Taylor Morrison (NYSE: TMHC) EVP settles 962 RSUs; 259 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Taylor Morrison Home Corp executive Merrill Stevin Todd, EVP, CLO & Secretary, settled restricted stock units into common shares as part of equity compensation. On June 18, 2026, 962 RSUs converted into 962 shares of common stock, and 259 shares were withheld to cover tax obligations.
After these non‑market transactions, Todd directly held 4,058 shares of common stock and 1,924 RSUs that remain outstanding under the company’s equity award plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
962 shares exercised/converted
Mixed
3 txns
Insider
Merrill Stevin Todd
Role
EVP, CLO & Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 962 | $0.00 | -- |
| Exercise | Common Stock | 962 | $0.00 | -- |
| Tax Withholding | Common Stock | 259 | $71.58 | $19K |
Holdings After Transaction:
Restricted Stock Units — 1,924 shares (Direct, null);
Common Stock — 4,317 shares (Direct, null)
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. On June 18, 2025, the Reporting Person was granted 2,886 RSUs, generally vesting in three installments of approximately 33 1/3% on each of on each of June 18, 2026, June 18, 2027 and June 18, 2028. The RSUs were granted to the Reporting Person pursuant to the Taylor Morrison 2013 Omnibus Equity Award Plan, as amended.
Key Figures
RSUs converted: 962 units
Shares withheld for taxes: 259 shares
Shares held after transaction: 4,058 shares
+2 more
5 metrics
RSUs converted
962 units
Restricted stock units settled into common stock on June 18, 2026
Shares withheld for taxes
259 shares
Common stock withheld to cover tax obligations at RSU vesting
Shares held after transaction
4,058 shares
Direct common stock holdings following June 18, 2026 activity
RSUs remaining
1,924 units
Restricted stock units outstanding after settlement on June 18, 2026
RSU grant referenced
2,886 units
RSUs granted June 18, 2025, vesting in three annual installments
Key Terms
Restricted Stock Units, tax withholding obligations, derivative security, equity award plan
4 terms
Restricted Stock Units financial
"security_title": "Restricted Stock Units""
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.
tax withholding obligations financial
"shares of Common Stock withheld by the Issuer to cover tax withholding obligations"
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
equity award plan financial
"granted to the Reporting Person pursuant to the Taylor Morrison 2013 Omnibus Equity Award Plan"
FAQ
What did Taylor Morrison (TMHC) EVP Merrill Stevin Todd report in this Form 4?
Merrill Stevin Todd reported routine equity compensation activity, including the vesting and settlement of 962 restricted stock units into common shares and related tax withholding, rather than any open-market purchase or sale of Taylor Morrison stock.
How many Taylor Morrison (TMHC) RSUs did Merrill Stevin Todd vest and convert?
Todd vested and converted 962 restricted stock units into 962 shares of Taylor Morrison common stock. This reflects equity compensation granted earlier, now settling into actual shares according to the vesting schedule under the company’s 2013 Omnibus Equity Award Plan.
What are Merrill Stevin Todd’s Taylor Morrison (TMHC) holdings after these transactions?
Following the June 18, 2026 transactions, Todd directly held 4,058 shares of Taylor Morrison common stock. He also retained 1,924 restricted stock units outstanding, which may vest in future periods under the existing equity award schedule.
Were these Taylor Morrison (TMHC) Form 4 transactions open-market trades?
No, the reported transactions were not open-market trades. They involved RSU settlement into common stock and issuer share withholding for taxes, both typical administrative steps in equity compensation rather than discretionary stock purchases or sales.