Louis Steffens - 31 Mar 2023 Form 4 Insider Report for Taylor Morrison Home Corp (TMHC)

Role
EVP & Chief Financial Officer
Signature
/s/ Darrell Sherman, as Attorney-in-Fact
Issuer symbol
TMHC
Transactions as of
31 Mar 2023
Transactions value $
$-317,195
Form type
4
Filing time
03 Apr 2023, 18:46:51 UTC
Previous filing
27 Mar 2023
Next filing
04 Apr 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TMHC Common Stock Options Exercise $146,616 +6,150 +9.35% $23.84 71,922 31 Mar 2023 Direct
transaction TMHC Common Stock Sale $-232,839 -6,150 -8.55% $37.86 65,772 31 Mar 2023 Direct F1, F2
transaction TMHC Common Stock Options Exercise $164,984 +9,075 +13.8% $18.18 74,847 31 Mar 2023 Direct
transaction TMHC Common Stock Sale $-343,580 -9,075 -12.1% $37.86 65,772 31 Mar 2023 Direct F1, F3
transaction TMHC Common Stock Options Exercise $118,864 +4,523 +6.88% $26.28 70,295 31 Mar 2023 Direct
transaction TMHC Common Stock Sale $-171,241 -4,523 -6.43% $37.86 65,772 31 Mar 2023 Direct F1, F4

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 -6,150 -38.3% $0.000000 9,899 31 Mar 2023 Common Stock 6,150 $23.84 Direct F5
transaction TMHC Employee Stock Option (Right to Buy) Options Exercise $0 -9,075 -39.4% $0.000000 13,963 31 Mar 2023 Common Stock 9,075 $18.18 Direct F6
transaction TMHC Employee Stock Option (Right to Buy) Options Exercise $0 -4,523 -17% $0.000000 22,121 31 Mar 2023 Common Stock 4,523 $26.28 Direct F7
* 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 February 21, 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 $37.47 to $38.28, inclusive. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission (the "SEC"), 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 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $37.47 to $38.28, inclusive. The reporting person undertakes to provide to the staff of the SEC, to any security holder of TMHC, or to TMHC, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
F4 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $37.47 to $38.27, inclusive. The reporting person undertakes to provide to the staff of the SEC, to any security holder of TMHC, or to TMHC, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
F5 On February 12, 2018, the reporting person was granted 39,593 options vesting in four equal installments on each of February 12, 2019, February 12, 2020, February 12, 2021 and February 12, 2022.
F6 On February 19, 2019, the reporting person was granted 55,851 options vesting in four equal installments on each of February 19, 2020, February 19, 2021, February 19, 2022 and February 19, 2023.
F7 On February 10, 2020, the reporting person was granted 29,494 options vesting in four equal installments on each of February 10, 2021, February 10, 2022, February 10, 2023 and February 10, 2024.