Taylor Morrison (TMHC) director defers fees into stock units vesting by 2028
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Taylor Morrison Home Corp director Christopher J. Yip received a grant of 331 deferred stock units, representing a right to receive an equal number of common shares in the future. These units were acquired under the company’s Non-Employee Director Deferred Compensation Plan, reflecting the deferral of director cash fees. Each unit converts into one share and will be settled in common stock on the earlier of September 1, 2028, his separation from the board, or a change in control. Following this grant, Yip holds 13,295 deferred stock units directly. This is a routine, compensation-related equity award rather than an open-market stock purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Yip Christopher J.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 331 | $0.00 | -- |
Holdings After Transaction:
Deferred Stock Units — 13,295 shares (Direct, null)
Footnotes (1)
- Each deferred stock unit represents a contingent right to receive one share of Common Stock. The deferred stock units will be settled in shares of Common Stock upon the earlier of (i) September 1, 2028, (ii) the reporting person's separation from service on the Company's board of directors, or (iii) a change in control. The deferred stock units were acquired by Mr. Yip pursuant to the terms of the Company's Non-Employee Director Deferred Compensation Plan, under which directors may elect to defer all or a portion of their cash retainer and committee fees.
Key Figures
Deferred stock units granted: 331 units
Deferred stock units after grant: 13,295 units
Unit-to-share ratio: 1 unit = 1 share
+2 more
5 metrics
Deferred stock units granted
331 units
Grant on 2026-06-30 as director fee deferral
Deferred stock units after grant
13,295 units
Total deferred stock units directly held by Yip
Unit-to-share ratio
1 unit = 1 share
Each deferred stock unit represents one common share
Latest settlement date
September 1, 2028
Latest date for settlement of deferred stock units
Exercise / conversion price
$0.00 per unit
Deferred stock units granted without cash exercise price
Key Terms
Deferred Stock Units, Non-Employee Director Deferred Compensation Plan, change in control
3 terms
Deferred Stock Units financial
"Each deferred stock unit represents a contingent right to receive one share of Common Stock."
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
Non-Employee Director Deferred Compensation Plan financial
"acquired by Mr. Yip pursuant to the terms of the Company's Non-Employee Director Deferred Compensation Plan"
change in control regulatory
"settled in shares of Common Stock upon the earlier of September 1, 2028, separation from service, or a change in control."
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
FAQ
What did Taylor Morrison (TMHC) director Christopher Yip report on this Form 4?
Christopher J. Yip reported receiving 331 deferred stock units tied to Taylor Morrison common stock. The award is part of his non-employee director compensation and reflects fees he chose to defer into equity rather than taking them entirely in cash.
How many Taylor Morrison (TMHC) deferred stock units does Christopher Yip hold after this grant?
After this transaction, Christopher J. Yip holds 13,295 deferred stock units. Each unit represents a contingent right to receive one share of Taylor Morrison common stock, giving him a significant equity-linked position as part of his director compensation package.
When will Christopher Yip’s Taylor Morrison deferred stock units be settled into common shares?
The deferred stock units will be settled in Taylor Morrison common shares on the earlier of September 1, 2028, his separation from the board, or a change in control. Settlement timing is therefore tied to either a fixed date or key governance events.
What does a deferred stock unit mean for Taylor Morrison (TMHC) directors?
A deferred stock unit gives a director a future right to receive one share of common stock. Instead of immediate cash, directors defer fees into these units, aligning their compensation more closely with long-term shareholder value through eventual stock settlement.
How did Christopher Yip acquire the 331 Taylor Morrison deferred stock units?
The 331 deferred stock units were acquired under Taylor Morrison’s Non-Employee Director Deferred Compensation Plan. Under this plan, directors may elect to defer all or part of their cash retainers and committee fees into equity-based deferred stock units.