Darrell Sherman - 11 Feb 2025 Form 4 Insider Report for Taylor Morrison Home Corp (TMHC)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
13 Feb 2025, 18:52:23 UTC
Prior SEC filing
13 Dec 2024
Next SEC filing
20 Feb 2025
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Darrell Sherman

Key filing fact

Darrell Sherman filed Form 4 for Taylor Morrison Home Corp (TMHC) on 13 Feb 2025.

Key facts

  • This page summarizes Darrell Sherman's Form 4 filing for Taylor Morrison Home Corp (TMHC).
  • 7 reported transactions and 3 derivative rows are listed below.
  • Accepted by SEC: 13 Feb 2025, 18:52.

Change

  • Previous filing in this sequence was filed on 13 Dec 2024.
  • Current net transaction value: -$296,664.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

TMHC transaction

Common Stock

Options Exercise

Transaction value
Shares
+3,668
Change %
+3.9%
Price
Shares after
97,885
Date
11 Feb 2025
Ownership
Direct
Footnotes
F1
TMHC transaction

Common Stock

Tax liability

Transaction value
$69,378
Shares
-1,112
Change %
-1.1%
Price
$62.39
Shares after
96,773
Date
11 Feb 2025
Ownership
Direct
Footnotes
F2
TMHC transaction

Common Stock

Award

Transaction value
$0
Shares
+13,205
Change %
+14%
Price
$0.000000
Shares after
109,978
Date
11 Feb 2025
Ownership
Direct
Footnotes
F3
TMHC transaction

Common Stock

Tax liability

Transaction value
$227,287
Shares
-3,643
Change %
-3.3%
Price
$62.39
Shares after
106,335
Date
11 Feb 2025
Ownership
Direct
Footnotes
F4

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

TMHC transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
Shares
-3,668
Change %
-100%
Price
Shares after
0
Date
11 Feb 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
3,668
Exercise price
Footnotes
F1, F5, F6
TMHC transaction Derivative

Performance-based restricted stock units

Award

Transaction value
Shares
+13,205
Change %
Price
Shares after
13,205
Date
11 Feb 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
13,205
Exercise price
Footnotes
F7
TMHC transaction Derivative

Performance-based restricted stock units

Options Exercise

Transaction value
Shares
-13,205
Change %
-100%
Price
Shares after
0
Date
11 Feb 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
13,205
Exercise price
Footnotes
F3, F7
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 7 footnotes

Footnote F1

Represents settlement of restricted stock units ("RSUs") through the issuance of one share of Common Stock for each vested RSU.

Footnote F2

Represents shares of Common Stock withheld by the Issuer to cover tax withholding obligations upon the vesting of RSUs.

Footnote F3

Represents the vesting and settlement of performance-based vesting restricted stock units ("PSUs") granted by the Issuer on February 11, 2022, under Issuer's 2013 Omnibus Equity Award Plan, as amended (the "Equity Plan"). Upon vesting, each PSU is settled in a share of the Issuer's Common Stock.

Footnote F4

Represents shares of Common Stock withheld by the Issuer to cover tax withholding obligations upon the vesting of PSUs.

Footnote F5

On February 11, 2022, the Reporting Person was granted 11,004 RSUs, generally vesting in three installments of approximately 33 1/3% on each of February 11, 2023, February 11, 2024 and February 11, 2025.

Footnote F6

The RSUs were granted to the Reporting Person pursuant to the Equity Plan.

Footnote F7

On February 11, 2022, the Reporting Person received a grant of PSUs representing 11,004 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 2024 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 2024 tranche were achieved at a level resulting in 13,205 PSUs being earned by the Reporting Person on February 11, 2025, subject to satisfaction of the vesting conditions for such grant.

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