EVP Darrell sells 95,190 shares for $6.7M across 8 transactions, reducing stake by -46.6%
Sherman Darrell, EVP, CLO & Secretary of Taylor Morrison Home Corp, executed 8 separate sales totaling 95,190 shares for $6,697,529.15 on October 28 and 30, 2024, at a blended average price of $70.36 per share. This sale represents a substantial reduction in his holdings, cutting his position from 204,407 shares to 109,217 shares, a -46.6% decrease. The timing of this large-scale liquidation coincides with elevated stock valuations near the 52-week high ($71.86), with the transaction prices at $70.00–$70.50 positioning the sales very close to peak levels. His prior trades at TMHC (May 2023) showed poor timing on a 90-day basis, with both sales followed by positive returns of +5.7% and +9.0%, indicating he typically sold before further appreciation; the current sale's pattern—executing near all-time highs—does not yet confirm whether this trade will follow that historical pattern, but the execution near peak price warrants investor attention given the company's declining annual revenue growth of -9.8% and elevated valuation relative to fundamentals.