0001731122-23-000304.txt : 20230303
0001731122-23-000304.hdr.sgml : 20230303
20230303201937
ACCESSION NUMBER: 0001731122-23-000304
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230301
FILED AS OF DATE: 20230303
DATE AS OF CHANGE: 20230303
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Forsum Michael
CENTRAL INDEX KEY: 0001839958
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38545
FILM NUMBER: 23707173
MAIL ADDRESS:
STREET 1: 660 NEWPORT CENTER DRIVE, SUITE 300
CITY: NEWPORT BEACH
STATE: CA
ZIP: 92660
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Landsea Homes Corp
CENTRAL INDEX KEY: 0001721386
STANDARD INDUSTRIAL CLASSIFICATION: OPERATIVE BUILDERS [1531]
IRS NUMBER: 822196021
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 660 NEWPORT CENTER DRIVE
STREET 2: SUITE 300
CITY: NEWPORT BEACH
STATE: CA
ZIP: 92660
BUSINESS PHONE: (949) 345-8080
MAIL ADDRESS:
STREET 1: 660 NEWPORT CENTER DRIVE
STREET 2: SUITE 300
CITY: NEWPORT BEACH
STATE: CA
ZIP: 92660
FORMER COMPANY:
FORMER CONFORMED NAME: LF Capital Acquisition Corp.
DATE OF NAME CHANGE: 20171101
4
1
ownership.xml
X0306
4
2023-03-01
0
0001721386
Landsea Homes Corp
LSEA
0001839958
Forsum Michael
C/O LANDSEA HOMES CORPORATION.
660 NEWPORT CENTER DRIVE, SUITE 300
NEWPORT BEACH
CA
92660
0
1
0
0
President and COO
Common Stock, par value $0.0001
2023-03-01
4
A
0
59574
0
A
461016
D
Common Stock, par value $0.0001
2023-03-02
4
F
0
17755
6.58
D
443261
D
Represents shares of the Issuer's common stock, par value $0.0001 per share (the "Common Stock"), received upon the vesting and settlement of the second tranche of the performance share units ("PSUs") granted on April 19, 2022 under the Landsea Homes Corporation 2020 Stock Incentive Plan (the "2020 Plan"). The portion of the PSUs reported in this filing vested at 200% achievement.
In connection with the vesting and settlement of the PSUs, the Issuer withheld shares of Common Stock to satisfy its tax withholding obligations. The number of shares withheld was based on the closing price per share on March 1, 2023. The withholding of vested shares was approved by the Board of the Directors of the Issuer.
Includes (i) 165,746 RSUs previously granted under the 2020 Plan, 41,436 of which will vest on March 15, 2023, 62,155 will vest on March 15, 2024 and the remaining 62,155 will vest on March 15, 2025 and (ii) 39,716 RSUs previously granted under the 2020 Plan that will vest as to one-half on each of April 19, 2023 and April 19, 2024. Each RSU represents the right to receive one share of Common Stock.
/s/ Franco Tenerelli, Attorney-in-fact for Michael Forsum
2023-03-03