Berkshire buyout pays Taylor Morrison (NYSE: TMHC) director $72.50 a share
Rhea-AI Filing Summary
Taylor Morrison Home Corp director Heather C Ostis reported transactions tied to Berkshire Hathaway’s acquisition of the company. On July 24, 2026, 3,096 common shares and 3,287 restricted stock units, each valued at $72.50 per share, were disposed to the issuer or cancelled and converted into cash under the merger terms, leaving her with no remaining Taylor Morrison equity.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 3,096 shares
Net Sell
2 txns
Insider
Ostis Heather C
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Restricted Stock Units F2, F1, F3 | 3,287 | $72.50 | $238K |
| Disposition | Common Stock F1 | 3,096 | $72.50 | $224K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 0 shares (Direct)
Footnotes (3)
- 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 RSU as of immediately prior to the Effective Time, multiplied by (y) the Merger Consideration.
Key Figures
RSUs disposed: 3,287 units
Common shares converted: 3,096 shares
Merger consideration per share: $72.50 per share
+1 more
4 metrics
RSUs disposed
3,287 units
Restricted Stock Units converted to cash on July 24, 2026 in connection with the merger
Common shares converted
3,096 shares
Common Stock disposed to issuer for cash on July 24, 2026 under merger terms
Merger consideration per share
$72.50 per share
Cash paid for each share of Common Stock and for each share underlying RSUs at the Effective Time
Holdings after transaction
0 shares, 0 RSUs
Reporting person’s direct Taylor Morrison equity holdings following the merger-related dispositions
Key Terms
Agreement and Plan of Merger, Merger Consideration, Restricted Stock Units, Effective Time
4 terms
Agreement and Plan of Merger regulatory
"acquired Taylor Morrison Home Corporation 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.
Merger Consideration financial
"converted into the right to 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.
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 did Taylor Morrison (TMHC) director Heather C Ostis report in this Form 4?
Heather C Ostis reported that, in connection with Berkshire Hathaway’s acquisition of Taylor Morrison, her 3,096 common shares and 3,287 restricted stock units were disposed of or cancelled and converted into cash at $72.50 per share, leaving her with no remaining Taylor Morrison equity holdings.
What happened to Heather C Ostis’s Taylor Morrison restricted stock units after the Berkshire merger?
Each of Heather C Ostis’s 3,287 restricted stock units became immediately vested, was cancelled, and converted into a right to receive cash. The cash amount equalled the number of shares underlying the RSUs multiplied by the $72.50 merger consideration per share, eliminating her RSU position.
Does Heather C Ostis still own Taylor Morrison (TMHC) equity after the Berkshire Hathaway transaction?
According to the reported transactions, Heather C Ostis now holds 0 common shares and 0 restricted stock units of Taylor Morrison. Her equity interests were fully disposed of or cancelled and converted into cash at $72.50 per share in connection with Berkshire Hathaway’s acquisition.