Owen Andrea 4
4 · Taylor Morrison Home Corp · Filed Jul 27, 2026
Research Summary
AI-generated summary of this filing
Taylor Morrison (TMHC) Director Owen Andrea Sells Shares
What Happened Owen Andrea, a director of Taylor Morrison Home Corporation, had 41,884 deferred stock units (DSUs) converted into cash and disposed on July 24, 2026. Each DSU was paid out at $72.50 per share as part of the Berkshire Hathaway acquisition, resulting in cash consideration of $3,036,590. This was not an open-market sale by the director but a cash-out of derivative awards triggered by the merger.
Key Details
- Transaction date and price: July 24, 2026 — 41,884 DSUs converted/paid at $72.50 per share.
- Total proceeds: $3,036,590.
- Transaction type/code: Disposition to issuer (D); derivative instrument (DSU) converted and settled in cash.
- Shares owned after transaction: Not specified in the filing for underlying common shares; the DSUs were cancelled upon conversion.
- Footnote: Per the filing, each DSU equaled a contingent right to one share; upon the effective merger of Taylor Morrison into a Berkshire Hathaway subsidiary, all outstanding DSUs vested, were cancelled, and converted into cash equal to number of DSUs × $72.50.
- Filing timeliness: Report filed July 27, 2026 (timely under Form 4 rules following the July 24 transaction).
Context This transaction reflects merger consideration — the DSUs were cashed out as part of Taylor Morrison's acquisition by Berkshire Hathaway, not a discretionary open-market sale. For retail investors, such derivative conversions are routine corporate-event settlements and do not necessarily signal the insider's buying or selling intent regarding the company's stock.
Insider Transaction Report
- Disposition to Issuer
Deferred Stock Units
[F1]2026-07-24$72.50/sh−41,884$3,036,590→ 0 total→ Common Stock (41,884 underlying)
Footnotes (1)
- [F1]Each deferred stock unit ("DSU") represents a contingent right to receive one share of common stock, par value $0.00001 per share, of Taylor Morrison Home Corporation (the "Issuer"). On July 24, 2026, Berkshire Hathaway Inc. ("BHI") acquired 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, 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) $72.50.