Sheryl Palmer - Feb 10, 2022 Form 4 Insider Report for Taylor Morrison Home Corp (TMHC)

Role
Chairman, President and CEO, Director
Signature
/s/ Darrell Sherman, as Attorney-in-Fact
Stock symbol
TMHC
Transactions as of
Feb 10, 2022
Transactions value $
-$179,264
Form type
4
Date filed
2/14/2022, 05:17 PM
Previous filing
Jan 4, 2022
Next filing
Feb 18, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TMHC Common Stock Options Exercise +20.3K +9.58% 232K Feb 10, 2022 Direct F1
transaction TMHC Common Stock Tax liability -$179K -6.09K -2.62% $29.46 226K Feb 10, 2022 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TMHC Restricted Stock Units Options Exercise -20.3K -50% 20.3K Feb 10, 2022 Common Stock 20.3K Direct F1, F3, F4
transaction TMHC Employee Stock Option (Right to Buy) Award -112K -50% 112K Feb 11, 2022 Common Stock 112K $29.08 Direct F5, F6
transaction TMHC Restricted Stock Units Award -75.7K -50% 75.7K Feb 11, 2022 Common Stock 75.7K Direct F7, F8, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents settlement of restricted stock units ("RSUs") through the issuance of one share of Common Stock for each vested RSU.
F2 Represents shares of Common Stock withheld by the Issuer to cover tax withholding obligations upon the vesting of RSUs.
F3 On February 10, 2020, the Reporting Person was granted 60,883 RSUs, generally vesting in three installments of approximately 33 1/3% on each of February 10, 2021, February 10, 2022 and February 10, 2023.
F4 The RSUs were granted to the Reporting Person pursuant to the Taylor Morrison 2013 Omnibus Equity Award Plan, as amended (the "Equity Plan").
F5 Subject to certain conditions, the options will generally vest in four equal installments of 25% on each of February 11, 2023, February 11, 2024, February 11, 2025 and February 11, 2026.
F6 The options were granted to the Reporting Person in accordance with the Equity Plan.
F7 Each RSU represents a contingent right to receive one share of Common Stock.
F8 Subject to certain conditions, the RSUs will generally vest in three installments of approximately 33 1/3% on each of February 11, 2023, February 11, 2024 and February 11, 2025.
F9 The RSUs were granted to the Reporting Person in accordance with the Equity Plan.