TMHC CFO reports RSU and PSU vesting, new grant
Taylor Morrison Home Corp CFO Curtis Vanhyfte reported multiple equity compensation events involving restricted stock units (RSUs), performance-based RSUs (PSUs), and common stock.
Rhea-AI Filing Summary
Taylor Morrison Home Corp CFO Curtis Vanhyfte reported multiple equity compensation events involving restricted stock units (RSUs), performance-based RSUs (PSUs), and common stock. On February 23, 2026, 2,921 RSUs and 10,048 PSUs were settled into an equal number of common shares as prior awards vested based on performance and service conditions.
The CFO also earned 2,014 additional PSUs from a separate 2023 performance grant and received a new grant of 13,404 RSUs, each representing a contingent right to one common share. To cover tax withholding on these vestings, the issuer withheld 1,223, 2,942 and 844 common shares at a price of $66.68 per share.
Positive
- None.
Negative
- None.
Insider Trade Summary
14,983 shares exercised/converted
Exercise
12 txns
Insider
VANHYFTE CURTIS
Role
CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,921 | $0.00 | $0.00 |
| Grant/Award | Performance-based restricted stock units | 10,048 | $0.00 | $0.00 |
| Exercise | Performance-based restricted stock units | 10,048 | $0.00 | $0.00 |
| Grant/Award | Performance-based restricted stock units | 2,014 | $0.00 | $0.00 |
| Exercise | Performance-based restricted stock units | 2,014 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 13,404 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,921 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,223 | $66.68 | $82K |
| Grant/Award | Common Stock | 10,048 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 2,942 | $66.68 | $196K |
| Grant/Award | Common Stock | 2,014 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 844 | $66.68 | $56K |
Holdings After Transaction:
Restricted Stock Units — 16,326 contracts (Direct);
Performance-based restricted stock units — 0 contracts (Direct);
Common Stock — 26,386 shares (Direct)
Footnotes (11)
- 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 21, 2023 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.
- F4. Represents shares of Common Stock withheld by the Issuer to cover tax withholding obligations upon the vesting of PSUs.
- F5. Represents the vesting and settlement of performance-based vesting restricted stock units ("PSUs") granted by the Issuer on July 31, 2023 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.
- F6. On February 23, 2024, the Reporting Person was granted 8,764 RSUs, generally vesting in three installments of approximately 33 1/3% on each of February 23, 2025, February 23, 2026 and February 23, 2027.
- F7. The RSUs were granted to the Reporting Person pursuant to the Taylor Morrison 2013 Omnibus Equity Award Plan, as amended.
- F8. On February 21, 2023 the Reporting Person received a grant of PSUs representing 9,900 shares of the Issuer's Common Stock (at target), half of which vest based on the Issuer's return on net assets ("RONA") and a relative total shareholder return ("TSR") modifier, and half of which vest based on the Company's revenue and a relative TSR modifier. 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 2025 tranche. The compensation committee determined that the objectives for the fiscal 2025 tranche were achieved at a level resulting in 10,048 PSUs being earned by the Reporting Person on February 23, 2026, subject to satisfaction of the vesting conditions for such grant.
- F9. On July 31, 2023 the Reporting Person received a grant of PSUs representing 1,984 shares of the Issuer's Common Stock (at target), half of which vest based on the Issuer's RONA and a relative TSR modifier, and half of which vest based on the Company's revenue and a relative TSR modifier. 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 2025 tranche. The compensation committee determined that the objectives for the fiscal 2025 tranche were achieved at a level resulting in 2,014 PSUs being earned by the Reporting Person on February 23, 2026, subject to satisfaction of the vesting conditions for such grant.
- F10. Each RSU represents a contingent right to receive one share of Common Stock.
- F11. Subject to certain conditions, the RSUs will generally vest in three installments of approximately 33 1/3% on each of February 23, 2027, February 23, 2028 and February 13, 2029.
FAQ
What did TMHC CFO Curtis Vanhyfte report in this Form 4 filing?
The filing shows the CFO received and settled equity awards, mainly RSUs and PSUs, into common stock. Several prior grants vested based on performance, and a new RSU grant was issued as part of Taylor Morrison’s 2013 Omnibus Equity Award Plan.
How many Taylor Morrison (TMHC) PSUs vested for the CFO in this report?
The CFO had 10,048 performance-based RSUs from a 2023 grant and 2,014 PSUs from a separate 2023 grant vest and settle into common shares. These awards reflected compensation committee determinations that fiscal 2025 performance objectives were achieved at those earned levels.
What new RSU grant did the TMHC CFO receive according to this Form 4?
The CFO received a new grant of 13,404 restricted stock units, each convertible into one share of common stock. These RSUs generally vest in three installments of about one-third each on specified future February dates, subject to certain conditions and continued service.
How are Taylor Morrison PSUs structured for the CFO’s awards?
The PSUs were granted at target share amounts and vest based on return on net assets, revenue metrics, and a relative total shareholder return modifier. They cliff vest after a three-year performance cycle, generally contingent on continued employment and compensation committee certification of performance.
What plan governs the equity awards reported for TMHC CFO Curtis Vanhyfte?
The RSUs and PSUs were granted under the Taylor Morrison 2013 Omnibus Equity Award Plan, as amended. This plan allows the company to grant equity-based compensation that vests over time or based on performance, aligning executive incentives with long-term shareholder outcomes.
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