Taylor Morrison director’s shares cashed out in merger
Christopher J. Yip, a director of Taylor Morrison Home Corp, reported disposing of all his equity positions in connection with Berkshire Hathaway’s acquisition.
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Form Type
4
Rhea-AI Filing Summary
Christopher J. Yip, a director of Taylor Morrison Home Corp, reported disposing of all his equity positions in connection with Berkshire Hathaway’s acquisition. On July 24, 2026, 10,930 common shares and 13,295 deferred stock units were canceled or delivered to the issuer for $72.50 per share cash merger consideration, leaving 0 reported holdings.
Insider Trade Summary
Disposition: 24,225 shares
Disposition
2 txns
Insider
Yip Christopher J.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Deferred Stock Units F2, F1 | 13,295 | $72.50 | $964K |
| Disposition | Common Stock F1 | 10,930 | $72.50 | $792K |
Holdings After Transaction:
Deferred Stock Units — 0 contracts (Direct);
Common Stock — 0 shares (Direct)
Footnotes (2)
- 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 deferred stock units ("DSUs"). Each DSU represents a contingent right to receive one share of Common Stock. Pursuant to the Merger Agreement, each outstanding DSU became immediately vested, was cancelled and converted into the right to receive an amount in cash equal to (x) the number of shares subject to such DSU as of immediately prior to the Effective Time, multiplied by (y) the Merger Consideration.
Key Figures
Common shares disposed: 10,930 shares
Deferred stock units canceled: 13,295 units
Merger consideration price: $72.50 per share
+3 more
6 metrics
Common shares disposed
10,930 shares
Disposition to issuer on July 24, 2026 at $72.50 per share in cash merger
Deferred stock units canceled
13,295 units
DSUs became vested, canceled, and paid in cash at $72.50 per underlying share
Merger consideration price
$72.50 per share
Cash paid for each issued and outstanding Taylor Morrison common share at Effective Time
Holdings after transaction
0 shares / units
Total reported Taylor Morrison common stock and DSUs held by Christopher Yip after merger
Derivative transactions reported
1 derivative entry
Single DSU cancellation transaction classified as derivative-type disposition
Non-derivative transactions reported
1 non-derivative entry
Single common stock disposition to issuer at merger closing
Key Terms
Deferred Stock Units, Merger Consideration, Agreement and Plan of Merger, Effective Time
4 terms
Deferred Stock Units financial
"Represents deferred stock units ("DSUs"). Each DSU represents a contingent right"
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.
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.
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Christopher J. Yip report for TMHC?
He reported disposing of 10,930 common shares and 13,295 deferred stock units in connection with Taylor Morrison’s acquisition by Berkshire Hathaway. All positions were canceled or delivered to the issuer at $72.50 per share cash merger consideration, leaving him with zero reported Taylor Morrison holdings.
How were Christopher Yip’s deferred stock units in TMHC treated in the Berkshire merger?
Each deferred stock unit represented a contingent right to receive one Taylor Morrison common share. At the merger’s effective time, all 13,295 units became vested, were canceled, and converted into a cash payment equal to the unit count multiplied by the $72.50 per share Merger Consideration.
Did Christopher Yip retain any Taylor Morrison (TMHC) holdings after the Berkshire acquisition?
No. After the transactions reported, his total reported holdings of Taylor Morrison common stock and related deferred stock units were 0. Both the 10,930 common shares and 13,295 deferred stock units were disposed of or canceled in exchange for cash merger consideration.
Was Christopher Yip’s TMHC Form 4 filed under a Rule 10b5-1 trading plan?
The Form 4 indicates that the Rule 10b5-1 trading plan checkbox is not selected, and no footnote describes a pre-arranged trading plan. The reported dispositions instead arise from the closing of the Berkshire Hathaway merger and the automatic treatment of shares and deferred units.
What corporate event triggered the insider transactions reported for TMHC?
Berkshire Hathaway Inc. acquired Taylor Morrison Home Corporation through a merger with a wholly owned subsidiary. At the merger’s Effective Time, each outstanding common share converted into the right to receive $72.50 in cash, triggering the cancellations and dispositions reported for director Christopher Yip.
AI-generated analysis. How Rhea-AI works. Not financial advice.
