Taylor Morrison Home Corp — Director's Dealing 2023

Feb 23, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Taylor Morrison Home Corp (TMHC)
CIK: 0001562476
Period of Report: 2023-02-20

Reporting Person: Palmer Sheryl (Director, Chairman, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-02-20	Common Stock	A	110382	—	Acquired	447241	Direct
2023-02-20	Common Stock	F	47299	$35.85	Disposed	399942	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-02-20	Performance-based restricted stock units	$	A	110382	Acquired		Common Stock (110382)	Direct
2023-02-20	Performance-based restricted stock units	$	M	110382	Disposed		Common Stock (110382)	Direct

Footnotes

F1: Represents the vesting and settlement of performance-based vesting restricted stock units ("PSUs") granted by the Issuer on February 10, 2020, 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 10, 2020, the Reporting Person received a grant of PSUs representing 110,382 shares of the Issuer's Common Stock (at target), half of which vest based on the Issuer's earnings before taxes ("EBT") and a relative total shareholder return modifier, and half of which vest based on the Company's EBT margin and a relative total shareholder return modifier. The PSUs cliff vest at the end of a three year performance cycle, generally subject to the Reporting Person's continued employment through the date the compensation committee determines and certifies the applicable level of performance achieved for the fiscal 2022 tranche. The compensation committee determined that the objectives for the fiscal 2022 tranche were achieved at a level resulting in 110,382 PSUs being earned by the Reporting Person on February 20, 2023, subject to satisfaction of the vesting conditions for such grant.