Taylor Morrison (TMHC) director Yip receives 408 deferred stock units
Rhea-AI Filing Summary
Yip Christopher J. reported acquisition or exercise transactions in this Form 4 filing.
Taylor Morrison Home Corp director Christopher J. Yip received 408 deferred stock units as a compensation-related award. Each deferred stock unit represents a contingent right to receive one share of common stock. The units will be settled in common shares upon the earlier of September 1, 2028, his separation from the board, or a change in control.
The award was made under the company’s Non-Employee Director Deferred Compensation Plan, through which directors may elect to defer cash retainers and committee fees into stock-based units. Following this grant, Yip holds 9,677 deferred stock units directly, reflecting routine, non-cash director compensation rather than an open-market purchase or sale.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 408 | $0.00 | -- |
Footnotes (1)
- Each deferred stock unit represents a contingent right to receive one share of Common Stock. The deferred stock units will be settled in shares of Common Stock upon the earlier of (i) September 1, 2028, (ii) the reporting person's separation from service on the Company's board of directors, or (iii) a change in control. The deferred stock units were acquired by Mr. Yip pursuant to the terms of the Company's Non-Employee Director Deferred Compensation Plan, under which directors may elect to defer all or a portion of their cash retainer and committee fees.
Key Figures
Key Terms
Deferred Stock Units financial
Non-Employee Director Deferred Compensation Plan financial
change in control regulatory
contingent right financial
FAQ
What did Taylor Morrison (TMHC) director Christopher Yip report in this Form 4?
How many Taylor Morrison (TMHC) deferred stock units does Christopher Yip hold after this grant?
When will Christopher Yip’s Taylor Morrison (TMHC) deferred stock units be settled?
What is a deferred stock unit in the Taylor Morrison (TMHC) director plan?
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