Form 4: Taylor Morrison Director William Lyon Sells Shares Under 10b5-1 Plan

Director William Lyon of Taylor Morrison Home Corp sold 49,928 shares of common stock at an average price of $70.25, pursuant to a pre-arranged Rule 10b5-1 trading plan.

Summary

• On September 18, 2024, William H. Lyon, a director of Taylor Morrison Home Corp (TMHC), sold 49,928 shares of common stock.
• The sale was executed at a weighted average price of $70.25 per share, with individual transactions ranging from $70.00 to $71.03.
• The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan established on March 15, 2024.
• Following the transaction, Lyon directly owns 21,786 shares and indirectly owns 2,145,316 shares through Lyon LLC and 32,570 shares through Lyon Separate Property Trust.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction is part of a pre-planned trading arrangement and doesn't necessarily indicate a change in the director's confidence in the company.

Industry Context

Sales by insiders are a normal part of corporate governance, especially when executed under pre-arranged trading plans like Rule 10b5-1, which allows insiders to sell shares without being accused of acting on non-public information.

Stakeholder Impact

• The sale of shares by a director could have a minor impact on shareholder sentiment, but the existence of a 10b5-1 plan mitigates concerns about insider information.

Key Dates