Taylor Morrison EVP awards converted in Berkshire deal
Merrill Stevin Todd, EVP, CLO & Secretary of Taylor Morrison Home Corp, reported dispositions on July 24, 2026 tied to Berkshire Hathaway Inc.’s acquisition of the company.
Rhea-AI Filing Summary
Merrill Stevin Todd, EVP, CLO & Secretary of Taylor Morrison Home Corp, reported dispositions on July 24, 2026 tied to Berkshire Hathaway Inc.’s acquisition of the company. At the Effective Time, each common share converted into $72.50 in cash, including 4,058 shares he held, leaving no directly held common stock reported. His restricted stock units and stock options became fully vested, were cancelled and converted into cash rights based on the $72.50 Merger Consideration, with 50% of RSU value payable at or promptly after the Effective Time and the remaining 50% on January 31, 2027, generally subject to his continued employment.
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Insights
Analyzing...
Insider Trade Summary
Disposition: 41,566 shares
Disposition
14 txns
Insider
Merrill Stevin Todd
Role
EVP, CLO & Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Restricted Stock Units F2, F1, F3 | 1,104 | $72.50 | $80K |
| Disposition | Restricted Stock Units F2, F1, F3 | 573 | $72.50 | $42K |
| Disposition | Restricted Stock Units F2, F1, F3 | 5,061 | $72.50 | $367K |
| Disposition | Restricted Stock Units F2, F1, F3 | 1,924 | $72.50 | $139K |
| Disposition | Stock Options F1, F4 | 1,756 | -- | -- |
| Disposition | Stock Options F1, F4 | 4,149 | -- | -- |
| Disposition | Stock Options F1, F4 | 4,056 | -- | -- |
| Disposition | Stock Options F1, F4 | 5,613 | -- | -- |
| Disposition | Stock Options F1, F4 | 4,346 | -- | -- |
| Disposition | Stock Options F1, F4 | 1,505 | -- | -- |
| Disposition | Stock Options F1, F4 | 1,564 | -- | -- |
| Disposition | Stock Options F1, F4 | 3,215 | -- | -- |
| Disposition | Stock Options F1, F4 | 2,642 | -- | -- |
| Disposition | Common Stock F1 | 4,058 | $72.50 | $294K |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Stock Options — 0 contracts (Direct);
Common Stock — 0 shares (Direct)
Footnotes (4)
- 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.
Key Figures
Merger Consideration: $72.50 per share
Common shares converted: 4,058 shares
RSU block canceled: 5,061 RSUs
+2 more
5 metrics
Merger Consideration
$72.50 per share
Cash paid for each share of Taylor Morrison common stock at the Effective Time in the Berkshire acquisition
Common shares converted
4,058 shares
TMHC common shares held by Merrill Stevin Todd that converted into the right to receive $72.50 per share in cash
RSU block canceled
5,061 RSUs
Largest reported tranche of restricted stock units canceled and converted into cash under the Merger Agreement
Option grant canceled
5,613 options
Stock options with a $28.3200 exercise price canceled and converted into a cash right equal to intrinsic value
Deferred RSU payment date
January 31, 2027
Date when the remaining 50% of RSU-related cash becomes payable, generally subject to continued employment
Key Terms
Agreement and Plan of Merger, Merger Consideration, Restricted stock units, Effective Time, +1 more
5 terms
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.
Merger Consideration financial
"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"
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.
wholly owned subsidiary regulatory
"with the Issuer surviving the Merger as a wholly owned subsidiary of BHI"
A wholly owned subsidiary is a company whose entire ownership is held by another company (the parent), so the parent controls decisions, operations, and finances. Think of it as a fully controlled branch that runs as its own legal entity but whose results flow straight into the parent’s financial statements; investors watch these structures because they affect consolidated revenue, risk exposure, and how profits, liabilities, and cash flow are allocated across the corporate group.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did TMHC executive Merrill Stevin Todd report on July 24, 2026?
He reported dispositions of TMHC common stock, restricted stock units and stock options in connection with Berkshire Hathaway’s acquisition, including 4,058 common shares converted into the right to receive $72.50 per share in cash at the merger’s Effective Time.
How were Merrill Stevin Todd’s TMHC restricted stock units treated in the Berkshire merger?
Each restricted stock unit vested, was cancelled and converted into a cash right equal to the underlying share count times $72.50. Half of this cash is payable at or promptly after the Effective Time and half on January 31, 2027, subject to continued employment.
What happened to Merrill Stevin Todd’s TMHC stock options in the transaction?
His stock options became fully vested, were cancelled and converted into a cash right equal to the number of option shares multiplied by the excess, if any, of the $72.50 Merger Consideration over each option’s exercise price per share.
AI-generated analysis. How Rhea-AI works. Not financial advice.
