Warren Denise 4
Research Summary
AI-generated summary
Taylor Morrison (TMHC) Director Denise Warren Exercises Options, Receives RSUs
What Happened
- Denise Warren, a director of Taylor Morrison Home Corp (TMHC), exercised/converted 3,096 derivative units on May 21, 2026 and those same 3,096 shares were disposed the same day. She also received a grant of 3,287 restricted stock units (RSUs) which vested on May 21, 2026 and represent the right to one share each. The filing shows no per-share prices or dollar values (listed as N/A).
Key Details
- Transaction date: May 21, 2026; Form 4 filed May 26, 2026.
- Codes: M = exercise/conversion of derivative (3,096 shares acquired and 3,096 shares disposed); A = award/grant (3,287 RSUs acquired/vested).
- Prices/values: Not reported (N/A) in the filing.
- Shares owned after the transactions: Not specified in the provided filing.
- Footnotes: F1–F3 explain RSUs equal one share each, were granted under the company’s 2013 Omnibus Equity Award Plan and vest per the stated schedule; F4 confirms the RSUs vested on May 21, 2026.
- Timeliness: The Form 4 was filed five days after the transactions (May 26 vs. May 21), later than the typical 2-business-day reporting requirement for insiders.
Context
- The exercised derivative shares were disposed the same day they were acquired, which indicates an immediate sale or transfer following exercise (commonly done to cover exercise costs or tax obligations). The RSU grant vested the same day, converting contingent units into shares. There are no dollar amounts reported, and the filing does not specify whether the disposition was an open-market sale or a transfer for tax withholding.