secwatch.observer — SEC 8-K summary
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Issuer:     PULTEGROUP INC/MI/ (PHM)
CIK:        0000822416
Form:       8-K
Filed at:   2023-05-16T23:59:59+00:00
Accession:  0000822416-23-000024
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PulteGroup names Matthew Koart as COO, replacing retired John Chadwick
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- Koart appointed EVP/COO effective May 18, 2023; replaces John Chadwick who retired April 21.
- Base salary $750,000; AIP target $1.25M prorated; LTI target $2M (50% RSUs, 50% performance).
- Eligible for growth incentive pool: 15% allocation prorated; monthly living stipend $3,500.
- Koart previously CEO of Shapell Industries and founder of Koart Residential; former PulteGroup executive.
- Board granted limited ethics code waiver for Koart's minority development interests and approved potential $179K escrow payment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/822416/000082241623000024/0000822416-23-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/822416/000082241623000024/phm-20230516.htm
  HTML page:      https://secwatch.observer/filing/0000822416-23-000024

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