Taylor Morrison (TMHC) CEO settles RSUs, withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Taylor Morrison Home Corp Chairman, President and CEO Sheryl Palmer settled previously granted restricted stock units into common shares and covered related taxes in stock. She converted 23,022 RSUs into 23,022 shares of common stock, then 9,632 shares were withheld at a price of $67.91 per share to satisfy tax obligations. After these transactions on February 21, 2026, she held 394,687 shares directly and 19,211 shares indirectly through the Sheryl D. Palmer Trust, where she is trustee and sole beneficiary.
Positive
- None.
Negative
- None.
Insider Trade Summary
23,022 shares exercised/converted
Mixed
4 txns
Insider
Palmer Sheryl
Role
Chairman, President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 23,022 | $0.00 | -- |
| Exercise | Common Stock | 23,022 | $0.00 | -- |
| Tax Withholding | Common Stock | 9,632 | $67.91 | $654K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 404,319 shares (Direct);
Common Stock — 19,211 shares (Indirect, By Trust)
Footnotes (1)
- Represents settlement of restricted stock units ("RSUs") through the issuance of one share of Common Stock for each vested RSU. Represents shares of Common Stock withheld by the Issuer to cover tax withholding obligations upon the vesting of RSUs. Held by Sheryl D. Palmer Trust, established October 4, 2019, of which the Reporting Person is a trustee and sole beneficiary. On February 21, 2023, the Reporting Person was granted 69,065 RSUs, generally vesting in three installments of approximately 33 1/3% on each of February 21, 2024, February 21, 2025 and February 21, 2026. The RSUs were granted to the Reporting Person pursuant to the Taylor Morrison 2013 Omnibus Equity Award Plan, as amended.
FAQ
What did TMHC CEO Sheryl Palmer report in this Form 4 filing?
Sheryl Palmer reported settlement of restricted stock units into common shares and share withholding for taxes. She converted 23,022 RSUs into stock and had 9,632 shares withheld at $67.91 per share to cover tax obligations.
How many Taylor Morrison (TMHC) RSUs did Sheryl Palmer settle?
She settled 23,022 restricted stock units, receiving one share of common stock for each vested RSU. These RSUs were part of a 69,065-unit grant awarded on February 21, 2023, vesting in three approximately equal annual installments.
How were Sheryl Palmer’s TMHC RSUs originally granted and structured?
On February 21, 2023, she was granted 69,065 RSUs under the Taylor Morrison 2013 Omnibus Equity Award Plan. These units generally vest in three installments of approximately one-third each on February 21, 2024, February 21, 2025, and February 21, 2026.