secwatch.observer — SEC 8-K summary
======================================

Issuer:     KB HOME (KBH)
CIK:        0000795266
Form:       8-K
Filed at:   2023-01-23T23:59:59+00:00
Accession:  0000795266-23-000013
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

KB Home awards $9.6M annual incentive to CEO Mezger; mixed cash and restricted stock
--------------------------------------------------------------------------------

- CEO Mezger total incentive $9,585,872: $7.48M cash + 60,514 restricted shares at $34.80.
- CFO Kaminski receives $2.27M, EVP McGibney $3.25M, EVP Praw $1.82M, all cash.
- McGibney also gets $402,758 performance-based cash payout from 2019 award.
- Restricted stock vests in equal annual installments over three years starting Jan 19, 2024.
- Incentive awards based on 2022 fiscal year performance under the annual incentive program.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/795266/000079526623000013/0000795266-23-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/795266/000079526623000013/kbh-20230119.htm
  HTML page:      https://secwatch.observer/filing/0000795266-23-000013

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer