Transaction details
Kevin A. Henry, who serves as Executive Vice President and Chief People Officer at PulteGroup INC/MI/ (NYSE:PHM), executed a sale of 5,173 shares of the company's common stock on February 24, 2026. The shares were disposed of at an average weighted price of $141.035, producing total proceeds of $729,574. Reported trade prices for the blocks ranged from $141.00 to $141.24.
The sale took place while PulteGroup's shares are trading near a 52-week high of $144.50, following a 34% increase in the stock over the past year.
Ownership after the sale
Following the transaction, Henry's direct ownership in PulteGroup stands at 14,673 shares of common stock.
Valuation note referenced
According to analysis cited from InvestingPro, the homebuilder appears undervalued at current market levels, with the stock trading at a price-to-earnings ratio of 12.7. The InvestingPro service is said to provide 12 additional ProTips for PHM and comprehensive Pro Research Reports covering more than 1,400 U.S. equities.
Corporate financing and debt management
PulteGroup has completed an $800 million offering of senior unsecured notes, structured into two tranches maturing in 2031 and 2036. The 2031 notes were priced at 99.658% of principal and the 2036 notes at 99.038% of principal. The company indicated the offering is intended to refinance existing indebtedness.
Board and shareholder returns
In governance developments, PulteGroup named Kristin Gannon, a real estate finance professional from Eastdil Secured, as an independent director on its board. Gannon will serve on the Nominating and Governance Committee and on the Audit Committee.
Separately, PulteGroup's Board of Directors declared a quarterly cash dividend of $0.26 per share, which is scheduled to be paid to shareholders on April 2, 2026.
Industry engagement
The company was also among the builders whose executives met with Commerce Secretary Howard Lutnick to discuss housing affordability and potential incentives aimed at increasing home construction. The meeting was presented as part of broader industry discussions on affordability and building incentives.
Context and takeaway
The insider sale, corporate debt issuance and board appointment were disclosed together, providing a snapshot of PulteGroup's recent capital markets activity, governance changes and shareholder return policy. The company continues to pursue refinancing of outstanding debt while engaging in industry-level dialogue about housing affordability and construction incentives.