Form 4: Taylor Morrison Executive Settles Restricted Stock Units
SEC Form 4
Joseph Terracciano, Chief Accounting Officer of Taylor Morrison Home Corp, settled restricted stock units resulting in the acquisition and disposal of common stock.
Summary
- On February 21, 2025, Joseph Terracciano, the Chief Accounting Officer of Taylor Morrison Home Corp, engaged in transactions involving restricted stock units (RSUs).
- Terracciano settled 323 RSUs, receiving 323 shares of common stock.
- Additionally, 205 RSUs were settled, resulting in 205 shares of common stock.
- The company withheld 104 shares at $60.79 to cover tax obligations related to the vesting of the first set of RSUs.
- A further 55 shares were withheld at $60.79 to cover taxes on the second set of RSUs.
- Following these transactions, Terracciano directly owns 1,537 shares of Taylor Morrison Home Corp common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to executive compensation. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and does not necessarily indicate a significant trend in the housing market or the company's performance.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they relate to executive compensation and do not reflect a change in the company's overall financial health or strategy.
Key Dates
| Date | Description |
|---|---|
| 02/21/2023 | Reporting Person was granted 968 RSUs, generally vesting in three installments of approximately 33 1/3% on each of February 21, 2024, February 21, 2025 and February 21, 2026. |
| 02/23/2024 | Reporting Person was granted 617 RSUs, generally vesting in three installments of approximately 33 1/3% on or around each of February 23, 2025, February 23, 2026 and February 23, 2027. |
| 02/21/2025 | Date of RSU settlement and associated stock transactions. |
| 02/24/2025 | Date of signature on the Form 4 filing. |
Keywords
Taylor Morrison Home Corp, Joseph Terracciano, restricted stock units, RSUs, common stock, insider trading, Form 4, settlement, vesting, tax withholding
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