.3%	$101.78	48.7K	Dec 31, 2021	Direct	F1, 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 withheld by The Howard Hughes Corporation to satisfy certain tax withholding obligations upon the vesting of 4,474 time-based shares of restricted stock granted to the reporting person. The grants of such shares were previously reported and made under The Howard Hughes Corporation Amended and Restated 2010 Incentive Plan. No shares were sold by the reporting person.
F2	Reflects a reduction of 4,535 shares granted pursuant to a performance-vesting restricted stock award and previously reported, but that did not vest in accordance with the terms of the award.

Content

Represents shares of common stock withheld by The Howard Hughes Corporation to satisfy certain tax withholding obligations upon the vesting of 4,474 time-based shares of restricted stock granted to the reporting person. The grants of such shares were previously reported and made under The Howard Hughes Corporation Amended and Restated 2010 Incentive Plan. No shares were sold by the reporting person.

Reflects a reduction of 4,535 shares granted pursuant to a performance-vesting restricted stock award and previously reported, but that did not vest in accordance with the terms of the award.