Palmer Sheryl 4
Research Summary
AI-generated summary
Taylor Morrison (TMHC) CEO Sheryl Palmer Receives 14,810 Shares
What Happened
- Sheryl Palmer, Chairman, President & CEO of Taylor Morrison Home Corp (TMHC), had 14,810 restricted stock units (RSUs) convert into common shares on Feb 18, 2026. Of those shares, 3,988 were withheld by the company to cover tax withholding obligations, valued at $67.43 per share (totaling $268,911). Net shares delivered to Ms. Palmer were 10,822.
Key Details
- Transaction date: February 18, 2026; Form filed: February 20, 2026 (timely filing).
- Conversion/exercise type: M (conversion of derivative — settlement of RSUs into common stock).
- Tax withholding: F (3,988 shares withheld @ $67.43/share = $268,911).
- Net shares received after withholding: 10,822 (14,810 issued − 3,988 withheld).
- Shares owned after the transactions: not disclosed on the Form 4.
- Relevant footnotes: RSUs were settled one-for-one into common stock upon vesting (F1); withheld shares used to satisfy tax obligations (F2); the RSUs were part of a grant of 44,430 RSUs made on Feb 18, 2025 that vest in three ~33.3% installments (F4, F5).
Context
- This was a routine RSU vesting and net-share settlement to cover taxes (not an open-market buy or sell). The derivative conversion reflects RSUs becoming common shares rather than an option exercise for cash. Routine vesting and tax-withholding transactions are common for executive compensation and do not by themselves indicate a change in insider sentiment.