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