4//SEC Filing
Sherman Darrell 4
Accession 0000950142-25-000359
CIK 0001562476other
Filed
Feb 12, 7:00 PM ET
Accepted
Feb 13, 6:52 PM ET
Size
17.7 KB
Accession
0000950142-25-000359
Insider Transaction Report
Form 4
Sherman Darrell
VP and General Counsel
Transactions
- Tax Payment
Common Stock
2025-02-11$62.39/sh−1,112$69,378→ 96,773 total - Exercise/Conversion
Common Stock
2025-02-11+3,668→ 97,885 total - Tax Payment
Common Stock
2025-02-11$62.39/sh−3,643$227,287→ 106,335 total - Exercise/Conversion
Restricted Stock Units
2025-02-11−3,668→ 0 total→ Common Stock (3,668 underlying) - Award
Performance-based restricted stock units
2025-02-11+13,205→ 13,205 total→ Common Stock (13,205 underlying) - Exercise/Conversion
Performance-based restricted stock units
2025-02-11−13,205→ 0 total→ Common Stock (13,205 underlying) - Award
Common Stock
2025-02-11+13,205→ 109,978 total
Footnotes (7)
- [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 11, 2022, under Issuer's 2013 Omnibus Equity Award Plan, as amended (the "Equity Plan"). 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 11, 2022, the Reporting Person was granted 11,004 RSUs, generally vesting in three installments of approximately 33 1/3% on each of February 11, 2023, February 11, 2024 and February 11, 2025.
- [F6]The RSUs were granted to the Reporting Person pursuant to the Equity Plan.
- [F7]On February 11, 2022, the Reporting Person received a grant of PSUs representing 11,004 shares of the Issuer's Common Stock (at target). 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 2024 tranche, with the number of PSUs earned and issued determined based on achievement of return on net asset performance objectives approved by the Issuer's compensation committee for each year of the performance cycle. The compensation committee determined that the objectives for the fiscal 2024 tranche were achieved at a level resulting in 13,205 PSUs being earned by the Reporting Person on February 11, 2025, subject to satisfaction of the vesting conditions for such grant.
Documents
Issuer
Taylor Morrison Home Corp
CIK 0001562476
Entity typeother
Related Parties
1- filerCIK 0001570142
Filing Metadata
- Form type
- 4
- Filed
- Feb 12, 7:00 PM ET
- Accepted
- Feb 13, 6:52 PM ET
- Size
- 17.7 KB