Berkshire acquisition converts Taylor Morrison Home Corp (NYSE: TMHC) awards to cash
Rhea-AI Filing Summary
Taylor Morrison Home Corp CFO Curtis Vanhyfte reported multiple dispositions to the issuer on July 24, 2026 in connection with Berkshire Hathaway Inc.’s acquisition of the company for $72.50 per share in cash.
Vanhyfte’s common stock holdings of 28,778 shares were cancelled and converted into the right to receive the $72.50 cash merger consideration, leaving 0 shares of common stock held directly. Several tranches of restricted stock units became fully vested, were cancelled and converted into cash based on the $72.50 price; 50% of each RSU’s cash value is payable at or promptly after the Effective Time and the remaining 50% on January 31, 2027, generally subject to continued employment. Outstanding stock options across multiple grant prices were fully vested, cancelled and converted into cash equal to the in‑the‑money value per share, calculated as the $72.50 merger consideration minus the applicable exercise price, multiplied by the number of option shares.
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Insights
Analyzing...
Insider Trade Summary
Net Seller: 28,778 shares
Net Sell
11 txns
Insider
VANHYFTE CURTIS
Role
CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Restricted Stock Units F2, F1, F3 | 661 | $72.50 | $48K |
| Disposition | Restricted Stock Units F2, F1, F3 | 6,348 | $72.50 | $460K |
| Disposition | Restricted Stock Units F2, F1, F3 | 2,922 | $72.50 | $212K |
| Disposition | Restricted Stock Units F2, F1, F3 | 13,404 | $72.50 | $972K |
| Disposition | Restricted Stock Units F2, F1, F3 | 4,116 | $72.50 | $298K |
| Disposition | Stock Options F1, F4 | 2,282 | -- | -- |
| Disposition | Stock Options F1, F4 | 3,081 | -- | -- |
| Disposition | Stock Options F1, F4 | 8,656 | -- | -- |
| Disposition | Stock Options F1, F4 | 7,980 | -- | -- |
| Disposition | Stock Options F1, F4 | 11,969 | -- | -- |
| Disposition | Common Stock F1 | 28,778 | $72.50 | $2.09M |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Stock Options — 0 shares (Direct);
Common Stock — 0 shares (Direct)
Footnotes (4)
- F1. On July 24, 2026, Berkshire Hathaway Inc. ("BHI") acquired Taylor Morrison Home Corporation (the "Issuer") pursuant to an Agreement and Plan of Merger, dated as of May 31, 2026 (the "Merger Agreement"), by and among the Issuer, BHI and WXYZ Merger Sub, Inc., a wholly owned subsidiary of BHI ("Merger Sub"). In accordance with the Merger Agreement, Merger Sub merged with and into the Issuer (the "Merger") with the Issuer surviving the Merger as a wholly owned subsidiary of BHI. At the effective time of the Merger (the "Effective Time"), each issued and outstanding share of the Issuer's common stock, par value $0.00001 per share, (the "Common Stock") (other than certain excluded shares) automatically converted into the right to receive $72.50 per share in cash (the "Merger Consideration").
- F2. Represents restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of Common Stock.
- F3. Pursuant to the Merger Agreement, each outstanding RSU became immediately vested, was cancelled and converted into the right to receive an amount in cash equal to (x) the number of shares of Common Stock subject to such RSUs immediately prior to the Effective Time, multiplied by (y) the Merger Consideration. Fifty percent (50%) of such cash amount will be paid at or promptly after the Effective Time, and the remaining fifty percent (50%) will become payable on January 31, 2027, generally subject to the Reporting Person's continued employment through such date.
- F4. Pursuant to the Merger Agreement, options to purchase shares of Common Stock (the "Options") became fully vested (to the extent not previously vested) and cancelled and converted into the right to receive an amount of cash equal to (x) the number of shares of Common Stock subject to the Option as of immediately prior to the Effective Time, multiplied by (y) the excess, if any, of the Merger Consideration over the exercise price per share of Common Stock under such Option.
