VANHYFTE CURTIS 4

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.