Taylor Morrison (NYSE: TMHC) EVP receives major stock awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Taylor Morrison Home Corp executive Merrill Stevin Todd reported equity compensation activity and related tax withholding. On February 23, 2026, he received grants of 5,061 restricted stock units (RSUs) and 2,700 shares of Common Stock, each RSU representing a right to one share.
Previously granted RSUs and performance-based RSUs (PSUs) vested and were settled into Common Stock, including 573 RSUs and 2,700 PSUs that converted into shares. The company withheld 154 shares and 738 shares of Common Stock at $66.68 per share to cover tax obligations upon these vestings, which is characterized as tax-withholding dispositions rather than open-market sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,273 shares exercised/converted
Mixed
8 txns
Insider
Merrill Stevin Todd
Role
EVP, CLO & Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 573 | $0.00 | -- |
| Grant/Award | Performance-based restricted stock units | 2,700 | $0.00 | -- |
| Exercise | Performance-based restricted stock units | 2,700 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 5,061 | $0.00 | -- |
| Exercise | Common Stock | 573 | $0.00 | -- |
| Tax Withholding | Common Stock | 154 | $66.68 | $10K |
| Grant/Award | Common Stock | 2,700 | $0.00 | -- |
| Tax Withholding | Common Stock | 738 | $66.68 | $49K |
Holdings After Transaction:
Restricted Stock Units — 573 shares (Direct);
Performance-based restricted stock units — 2,700 shares (Direct);
Common Stock — 1,547 shares (Direct)
Footnotes (1)
- Represents settlement of restricted stock units ("RSUs") through the issuance of one share of Common Stock for each vested RSU. Represents shares of Common Stock withheld by the Issuer to cover tax withholding obligations upon the vesting of RSUs. Represents the vesting and settlement of performance-based vesting restricted stock units ("PSUs") granted by the Issuer on February 21, 2023 under Issuer's 2013 Omnibus Equity Award Plan, as amended. Upon vesting, each PSU is settled in a share of the Issuer's Common Stock. Represents shares of Common Stock withheld by the Issuer to cover tax withholding obligations upon the vesting of PSUs. On February 23, 2024, the Reporting Person was granted 1,718 RSUs, generally vesting in three installments of approximately 33 1/3% on each of February 23, 2025, February 23, 2026 and February 23, 2027. The RSUs were granted to the Reporting Person pursuant to the Taylor Morrison 2013 Omnibus Equity Award Plan, as amended. On February 21, 2023 the Reporting Person received a grant of PSUs representing 2,660 shares of the Issuer's Common Stock (at target), half of which vest based on the Issuer's return on net assets ("RONA") and a relative total shareholder return ("TSR") modifier, and half of which vest based on the Company's revenue and a relative TSR modifier. The PSUs cliff vest at the end of a three year performance cycle, generally subject to the Reporting Person's continued employment through the date the compensation committee determines and certifies the applicable level of performance achieved for the fiscal 2025 tranche. The compensation committee determined that the objectives for the fiscal 2025 tranche were achieved at a level resulting in 2,700 PSUs being earned by the Reporting Person on February 23, 2026, subject to satisfaction of the vesting conditions for such grant. Each RSU represents a contingent right to receive one share of Common Stock. Subject to certain conditions, the RSUs will generally vest in three installments of approximately 33 1/3% on each of February 23, 2027, February 23, 2028 and February 13, 2029.
FAQ
What insider transactions did TMHC executive Merrill Stevin Todd report?
Merrill Stevin Todd reported equity grants, vesting, and tax withholding transactions. He received new RSU and stock awards, while previously granted RSUs and PSUs vested and converted into Common Stock, with some shares withheld to satisfy related tax obligations.
How many restricted stock units did TMHC grant to Merrill Stevin Todd?
Taylor Morrison granted Merrill Stevin Todd 5,061 RSUs on February 23, 2026. Each RSU represents a contingent right to receive one share of Common Stock, subject to future vesting conditions and the company’s 2013 Omnibus Equity Award Plan, as amended.
What performance-based stock units vested for TMHC’s Merrill Stevin Todd?
Performance-based restricted stock units representing 2,700 shares vested and settled into Common Stock. These PSUs were originally granted in 2023 and became earned after the compensation committee certified the performance objectives for the fiscal 2025 performance cycle.
How do the new RSUs granted to TMHC’s Merrill Stevin Todd vest over time?
The new RSUs generally vest in three installments of approximately 33 1/3% on each of February 23, 2027, February 23, 2028, and February 13, 2029, subject to specified conditions and continued service under Taylor Morrison’s equity award plan.
What plan governs the Taylor Morrison equity awards to Merrill Stevin Todd?
Both RSUs and PSUs reported for Merrill Stevin Todd were granted under the Taylor Morrison 2013 Omnibus Equity Award Plan, as amended. This plan provides the framework for granting, vesting, and settling the company’s stock-based compensation awards.