Joseph Terracciano - Feb 11, 2025 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 11, 2025
Transactions value $
-$34,626
Form type
4
Date filed
2/13/2025, 06:56 PM
Previous filing
Mar 4, 2024
Next filing
Feb 20, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TMHC Common Stock Options Exercise +375 375 Feb 11, 2025 Direct F1
transaction TMHC Common Stock Tax liability -$7.55K -121 -32.27% $62.39 254 Feb 11, 2025 Direct F2
transaction TMHC Common Stock Award $0 +1.35K +530.71% $0.00 1.6K Feb 11, 2025 Direct F3
transaction TMHC Common Stock Tax liability -$27.1K -434 -27.09% $62.39 1.17K Feb 11, 2025 Direct 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 Restricted Stock Units Options Exercise -375 -100% 0 Feb 11, 2025 Common Stock 375 Direct F1, F5, F6
transaction TMHC Performance-based restricted stock units Award +1.35K 1.35K Feb 11, 2025 Common Stock 1.35K Direct F7
transaction TMHC Performance-based restricted stock units Options Exercise -1.35K -100% 0 Feb 11, 2025 Common Stock 1.35K Direct F3, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents settlement of restricted stock units ("RSUs") through the issuance of one share of Common Stock for each vested RSU.
F2 Represents shares of Common Stock withheld by the Issuer to cover tax withholding obligations upon the vesting of RSUs.
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.
F4 Represents shares of Common Stock withheld by the Issuer to cover tax withholding obligations upon the vesting of PSUs.
F5 On February 11, 2022, the Reporting Person was granted 1,123 RSUs, generally vesting in three installments of approximately 33 1/3% on each of February 11, 2023, February 11, 2024 and February 11, 2025.
F6 The RSUs were granted to the Reporting Person pursuant to the Equity Plan.
F7 On February 11, 2022, the Reporting Person received a grant of PSUs representing 1,123 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 1,348 PSUs being earned by the Reporting Person on February 11, 2025, subject to satisfaction of the vesting conditions for such grant.