Equity award vests as Taylor Morrison (NYSE: TMHC) EVP gets shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Taylor Morrison Home Corp executive Merrill Stevin Todd reported routine equity award activity. On February 18, he exercised 551 restricted stock units into 551 shares of common stock at $0.00 per share, increasing his directly held RSUs to 1,104.
Of the newly issued common shares, 178 were disposed of at $67.43 per share to cover tax withholding obligations upon the RSU vesting, leaving him with 373 directly owned common shares. The 551 vested RSUs are part of a 1,655-unit grant awarded on February 18, 2025 under the Taylor Morrison 2013 Omnibus Equity Award Plan, generally vesting in three annual installments.
Positive
- None.
Negative
- None.
Insider Trade Summary
551 shares exercised/converted
Mixed
3 txns
Insider
Merrill Stevin Todd
Role
EVP, CLO & Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 551 | $0.00 | -- |
| Exercise | Common Stock | 551 | $0.00 | -- |
| Tax Withholding | Common Stock | 178 | $67.43 | $12K |
Holdings After Transaction:
Restricted Stock Units — 1,104 shares (Direct);
Common Stock — 551 shares (Direct)
Footnotes (1)
- Represents settlement of restricted stock units ("RSUs") through the issuance of one share of Common Stock for each vested RSU. Represents shares of Common Stock withheld by the Issuer to cover tax withholding obligations upon the vesting of RSUs. On February 18, 2025, the Reporting Person was granted 1,655 RSUs, generally vesting in three installments of approximately 33 1/3% on each of February 18, 2026, February 18, 2027 and February 18, 2028. The RSUs were granted to the Reporting Person pursuant to the Taylor Morrison 2013 Omnibus Equity Award Plan, as amended.
FAQ
What did Taylor Morrison (TMHC) executive Merrill Stevin Todd report on this Form 4?
Merrill Stevin Todd reported routine equity award activity, settling 551 restricted stock units into 551 shares of common stock. A portion of those shares was withheld to satisfy tax obligations related to the vesting, reflecting standard executive compensation mechanics at Taylor Morrison Home Corp.
What Taylor Morrison (TMHC) equity plan governs Merrill Stevin Todd’s RSU grant?
The RSUs were granted under the Taylor Morrison 2013 Omnibus Equity Award Plan, as amended. This plan provides stock-based compensation such as restricted stock units to executives, aligning their interests with shareholders through multi-year vesting tied to continued service at the company.
Is Merrill Stevin Todd’s Taylor Morrison (TMHC) Form 4 mainly a buy, sell, or tax event?
The filing reflects a mix of derivative exercise and tax withholding activity. RSUs were converted into common stock (an acquisition of shares) and 178 shares were disposed of solely to satisfy tax obligations, rather than a typical open-market purchase or sale transaction.