David Ch Lee - Feb 16, 2023 Form 4 Insider Report for Tri Pointe Homes, Inc. (TPH)

Role
VP General Counsel & Secretary
Signature
/S/ DAVID CH LEE
Stock symbol
TPH
Transactions as of
Feb 16, 2023
Transactions value $
-$148,487
Form type
4
Date filed
2/21/2023, 07:25 PM
Previous filing
Mar 2, 2022
Next filing
Feb 24, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TPH Common Stock Award $0 +16.2K +38.3% $0.00 58.6K Feb 16, 2023 Direct F1
transaction TPH Common Stock Tax liability -$131K -5.87K -10% $22.41 52.8K Feb 16, 2023 Direct F2
transaction TPH Common Stock Tax liability -$17.1K -765 -1.45% $22.29 52K Feb 20, 2023 Direct F3
* 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 issued pursuant to the vesting of performance-based restricted stock units granted on February 20, 2020 under the Company's 2013 Long-Term Incentive Plan that were eligible to vest based on attainment of certain revenue and pre-tax earnings performance goals, in each case subject to a modifier based on the Company's total stockholder return performance relative to its peer group (the "Performance Awards"). Upon the recommendation of the Compensation Committee, the Company's board of directors determined that, based on the Company's performance over the performance period, 16,234 Performance Awards would vest and be settled into an equal number of shares of common stock, in accordance with the terms of the Performance Awards.
F2 Withholding of shares to satisfy tax withholding obligations incident to vesting of the Performance Awards.
F3 Withholding of shares to satisfy tax withholding obligations incident to vesting of RSU award under the Company's 2013 Long-Term Incentive Plan.