Lane Peter R. 4
4 · Taylor Morrison Home Corp · Filed Jul 27, 2026
Research Summary
AI-generated summary of this filing
Taylor Morrison (TMHC) Director Peter R. Lane Sells 77,191 Shares
What Happened
Peter R. Lane, a director of Taylor Morrison Home Corporation, had 77,191 deferred stock units (DSUs) converted into cash and disposed on July 24, 2026. Each DSU was converted at $72.50 per share as part of Berkshire Hathaway’s acquisition of Taylor Morrison, producing total consideration of $5,596,348. This was a disposition of derivative awards tied to the company’s merger, not an open-market sale of previously held common shares.
Key Details
- Transaction date: July 24, 2026; per-share price: $72.50.
- Amount: 77,191 DSUs converted; total proceeds $5,596,348.
- Transaction type/code: Disposition to the issuer (D) of a derivative (DSUs).
- Shares/units after transaction: DSUs were cancelled upon conversion; the filing does not disclose Mr. Lane’s remaining common stock holdings.
- Footnote: DSUs immediately vested, were cancelled and converted into cash pursuant to the Merger Agreement when Berkshire Hathaway’s Merger Sub merged with Taylor Morrison.
- Filing timeliness: Form 4 filed on July 27, 2026 for the July 24, 2026 transaction (filed within the required reporting window).
Context
This was a routine settlement of deferred equity awards triggered by an acquisition. DSU conversions in an M&A are distinct from voluntary open-market sales and generally reflect the merger consideration paid to holders of deferred units rather than a discretionary liquidity event by the insider.
Insider Transaction Report
- Disposition to Issuer
Deferred Stock Units
[F1]2026-07-24$72.50/sh−77,191$5,596,348→ 0 total→ Common Stock (77,191 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.