Form 4: Taylor Morrison Director William Lyon Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Director William Lyon sold 9,075 shares of Taylor Morrison Home Corp under a pre-arranged 10b5-1 trading plan.
Summary
- On November 7, 2024, William Lyon, a director of Taylor Morrison Home Corp, sold 9,075 shares of common stock.
- The sale was executed at a weighted average price of $72.08 per share, with individual transactions ranging from $72.00 to $72.29.
- The transaction was conducted under a Rule 10b5-1 trading plan established on March 15, 2024.
- Following the transaction, Lyon directly owns 21,786 shares and indirectly owns 2,136,241 shares through Lyon LLC and 32,570 shares through Lyon Separate Property Trust.
- Lyon is the manager of Lyon LLC and the trustee of Lyon Trusts, giving him voting and investment power over the shares held by Lyon LLC.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a routine stock sale by a company director under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment.
Industry Context
Sales by insiders are a common occurrence and are often related to personal financial planning. The use of a 10b5-1 plan suggests the sales were pre-planned and not based on any specific inside information.
Key Dates
| Date | Description |
|---|---|
| March 15, 2024 | Date the Rule 10b5-1 trading plan was entered into by the Reporting Person. |
| November 07, 2024 | Date of the stock sale transaction. |
| November 08, 2024 | Date of signature on the Form 4 filing. |
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