Warren Denise 4
4 · Taylor Morrison Home Corp · Filed Jul 27, 2026
Research Summary
AI-generated summary of this filing
Taylor Morrison (TMHC) Director Denise Warren Sells $2.55M in Shares
What Happened
Denise Warren, a director of Taylor Morrison Home Corp (TMHC), had 35,138 total shares/units converted into cash under the company’s merger with Berkshire Hathaway. The filing shows: 3,096 common shares cashed out and two derivative items — 3,287 restricted stock units (RSUs) and 28,755 deferred stock units (DSUs) — all paid at $72.50 per share. Proceeds total $2,547,506 and the transactions are reported as dispositions to the issuer (cash settlements under the merger).
Key Details
- Transaction date: July 24, 2026. Report filed July 27, 2026 (timely).
- Price per share/unit: $72.50.
- Breakdown and values: 3,096 shares → $224,460; 3,287 RSUs → $238,308; 28,755 DSUs → $2,084,738. Total ≈ $2.55M.
- Transaction type: D = disposition to issuer (cash-out under the merger). RSUs/DSUs vested, were cancelled and converted into cash per the Merger Agreement.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Notable footnotes: Merger closed on July 24, 2026; each outstanding RSU/DSU became vested and was converted to cash equal to (# units × $72.50).
Context
These were not open-market sales but cash settlements resulting from Berkshire Hathaway’s acquisition of Taylor Morrison (each share converted into $72.50 cash). Such merger-related cash conversions are routine corporate actions and do not by themselves indicate the insider’s view of the company’s future stock performance.
Insider Transaction Report
- Disposition to Issuer
Common Stock
[F1]2026-07-24$72.50/sh−3,096$224,460→ 0 total - Disposition to Issuer
Restricted Stock Units
[F2][F1][F3]2026-07-24$72.50/sh−3,287$238,308→ 0 total→ Common Stock (3,287 underlying) - Disposition to Issuer
Deferred Stock Units
[F4][F1]2026-07-24$72.50/sh−28,755$2,084,738→ 0 total→ Common Stock (28,755 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 RSU as of immediately prior to the Effective Time, multiplied by (y) the Merger Consideration.
- [F4]Represents deferred stock units ("DSUs"). Each DSU represents a contingent right to receive one share of Common Stock. Pursuant to the Merger Agreement, each outstanding DSU became immediately vested, was cancelled and converted into the right to receive an amount in cash equal to (x) the number of shares subject to such DSU as of immediately prior to the Effective Time, multiplied by (y) the Merger Consideration.