Taylor Morrison CEO equity cashed out in Berkshire deal
Taylor Morrison Home Corp completed its merger with Berkshire Hathaway Inc., under which each common share converted into the right to receive $72.50 in cash.
Rhea-AI Filing Summary
Taylor Morrison Home Corp completed its merger with Berkshire Hathaway Inc., under which each common share converted into the right to receive $72.50 in cash. Chairman, President and CEO Sheryl Palmer’s directly and indirectly held equity was adjusted in line with these terms.
The report shows dispositions to the issuer of 267,944 directly held common shares at $72.50 per share, plus additional common shares held through family trusts. Multiple RSU and stock option awards were cancelled and converted into cash based on the $72.50 merger consideration, with RSU cash payouts split between closing and January 31, 2027.
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Insights
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Insider Trade Summary
Disposition: 1,257,403 shares
Disposition
14 txns
Insider
Palmer Sheryl
Role
Chairman, President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Restricted Stock Units F2, F1, F3 | 29,620 | $72.50 | $2.15M |
| Disposition | Restricted Stock Units F2, F1, F3 | 15,227 | $72.50 | $1.10M |
| Disposition | Restricted Stock Units F2, F1, F3 | 56,239 | $72.50 | $4.08M |
| Disposition | Restricted Stock Units F2, F1, F3 | 7,519 | $72.50 | $545K |
| Disposition | Stock Options F1, F4 | 140,122 | -- | -- |
| Disposition | Stock Options F1, F4 | 112,360 | -- | -- |
| Disposition | Stock Options F1, F4 | 151,307 | -- | -- |
| Disposition | Stock Options F1, F4 | 111,562 | -- | -- |
| Disposition | Stock Options F1, F4 | 40,392 | -- | -- |
| Disposition | Stock Options F1, F4 | 83,507 | -- | -- |
| Disposition | Stock Options F1, F4 | 41,592 | -- | -- |
| Disposition | Common Stock F1 | 267,944 | $72.50 | $19.43M |
| Disposition | Common Stock F1, F5 | 180,801 | $72.50 | $13.11M |
| Disposition | Common Stock F1, F6 | 19,211 | $72.50 | $1.39M |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Stock Options — 0 contracts (Direct);
Common Stock — 0 shares (Direct);
Common Stock — 0 shares (Indirect, By Trust)
Footnotes (6)
- 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.
- F5. Held by The Palmer Family Delaware Dynasty Trust, of which the Reporting Person is the Investment Adviser.
- F6. Held by Sheryl D. Palmer Trust, established October 4, 2019, of which the Reporting Person is a trustee and sole beneficiary.
Key Figures
Merger Consideration: $72.50 per share
Direct common shares disposed: 267944 shares at $72.50
Palmer Family Dynasty Trust shares: 180801 shares at $72.50
+5 more
8 metrics
Merger Consideration
$72.50 per share
Cash paid for each issued and outstanding Taylor Morrison common share at the effective time of the merger
Direct common shares disposed
267944 shares at $72.50
Directly held Taylor Morrison common stock converted into a cash right at the merger consideration
Palmer Family Dynasty Trust shares
180801 shares at $72.50
Common stock held by The Palmer Family Delaware Dynasty Trust treated under the merger terms
Sheryl D. Palmer Trust shares
19211 shares at $72.50
Common stock held by the Sheryl D. Palmer Trust subject to the $72.50 cash consideration
RSU cash payout split
50% / 50%
Half of RSU cash at or promptly after closing; remaining half payable on January 31, 2027, subject to continued employment
Options at $18.18 strike
140122 shares at $18.18
Stock options expiring 2029-02-19 cancelled and converted into cash based on $72.50 merger price
Options at $28.32 strike
151307 shares at $28.32
Stock options expiring 2031-02-16 cancelled and converted into cash based on $72.50 merger price
Options at $63.02 strike
40392 shares at $63.02
Stock options expiring 2035-02-18 cancelled and converted into cash based on $72.50 merger price
Key Terms
Restricted Stock Units, Merger Consideration, Agreement and Plan of Merger, Effective Time, +1 more
5 terms
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.
Merger Consideration financial
"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.
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"
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.
Dynasty Trust financial
"Held by The Palmer Family Delaware Dynasty Trust, of which the Reporting Person"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Taylor Morrison (TMHC) report for Sheryl Palmer on July 24, 2026?
Sheryl Palmer reported dispositions to the issuer of directly and indirectly held Taylor Morrison common stock, RSUs and stock options. These positions were cancelled or converted into rights to receive cash, reflecting the $72.50-per-share merger consideration in the Berkshire Hathaway acquisition.
What happened to Sheryl Palmer’s RSUs in the Taylor Morrison (TMHC)–Berkshire merger?
Each of Sheryl Palmer’s RSUs became fully vested, cancelled and converted into a cash right equal to RSUs multiplied by the $72.50 Merger Consideration. Half of this cash is payable at or shortly after closing, with the remainder payable on January 31, 2027, generally subject to continued employment.
How were Sheryl Palmer’s stock options treated in the Taylor Morrison (TMHC) merger?
Her stock options became fully vested, cancelled and converted into cash rights based on the number of underlying shares. The cash equals shares times the excess of $72.50 over the option’s exercise price, for options where the merger price exceeded the strike.
Which trust holdings are disclosed for Sheryl Palmer in the Taylor Morrison (TMHC) Form 4?
The filing shows common stock held by The Palmer Family Delaware Dynasty Trust, where she is Investment Adviser, and the Sheryl D. Palmer Trust, where she is trustee and sole beneficiary. Transactions in these trusts’ shares also reflect the $72.50 cash merger terms.
AI-generated analysis. How Rhea-AI works. Not financial advice.
