Ryan Marshall, CEO and President of PulteGroup Inc. (NYSE: PHM), sold 111,250 shares of the company's common stock on February 5, 2026, generating about $14.8 million in proceeds. The transaction prices ranged between $132.66 and $135.49 per share, according to a Form 4 filing submitted to the Securities and Exchange Commission.
The filing also shows additional activity earlier in the week. On February 4, Marshall disposed of 53,813 shares to satisfy tax obligations at a reported price of $130.865 per share, representing roughly $7 million in value. That same filing records that Marshall acquired two blocks of common stock on February 4 - 120,818 shares and 29,170 shares - noted in the filing as having "no price." On February 5, he also sold 3,750 shares of common stock.
After the transactions disclosed in the Form 4, Marshall's direct stake in PulteGroup stands at 655,642 shares. The filing further indicates an indirect holding of 1079.254 shares, represented as units of the PulteGroup, Inc. Stock Fund of the PulteGroup, Inc. 401(k) Plan, as of February 4, 2026.
In a separate corporate update, PulteGroup declared a quarterly cash dividend of $0.26 per common share. The dividend will be paid on April 2, 2026, to shareholders of record as of March 17, 2026.
These company-specific developments arrive amid broader conversations within the homebuilding sector. The filing and corporate news coincide with a meeting in which Commerce Secretary Howard Lutnick engaged with major homebuilding executives to address concerns about housing affordability. Discussions reportedly explored potential incentives aimed at encouraging the construction of more homes.
Analyst coverage of PulteGroup has also shifted recently. Citizens initiated coverage with a Market Outperform rating, pointing to the company's sales mix that emphasizes move-up and active adult buyers - a positioning Citizens described as beneficial when navigating mortgage rate volatility and affordability pressures. BTIG started coverage with a Neutral rating, citing PulteGroup's effective execution of its operating and capital strategy in a challenging market. BTIG highlighted the company's balance between sales pace and pricing as a means to maintain inventory turnover without materially pressuring margins.
Contextual note - the Form 4 filing is the authoritative source for the detailed insider transactions reported above. Where the filing lists acquisitions with no price, the Form 4 provides the transaction entries without an executed price per share.