Curtis Vanhyfte - Feb 26, 2024 Form 4 Insider Report for Taylor Morrison Home Corp (TMHC)

Signature
/s/ Darrell Sherman, as Attorney-in-Fact
Stock symbol
TMHC
Transactions as of
Feb 26, 2024
Transactions value $
-$321,971
Form type
4
Date filed
2/27/2024, 08:56 PM
Previous filing
Feb 26, 2024
Next filing
Mar 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TMHC Common Stock Award $0 +14.6K +227.95% $0.00 21.1K Feb 26, 2024 Direct F1
transaction TMHC Common Stock Tax liability -$267K -4.76K -22.6% $56.21 16.3K Feb 26, 2024 Direct F3
transaction TMHC Common Stock Award $0 +2.32K +14.21% $0.00 18.6K Feb 26, 2024 Direct F2
transaction TMHC Common Stock Tax liability -$54.5K -970 -5.21% $56.21 17.6K Feb 26, 2024 Direct F3

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 Performance-based restricted stock units Award +14.6K 14.6K Feb 26, 2024 Common Stock 14.6K Direct F4
transaction TMHC Performance-based restricted stock units Options Exercise -14.6K -100% 0 Feb 26, 2024 Common Stock 14.6K Direct F1, F4
transaction TMHC Performance-based restricted stock units Award +2.32K 2.32K Feb 26, 2024 Common Stock 2.32K Direct F5
transaction TMHC Performance-based restricted stock units Options Exercise -2.32K -100% 0 Feb 26, 2024 Common Stock 2.32K Direct F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the vesting and settlement of performance-based vesting restricted stock units ("PSUs") granted by the Issuer on February 16, 2021, 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 the vesting and settlement of PSUs granted by the Issuer on May 4, 2021, 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.
F3 Represents shares of Common Stock withheld by the Issuer to cover tax withholding obligations upon the vesting of PSUs.
F4 On February 16, 2021, the Reporting Person received a grant of PSUs representing 7,316 shares of the Issuer's Common Stock (at target). 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 2023 tranche, with the number of PSUs earned and issued determined based on achievement of return on net asset performance objectives approved by the Issuer's compensation committee for each year of the performance cycle. The compensation committee determined that the objectives for the fiscal 2023 tranche were achieved at a level resulting in 14,632 PSUs being earned by the Reporting Person on February 26, 2024, subject to satisfaction of the vesting conditions for such grant.
F5 On May 4, 2021, the Reporting Person received a grant of PSUs representing 1,158 shares of the Issuer's Common Stock (at target). 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 2023 tranche, with the number of PSUs earned and issued determined based on achievement of return on net asset performance objectives approved by the Issuer's compensation committee for each year of the performance cycle. The compensation committee determined that the objectives for the fiscal 2023 tranche were achieved at a level resulting in 2,316 PSUs being earned by the Reporting Person on February 26, 2024, subject to satisfaction of the vesting conditions for such grant.