TMHC officer exercises RSUs, withholds shares for tax
Taylor Morrison Home Corp Chief Accounting Officer Joseph Terracciano reported equity award activity involving restricted stock units (RSUs) and common shares.
Rhea-AI Filing Summary
Taylor Morrison Home Corp Chief Accounting Officer Joseph Terracciano reported equity award activity involving restricted stock units (RSUs) and common shares. On February 21, he exercised or converted 323 RSUs into 323 shares of common stock at a stated price of $0.00 per share, reflecting settlement of vested RSUs.
On the same date, 104 common shares were disposed of in a tax-withholding transaction at $67.91 per share, representing shares withheld by the company to satisfy tax obligations upon vesting. After these transactions, Terracciano directly owned 348 common shares. The RSUs originated from a grant of 968 RSUs awarded on February 21, 2023, vesting in three approximately equal annual installments through February 21, 2026 under the Taylor Morrison 2013 Omnibus Equity Award Plan.
Positive
- None.
Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 323 | $0.00 | $0.00 |
| Exercise | Common Stock | 323 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 104 | $67.91 | $7K |
Footnotes (4)
- 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. On February 21, 2023, the Reporting Person was granted 968 RSUs, generally vesting in three installments of approximately 33 1/3% on each of February 21, 2024, February 21, 2025 and February 21, 2026.
- F4. The RSUs were granted to the Reporting Person pursuant to the Taylor Morrison 2013 Omnibus Equity Award Plan, as amended.
FAQ
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What insider transactions did TMHC officer Joseph Terracciano report?
What RSU grant underlies the 2026 Taylor Morrison (TMHC) Form 4?
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