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Insider Trends: Taylor Morrison Home Insider Converts Option/Derivative Security to Acquire Stock, Makes Tax Sale, Selling Trend Intact

· 02/04/2021 13:41

06:38 PM EST, 02/04/2021 (MT Newswires) -- On Feb 02, 2021, Sheryl Palmer, Director and Chairman, President & CEO, exercised options/derivative securities for 15,564 shares of Taylor Morrison Home (TMHC) and sold 4,691 shares in the company for $127,361 to meet tax obligations. After accounting for tax obligations this transaction resulted in a net acquisition of 10,873 company shares. Palmer, subsequent to the transactions detailed in the SEC Form 4 filing, has 148,631 shares of the company, which have a market value of $4.01 million as of the prior-day closing price.

In the 90 days prior to the date of this filing, there have been 8 insider transactions reported to the SEC for Taylor Morrison Home. These transactions came from the activities of 3 different insiders that resulted in a net disposition of 113,107 company shares. This compares with the preceding 90-day window of time where there were 2 transactions from 1 insider and resulted in the disposition of 347 shares.

This level of transactions is below that of the peer group average in the 17-company Homebuilding peer group over the last 90-day period. Peer group activity averaged 96.6 transactions per company, and disposition of 421 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1562476/000095014221000373/xslF345X03/es210129439_4-palmer.xml

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.