Merrill Stevin Todd 4
4 · Taylor Morrison Home Corp · Filed Feb 20, 2026
Research Summary
AI-generated summary of this filing
Taylor Morrison (TMHC) EVP Merril Todd Receives 551 Shares (RSU Vest)
What Happened
Merrill Stevin Todd, EVP, CLO & Secretary of Taylor Morrison Home Corp (TMHC), had 551 restricted stock units (RSUs) vest on February 18, 2026. The company issued 551 shares upon settlement; 178 of those shares were withheld to cover tax withholding obligations at $67.43 per share, totaling $12,003. Net delivered to Todd was 373 shares. This was an RSU settlement (award vesting), not an open‑market sale.
Key Details
- Transaction date: February 18, 2026; Form 4 filed February 20, 2026 (timely filing).
- Shares issued on vesting: 551 shares (conversion of RSUs).
- Shares withheld for taxes: 178 shares at $67.43 each, total $12,003 (tax withholding).
- Net shares retained by insider: 373 shares (551 issued − 178 withheld).
- Grant/plan details: RSUs were granted on Feb 18, 2025 (1,655 RSUs) and vest in three ~33.33% installments; issued under the Taylor Morrison 2013 Omnibus Equity Award Plan.
- Transaction codes: M = conversion of derivative (RSU settlement); F = shares withheld to satisfy tax obligations.
Context
This is a routine vesting/settlement of previously granted RSUs (one‑third of a 1,655 RSU grant). The withholding of shares to pay taxes is a common administration step and does not represent a market sale. No cash purchase or open‑market sale by the insider was reported in this filing.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-02-18+551→ 551 total - Tax Payment
Common Stock
[F2]2026-02-18$67.43/sh−178$12,003→ 373 total - Exercise/Conversion
Restricted Stock Units
[F1][F4][F3]2026-02-18−551→ 1,104 total→ Common Stock (551 underlying)
Footnotes (4)
- [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]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.
- [F4]The RSUs were granted to the Reporting Person pursuant to the Taylor Morrison 2013 Omnibus Equity Award Plan, as amended.