Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | TMHC | Common Stock | Award | $0 | +29K | +51.42% | $0.00 | 85.3K | Feb 20, 2023 | Direct | F1 |
transaction | TMHC | Common Stock | Tax liability | -$383K | -10.7K | -12.51% | $35.85 | 74.7K | Feb 20, 2023 | Direct | F2 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | TMHC | Performance-based restricted stock units | Award | +29K | 29K | Feb 20, 2023 | Common Stock | 29K | Direct | F3 | ||||
transaction | TMHC | Performance-based restricted stock units | Options Exercise | -29K | -100% | 0 | Feb 20, 2023 | Common Stock | 29K | Direct | F1, F3 |
Id | Content |
---|---|
F1 | Represents the vesting and settlement of performance-based vesting restricted stock units ("PSUs") granted by the Issuer on February 10, 2020, under Issuer's 2013 Omnibus Equity Award Plan, as amended. Upon vesting, each PSU is settled in a share of the Issuer's Common Stock. |
F2 | Represents shares of Common Stock withheld by the Issuer to cover tax withholding obligations upon the vesting of PSUs. |
F3 | On February 10, 2020, the Reporting Person received a grant of PSUs representing 28,976 shares of the Issuer's Common Stock (at target), half of which vest based on the Issuer's earnings before taxes ("EBT") and a relative total shareholder return modifier, and half of which vest based on the Company's EBT margin and a relative total shareholder return modifier. The PSUs cliff vest at the end of a three year performance cycle, generally subject to the Reporting Person's continued employment through the date the compensation committee determines and certifies the applicable level of performance achieved for the fiscal 2022 tranche. The compensation committee determined that the objectives for the fiscal 2022 tranche were achieved at a level resulting in 28,976 PSUs being earned by the Reporting Person on February 20, 2023, subject to satisfaction of the vesting conditions for such grant. |