secwatch.observer — SEC 8-K summary
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Issuer:     KB HOME (KBH)
CIK:        0000795266
Form:       8-K
Filed at:   2023-10-11T23:59:59+00:00
Accession:  0000795266-23-000106
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

KB Home grants 251,701 PSUs to NEOs; CEO Mezger receives 124,717
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- Performance restricted stock units (PSUs) target shares: CEO Mezger 124,717; McGibney 51,020; Kaminski 34,014; Praw 21,542; Woram 20,408.
- Three-year performance period Dec 1, 2023 – Nov 30, 2026 based on cumulative adjusted EPS (40%), average adjusted ROIC (35%), relative revenue growth (25%).
- Final payout ranges from 0% to 200% of target shares; below-threshold performance yields zero shares.
- Award includes cash dividend equivalents credited during the performance period and paid at settlement.
- Forfeiture provisions: full forfeiture on termination except retirement (after 1 year), death, or disability; accelerated vesting under change of control conditions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/795266/000079526623000106/0000795266-23-000106-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/795266/000079526623000106/kbh-20231005.htm
  HTML page:      https://secwatch.observer/filing/0000795266-23-000106

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