Sheryl Palmer - Jun 13, 2023 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
Jun 13, 2023
Transactions value $
-$2,665,033
Form type
4
Date filed
6/14/2023, 07:24 PM
Previous filing
Jun 12, 2023
Next filing
Jul 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TMHC Common Stock Options Exercise $28.6K +1.53K +0.38% $18.74 401K Jun 13, 2023 Direct
transaction TMHC Common Stock Sale -$72.4K -1.53K -0.38% $47.46 400K Jun 13, 2023 Direct F1, F2
transaction TMHC Common Stock Options Exercise $2.65M +111K +27.75% $23.84 511K Jun 13, 2023 Direct
transaction TMHC Common Stock Sale -$5.27M -111K -21.72% $47.46 400K Jun 13, 2023 Direct F1, 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 Employee Stock Option (Right to buy) Options Exercise $0 -1.53K -100% $0.00* 0 Jun 13, 2023 Common Stock 1.53K $18.74 Direct F3
transaction TMHC Employee Stock Option (Right to buy) Options Exercise $0 -111K -73.58% $0.00 39.9K Jun 13, 2023 Common Stock 111K $23.84 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 This transaction was effected pursuant to a Rule 10b5-1 Plan entered into by the reporting person on March 15, 2023. Accordingly, the reporting person had no discretion with regard to the timing of the transaction.
F2 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $46.93 to $47.86, inclusive. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission, to any security holder of Taylor Morrison Home Corporation ("TMHC"), or to TMHC, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
F3 On February 2, 2017, the reporting person was granted 160,256 options vesting in four equal installments on each of February 2, 2018, February 2, 2019, February 2, 2020 and February 2, 2021.
F4 On February 12, 2018, the reporting person was granted 150,830 options vesting in four equal installments on each of February 12, 2019, February 12, 2020, February 12, 2021 and February 12, 2022.