VANHYFTE CURTIS 4
4 · Taylor Morrison Home Corp · Filed Jul 27, 2026
Research Summary
AI-generated summary of this filing
Taylor Morrison (TMHC) CFO Curtis VanHyfte Sells Shares in Merger
What Happened
- Curtis VanHyfte, CFO of Taylor Morrison Home Corp (TMHC), had all of his company shares and equity awards converted into cash as part of Berkshire Hathaway’s acquisition of Taylor Morrison. Per the merger terms, 90,197 total shares/award-equivalents were converted at $72.50 per share, resulting in approximately $6.54 million in cash consideration. The Form 4 reports multiple disposition entries (code D — disposition to issuer) reflecting the merger cash-out of common shares and derivative awards (RSUs and options).
Key Details
- Transaction date: July 24, 2026. Form 4 filed: July 27, 2026.
- Price: $72.50 per share (merger consideration). Total cash received ≈ $6,539,282.50 (~$6.54M).
- Reported disposals include 28,778 common shares plus multiple RSU/option conversions totaling 90,197 shares/award-equivalents.
- Derivative details:
- RSUs became vested, were cancelled and converted into cash equal to shares × $72.50. Per the merger, 50% of RSU cash is payable at/shortly after the effective time; the remaining 50% is payable on Jan 31, 2027, generally subject to continued employment.
- Options were fully vested (if not already), cancelled and converted into cash equal to the number of option shares × (Merger Consideration − exercise price).
- Filing does not list post-transaction beneficial ownership in the provided data.
- Transaction code: D (Disposition to issuer — merger cash-out). No late filing indication in the information provided.
Context
- These dispositions are the result of a corporate acquisition (Berkshire Hathaway’s merger) and are not open‑market sales. Such conversions of RSUs and options into merger cash consideration are routine in takeovers and reflect deal terms rather than a personal liquidity decision in the open market.
- For RSUs, note the split payment (half now, half Jan 31, 2027 subject to continued employment). For options, payout depends on each option’s exercise price (the Form calculates cash only for the in‑the‑money portion).
- Purchases by insiders are typically more informative about personal confidence; here the transaction is a contractual merger payout.
Insider Transaction Report
Form 4Exit
Transactions
- Disposition to Issuer
Common Stock
[F1]2026-07-24$72.50/sh−28,778$2,086,405→ 0 total - Disposition to Issuer
Restricted Stock Units
[F2][F1][F3]2026-07-24$72.50/sh−661$47,923→ 0 total→ Common Stock (661 underlying) - Disposition to Issuer
Restricted Stock Units
[F2][F1][F3]2026-07-24$72.50/sh−6,348$460,230→ 0 total→ Common Stock (6,348 underlying) - Disposition to Issuer
Restricted Stock Units
[F2][F1][F3]2026-07-24$72.50/sh−2,922$211,845→ 0 total→ Common Stock (2,922 underlying) - Disposition to Issuer
Restricted Stock Units
[F2][F1][F3]2026-07-24$72.50/sh−13,404$971,790→ 0 total→ Common Stock (13,404 underlying) - Disposition to Issuer
Restricted Stock Units
[F2][F1][F3]2026-07-24$72.50/sh−4,116$298,410→ 0 total→ Common Stock (4,116 underlying) - Disposition to Issuer
Stock Options
[F1][F4]2026-07-24−2,282→ 0 totalExercise: $48.42Exp: 2033-07-31→ Common Stock (2,282 underlying) - Disposition to Issuer
Stock Options
[F1][F4]2026-07-24−3,081→ 0 totalExercise: $29.08Exp: 2032-02-11→ Common Stock (3,081 underlying) - Disposition to Issuer
Stock Options
[F1][F4]2026-07-24−8,656→ 0 totalExercise: $63.02Exp: 2035-02-18→ Common Stock (8,656 underlying) - Disposition to Issuer
Stock Options
[F1][F4]2026-07-24−7,980→ 0 totalExercise: $56.48Exp: 2034-02-23→ Common Stock (7,980 underlying) - Disposition to Issuer
Stock Options
[F1][F4]2026-07-24−11,969→ 0 totalExercise: $34.75Exp: 2033-02-21→ Common Stock (11,969 underlying)
Footnotes (4)
- [F1]On July 24, 2026, Berkshire Hathaway Inc. ("BHI") acquired Taylor Morrison Home Corporation (the "Issuer") pursuant to an Agreement and Plan of Merger, dated as of May 31, 2026 (the "Merger Agreement"), by and among the Issuer, BHI and WXYZ Merger Sub, Inc., a wholly owned subsidiary of BHI ("Merger Sub"). In accordance with the Merger Agreement, Merger Sub merged with and into the Issuer (the "Merger") with the Issuer surviving the Merger as a wholly owned subsidiary of BHI. At the effective time of the Merger (the "Effective Time"), each issued and outstanding share of the Issuer's common stock, par value $0.00001 per share, (the "Common Stock") (other than certain excluded shares) automatically converted into the right to receive $72.50 per share in cash (the "Merger Consideration").
- [F2]Represents restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of Common Stock.
- [F3]Pursuant to the Merger Agreement, each outstanding RSU became immediately vested, was cancelled and converted into the right to receive an amount in cash equal to (x) the number of shares of Common Stock subject to such RSUs immediately prior to the Effective Time, multiplied by (y) the Merger Consideration. Fifty percent (50%) of such cash amount will be paid at or promptly after the Effective Time, and the remaining fifty percent (50%) will become payable on January 31, 2027, generally subject to the Reporting Person's continued employment through such date.
- [F4]Pursuant to the Merger Agreement, options to purchase shares of Common Stock (the "Options") became fully vested (to the extent not previously vested) and cancelled and converted into the right to receive an amount of cash equal to (x) the number of shares of Common Stock subject to the Option as of immediately prior to the Effective Time, multiplied by (y) the excess, if any, of the Merger Consideration over the exercise price per share of Common Stock under such Option.
Signature
/s/ Todd Merrill, Attorney-in-Fact|2026-07-27