Terracciano Joseph 4

What Happened

• Joseph Terracciano, Chief Accounting Officer of Taylor Morrison Home Corp (TMHC), disposed of a total of 13,229 shares/derivative units on July 24, 2026 in connection with Berkshire Hathaway’s acquisition of Taylor Morrison. The merger converted outstanding common shares to $72.50 per share in cash. Reported cash amounts for specific items include $83,520 (1,152 shares) and $111,070 (combined for certain RSU/derivative entries shown at $72.50), totaling $194,590 for the line items with per-share values disclosed; several derivative items show N/A for per-share price because they represent RSUs or option cash-outs calculated under the merger terms.

Key Details

• Transaction date: July 24, 2026; Form 4 filed July 27, 2026 (filed within the normal SEC two-business-day window).
• Price / consideration: Merger consideration was $72.50 per common share. RSUs and options were converted to cash under the Merger Agreement (see footnotes).
• Total units disposed: 13,229 (includes common shares, RSUs and option-related conversions).
• Shares owned after transaction: Not specified in the filing.
• Notable footnotes:
  • F1: Berkshire Hathaway acquired Taylor Morrison; each share of common stock converted into $72.50 cash at the Effective Time.
  • F2–F3: RSUs were canceled and converted into cash; 50% paid at or promptly after the Effective Time, remaining 50% payable Jan 31, 2027 (subject to continued employment).
  • F4: Options vested, were canceled, and converted into cash equal to the number of shares times the spread (Merger Consideration minus option exercise price).
• Transaction type code: Disposition to issuer (D) — a cash-out under the merger, not an open-market sale.

Context

• These dispositions resulted from the mandatory merger conversion rather than an open-market sale by the insider; RSU and option conversions are treated as derivative cash settlements. RSU cash is partially deferred (50% later), and option cash depends on each option’s exercise price (so some reported items show N/A for per-share proceeds). This filing is informational about the merger payout rather than routine trading intent.