TMHC (TMHC) EVP logs RSU conversion and tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Taylor Morrison Home Corp executive Merrill Stevin Todd reported equity award activity involving restricted stock units and common shares. On the reported date, 887 restricted stock units were converted into 887 shares of common stock at a stated price of $0.00 per share, reflecting routine settlement of vested RSUs. Following this, 286 shares of common stock, valued at $67.91 per share, were withheld by the company to satisfy tax withholding obligations related to the RSU vesting. After these transactions, Todd held 974 shares of Taylor Morrison common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
887 shares exercised/converted
Mixed
3 txns
Insider
Merrill Stevin Todd
Role
EVP, CLO & Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 887 | $0.00 | -- |
| Exercise | Common Stock | 887 | $0.00 | -- |
| Tax Withholding | Common Stock | 286 | $67.91 | $19K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 1,260 shares (Direct)
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 February 21, 2023, the Reporting Person was granted 2,659 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 insider transactions did TMHC executive Merrill Stevin Todd report?
Merrill Stevin Todd reported RSU-related transactions, including conversion of 887 restricted stock units into 887 common shares and withholding of 286 shares to cover tax obligations, as part of an equity award vesting event.
Were the TMHC Form 4 transactions open-market buys or sales?
The transactions were not open-market trades. They reflect settlement of 887 vested RSUs into common stock and the withholding of 286 shares by Taylor Morrison to satisfy tax liabilities tied to that vesting event.
What equity plan governed the RSUs in Merrill Stevin Todd’s TMHC filing?
The restricted stock units were granted under the Taylor Morrison 2013 Omnibus Equity Award Plan, as amended, which provides equity-based compensation such as RSUs that typically vest over time in scheduled installments.
How did the RSUs in the TMHC Form 4 vest over time?
The RSUs were part of a 2,659-unit grant awarded on February 21, 2023, generally vesting in three installments of about one-third each on February 21, 2024, February 21, 2025, and February 21, 2026.