Form 4: Taylor Morrison Director William Lyon Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Director William Lyon of Taylor Morrison Home Corp sold 72 shares of common stock at $70 per share on September 17, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- William Lyon, a director of Taylor Morrison Home Corp, sold 72 shares of common stock on September 17, 2024.
- The sale was executed at a price of $70 per share.
- This 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 2,195,244 shares through Lyon LLC and 32,570 shares through Lyon Separate Property Trust.
- Lyon LLC is managed by William Lyon, who also serves as trustee of the Lyon Trusts, which are members of Lyon LLC.
- William Lyon is also the trustee of the Lyon Separate Property Trust.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a stock sale by a director, which is neither inherently positive nor negative.
Industry Context
This Form 4 filing is a routine disclosure of a transaction by a company insider and provides transparency to the market regarding the trading activities of key personnel.
Key Dates
| Date | Description |
|---|---|
| 2012-12-24 | Date of establishment of Lyon Shareholder 2012 Irrevocable Trust No. 1 and No. 2 |
| 2024-03-15 | Date of establishment of the Rule 10b5-1 Plan |
| 2024-09-17 | Date of the stock sale transaction |
| 2024-09-18 | Date of signature of the Form 4 filing |
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