Taylor Morrison Home Corp — Director's Dealing 2021

Mar 13, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Taylor Morrison Home Corp (TMHC)
CIK: 0001562476
Period of Report: 2021-03-10

Reporting Person: Sherman Darrell (EVP, CLO & Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-03-10	Common Stock	A	9718	—	Acquired	101704	Direct
2021-03-10	Common Stock	F	4320	$29.76	Disposed	97384	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-03-10	Performance-based restricted stock units	$	A	2579	Acquired		Common Stock (2579)	Direct
2021-03-10	Performance-based restricted stock units	$	M	9718	Disposed		Common Stock (9718)	Direct
2021-03-10	Performance-based restricted stock units	$	A	3753	Acquired		Common Stock (3753)	Direct

Footnotes

F1: Represents the vesting and settlement of performance-based vesting restricted stock units ("PSUs") granted by the Issuer on February 12, 2018, under Issuer's 2013 Omnibus Equity Award Plan, as amended. Upon vesting, each PSU is settled in a share of the Issuer's Common Stock.

F2: Represents shares of Common Stock withheld by the Issuer to cover tax withholding obligations upon the vesting of PSUs.

F3: On February 12, 2018, the Reporting Person received a grant of PSUs representing 7,299 shares of the Issuer's Common Stock (at target). The PSUs cliff vest at the end of a three year performance cycle, generally subject to the Reporting Person's continued employment through the applicable vesting date, with the number of PSUs earned and issued determined based on achievement of return on net asset performance objectives approved by the Issuer's compensation committee for each year of the performance cycle. The compensation committee determined that the objectives for the third tranche (2020) were achieved at a level resulting in 2,579 PSUs being earned by the Reporting Person on March 10, 2021, subject to satisfaction of the vesting conditions for such grant.

F4: On February 19, 2019, the Reporting Person received a grant of PSUs representing 10,451 shares of the Issuer's Common Stock (at target). The PSUs cliff vest at the end of a three year performance cycle, generally subject to the Reporting Person's continued employment through the applicable vesting date, with the number of PSUs earned and issued determined based on achievement of return on net asset performance objectives approved by the Issuer's compensation committee for each year of the performance cycle. The compensation committee determined that the objectives for the second tranche (2020) were achieved at a level resulting in 3,753 PSUs being earned by the Reporting Person on March 10, 2021, subject to satisfaction of the vesting conditions for such grant.