Key Figures
Merger Consideration: $72.50 per share
Common Shares Disposed: 28,778 shares
Common Shares Held After: 0 shares
+5 more
8 metrics
Merger Consideration
$72.50 per share
Cash consideration for each share of Taylor Morrison common stock in the Berkshire Hathaway acquisition
Common Shares Disposed
28,778 shares
Common stock cancelled and converted into the right to receive the $72.50 cash Merger Consideration
Common Shares Held After
0 shares
Directly held Taylor Morrison common stock by the CFO following the merger-related disposition
RSU Cash Payment Split
50% / 50%
RSU cash value paid half at or promptly after the Effective Time and half on January 31, 2027
RSU Tranche Example
13,404 RSUs at $72.50
One RSU grant cancelled and converted into cash equal to shares multiplied by the $72.50 Merger Consideration
Option Exercise Price Example
$34.75 per share
Exercise price for one cancelled stock option grant converted into cash based on in‑the‑money value
Merger Agreement Date
May 31, 2026
Date of the Agreement and Plan of Merger among Taylor Morrison, Berkshire Hathaway and Merger Sub
Deferred RSU Payment Date
January 31, 2027
Date the remaining 50% of RSU cash value becomes payable, generally subject to continued employment
Key Terms
Merger Consideration, Restricted Stock Units, Agreement and Plan of Merger, Effective Time
4 terms
Merger Consideration financial
"receive $72.50 per share in cash (the "Merger Consideration")"
Merger consideration is the total payment a company or buyer offers to shareholders of a target company in exchange for combining the two businesses, and can include cash, shares in the surviving company, debt assumption, or a mix of these. Investors care because the form and amount affect the deal’s value, tax consequences, immediate cash received versus future ownership, and the risk and upside of holding new shares — similar to choosing between cash now or stock that could grow later.
Restricted Stock Units financial
"Represents restricted stock units ("RSUs"). Each RSU represents a contingent right"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Agreement and Plan of Merger regulatory
"pursuant to an Agreement and Plan of Merger, dated as of May 31, 2026"
An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.
Effective Time regulatory
"At the effective time of the Merger (the "Effective Time"), each issued and outstanding share"
The exact clock time when a regulatory filing, approval, or corporate action formally becomes legally active; from that moment the change is binding and can be acted on. Investors care because the effective time marks when ownership, rights, trading rules, or new securities take effect — like a light switch turning on a contract or transaction — which determines when risks, benefits and market reactions begin.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did TMHC CFO Curtis Vanhyfte report on July 24, 2026?
Curtis Vanhyfte reported dispositions to the issuer of common stock, restricted stock units and stock options on July 24, 2026. These equity awards were cancelled and converted into rights to receive cash based on the $72.50 per-share merger consideration in Berkshire Hathaway’s acquisition.
What happened to TMHC restricted stock units held by Curtis Vanhyfte in the merger?
Each restricted stock unit became immediately vested, was cancelled and converted into cash equal to the number of underlying shares times $72.50. 50% of that cash is payable at or promptly after the Effective Time and 50% on January 31, 2027, generally requiring continued employment.
How were TMHC stock options held by the CFO treated in the Berkshire merger?
Each stock option became fully vested, was cancelled and converted into a right to receive cash equal to the number of option shares multiplied by the excess, if any, of the $72.50 Merger Consideration over the option’s exercise price per share.
Does the TMHC CFO still own Taylor Morrison common stock after the merger transactions?
After the merger-related disposition, Curtis Vanhyfte reported holding 0 shares of Taylor Morrison common stock directly. His previously held 28,778 shares were cancelled and converted into the right to receive the $72.50 per-share cash Merger Consideration from Berkshire Hathaway.
When will the remaining RSU cash amounts for TMHC’s CFO be paid under the merger terms?
For each RSU grant, 50% of the cash value is payable at or promptly after the Effective Time of the merger. The remaining 50% becomes payable on January 31, 2027, generally conditioned on the reporting person’s continued employment through that date.