Taylor Morrison CAO nets shares from equity awards
Taylor Morrison Home Corp Chief Accounting Officer Joseph Terracciano reported several equity award transactions on February 23, 2026.
Rhea-AI Filing Summary
Taylor Morrison Home Corp Chief Accounting Officer Joseph Terracciano reported several equity award transactions on February 23, 2026. He acquired 942 restricted stock units and 982 performance-based restricted stock units, each generally representing the right to receive one share of common stock upon vesting.
Previously granted RSUs and PSUs vested and were settled into 206 and 982 shares of common stock, respectively. To cover tax withholding on these vestings, 67 and 317 common shares were withheld by the company. After these transactions, Terracciano directly owned 1,152 shares of Taylor Morrison common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 206 | $0.00 | $0.00 |
| Grant/Award | Performance-based restricted stock units | 982 | $0.00 | $0.00 |
| Exercise | Performance-based restricted stock units | 982 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 942 | $0.00 | $0.00 |
| Exercise | Common Stock | 206 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 67 | $66.68 | $4K |
| Grant/Award | Common Stock | 982 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 317 | $66.68 | $21K |
Footnotes (9)
- F1. Represents settlement of restricted stock units ("RSUs") through the issuance of one share of Common Stock for each vested RSU.
- F2. Represents shares of Common Stock withheld by the Issuer to cover tax withholding obligations upon the vesting of RSUs.
- F3. Represents the vesting and settlement of performance-based vesting restricted stock units ("PSUs") granted by the Issuer on February 21, 2023 under Issuer's 2013 Omnibus Equity Award Plan, as amended. Upon vesting, each PSU is settled in a share of the Issuer's Common Stock.
- F4. Represents shares of Common Stock withheld by the Issuer to cover tax withholding obligations upon the vesting of PSUs.
- F5. On February 23, 2024, the Reporting Person was granted 617 RSUs, generally vesting in three installments of approximately 33 1/3% on each of February 23, 2025, February 23, 2026 and February 23, 2027.
- F6. The RSUs were granted to the Reporting Person pursuant to the Taylor Morrison 2013 Omnibus Equity Award Plan, as amended.
- F7. On February 21, 2023 the Reporting Person received a grant of PSUs representing 968 shares of the Issuer's Common Stock (at target), half of which vest based on the Issuer's return on net assets ("RONA") and a relative total shareholder return ("TSR") modifier, and half of which vest based on the Company's revenue and a relative TSR modifier. The PSUs cliff vest at the end of a three year performance cycle, generally subject to the Reporting Person's continued employment through the date the compensation committee determines and certifies the applicable level of performance achieved for the fiscal 2025 tranche. The compensation committee determined that the objectives for the fiscal 2025 tranche were achieved at a level resulting in 982 PSUs being earned by the Reporting Person on February 23, 2026, subject to satisfaction of the vesting conditions for such grant.
- F8. Each RSU represents a contingent right to receive one share of Common Stock
- F9. Subject to certain conditions, the RSUs will generally vest in three installments of approximately 33 1/3% on each of February 23, 2027, February 23, 2028 and February 13, 2029.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did TMHC Chief Accounting Officer report?
Did the TMHC insider make any open-market stock purchases or sales?
What equity awards did the TMHC insider receive on February 23, 2026?
AI-generated analysis. How Rhea-AI works. Not financial advice.