Form 4: Taylor Morrison Director William Lyon Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Director William Lyon sold Taylor Morrison Home Corp shares on March 4th and 5th, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- William H. Lyon, a director of Taylor Morrison Home Corp, sold shares of common stock on March 4th and 5th, 2024.
- The sales were executed under a Rule 10b5-1 trading plan adopted on March 3, 2023.
- On March 4, 2024, Lyon sold 63,210 shares at a weighted average price of $58.30, with prices ranging from $58.00 to $58.64.
- An additional 14,000 shares were sold on March 4, 2024, at a weighted average price of $58.47, with prices ranging from $58.02 to $58.65.
- On March 5, 2024, Lyon sold 40,122 shares at a weighted average price of $58.12, with prices ranging from $58.00 to $58.25.
- Following these transactions, Lyon directly owns 17,744 shares and indirectly owns 2,623,984 shares through Lyon Shareholder 2012, LLC and 57,570 shares through Lyon Separate Property Trust.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting insider trading activity. It doesn't inherently convey positive or negative sentiment, as it simply discloses transactions.
Industry Context
Insider sales are a common occurrence, and the use of a 10b5-1 plan suggests the sales were pre-planned and not based on current market information.
Stakeholder Impact
- The sale of shares by a director could be perceived negatively by some shareholders, potentially leading to a slight decrease in stock price, although the existence of a 10b5-1 plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| 2023/03/03 | Date of adoption of Rule 10b5-1 Plan |
| 2024/03/04 | Date of first reported transaction (sale of shares) |
| 2024/03/05 | Date of second reported transaction (sale of shares) |
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