Taylor Morrison Home Management

Management criteria checks 2/4

Taylor Morrison Home's CEO is Sheryl Palmer, appointed in Nov 2012, has a tenure of 11.5 years. total yearly compensation is $14.35M, comprised of 7.4% salary and 92.6% bonuses, including company stock and options. directly owns 0.37% of the company’s shares, worth €20.80M. The average tenure of the management team and the board of directors is 6.3 years and 8 years respectively.

Key information

Sheryl Palmer

Chief executive officer

US$14.4m

Total compensation

CEO salary percentage	7.4%
CEO tenure	11.5yrs
CEO ownership	0.4%
Management average tenure	6.3yrs
Board average tenure	8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Sheryl Palmer's remuneration changed compared to Taylor Morrison Home's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$768m
Dec 31 2023	US$14m	US$1m	US$769m
Sep 30 2023	n/a	n/a	US$872m
Jun 30 2023	n/a	n/a	US$1b
Mar 31 2023	n/a	n/a	US$1b
Dec 31 2022	US$9m	US$1m	US$1b
Sep 30 2022	n/a	n/a	US$1b
Jun 30 2022	n/a	n/a	US$909m
Mar 31 2022	n/a	n/a	US$742m
Dec 31 2021	US$12m	US$1m	US$663m
Sep 30 2021	n/a	n/a	US$485m
Jun 30 2021	n/a	n/a	US$431m
Mar 31 2021	n/a	n/a	US$373m
Dec 31 2020	US$10m	US$1m	US$243m
Sep 30 2020	n/a	n/a	US$204m
Jun 30 2020	n/a	n/a	US$156m
Mar 31 2020	n/a	n/a	US$172m
Dec 31 2019	US$8m	US$1m	US$255m
Sep 30 2019	n/a	n/a	US$210m
Jun 30 2019	n/a	n/a	US$236m
Mar 31 2019	n/a	n/a	US$213m
Dec 31 2018	US$7m	US$1m	US$206m
Sep 30 2018	n/a	n/a	US$219m
Jun 30 2018	n/a	n/a	US$159m
Mar 31 2018	n/a	n/a	US$126m
Dec 31 2017	US$6m	US$1m	US$91m

Compensation vs Market: Sheryl's total compensation ($USD14.35M) is above average for companies of similar size in the German market ($USD3.34M).

Compensation vs Earnings: Sheryl's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Sheryl Palmer (61 yo)

11.5yrs

Tenure

US$14,351,112

Compensation

Ms. Sheryl Denise Palmer has been the Chief Executive Officer and President of Taylor Morrison Inc. at Monarch Development Corporation since August 2007. Ms. Palmer has cross-functional building experience...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Sheryl Palmer	Chairman	11.5yrs	US$14.35m	0.37% $ 20.8m
Curt VanHyfte	Executive VP & CFO	less than a year	US$3.63m	0% $ 0
Darrell Sherman	Executive VP	14.9yrs	US$3.53m	0.13% $ 7.1m
Louis Steffens	Executive Vice President of Strategic & Operational Initiatives	less than a year	US$4.33m	0% $ 0
Erik Heuser	Executive VP & Chief Corporate Operations Officer	4.3yrs	no data	no data
Joseph Terracciano	Chief Accounting Officer	9.7yrs	no data	no data
John Lucas	Chief Information Officer	no data	no data	no data
Jason Lenderman	Vice President of Investor Relations	no data	no data	no data
Stephanie McCarty	Chief Marketing & Communications Officer	6.3yrs	no data	no data
Charissa Wagner	Senior VP of People Operations	no data	no data	no data
Tawn Kelley	Executive VP & President of Financial Services	7.1yrs	US$2.50m	no data
Douglas Miller	President of Tampa Division	4.9yrs	no data	no data

6.3yrs

Average Tenure

56yo

Average Age

Experienced Management: THM's management team is seasoned and experienced (6.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Sheryl Palmer	Chairman	11.5yrs	US$14.35m	0.37% $ 20.8m
David Merritt	Independent Director	10.9yrs	US$310.02k	0.0023% $ 125.8k
Anne Mariucci	Independent Director	10.2yrs	US$302.02k	0.072% $ 4.0m
Denise Warren	Independent Director	5.8yrs	US$272.02k	0% $ 0
William Lyon	Independent Director	4.3yrs	US$260.02k	2.2% $ 122.6m
Peter Lane	Lead Independent Director	11.9yrs	US$329.52k	0% $ 0
Christopher Yip	Independent Director	2.5yrs	US$270.04k	0% $ 0
Andrea Owen	Independent Director	5.8yrs	US$272.02k	0% $ 0

8.0yrs

Average Tenure

58.5yo

Average Age

Experienced Board: THM's board of directors are considered experienced (8 years average tenure).

Taylor Morrison Home Management

Management criteria checks 2/4

Key information

Recent management updates

Taylor Morrison Home Corporation, Annual General Meeting, May 23, 2024

Executive VP & CFO recently sold €938k worth of stock

Taylor Morrison Appoints Curt Vanhyfte as the Chief Financial Officer

Executive VP & CFO recently sold €435k worth of stock

Executive VP & CFO recently sold €311k worth of stock

Chief Accounting Officer recently sold €78k worth of stock

Recent updates

First quarter 2024 earnings released: EPS: US$1.79 (vs US$1.76 in 1Q 2023)

Taylor Morrison Opens One of the Final New Build Communities in the Arvada Market

Taylor Morrison Home Corporation, Annual General Meeting, May 23, 2024

Taylor Morrison Home Corporation to Report Q1, 2024 Results on Apr 30, 2024

Now 22% undervalued

Executive VP & CFO recently sold €938k worth of stock

Full year 2023 earnings released: EPS: US$7.09 (vs US$9.16 in FY 2022)

Full year 2023 earnings released: EPS: US$7.09 (vs US$9.16 in FY 2022)

Now 21% overvalued after recent price rise

Now 22% overvalued after recent price rise

Taylor Morrison Home Corporation to Report Q4, 2023 Results on Feb 14, 2024

Taylor Morrison Home Corporation (NYSE:TMHC) announces an Equity Buyback for $500 million worth of its shares.

New major risk - Revenue and earnings growth

Taylor Morrison Home Corporation to Report Q3, 2023 Results on Oct 25, 2023

Taylor Morrison Appoints Curt Vanhyfte as the Chief Financial Officer

Second quarter 2023 earnings released: EPS: US$2.15 (vs US$2.47 in 2Q 2022)

Taylor Morrison Home Corporation to Report Q2, 2023 Results on Jul 26, 2023

Taylor Morrison Home Corporation(NYSE:TMHC) dropped from Russell 2000 Growth-Defensive Index

First quarter 2023 earnings released: EPS: US$1.76 (vs US$1.46 in 1Q 2022)

Executive VP & CFO recently sold €435k worth of stock

Executive VP & CFO recently sold €311k worth of stock

Chief Accounting Officer recently sold €78k worth of stock

Insufficient new directors

Full year 2022 earnings released: EPS: US$9.16 (vs US$5.26 in FY 2021)

Taylor Morrison Home Corporation to Report Q4, 2022 Results on Feb 15, 2023

Taylor Morrison Unveils New Build-To-Rent Brand, Yardly

Taylor Morrison Announces Its Revolutionary Home Reservation System

Third quarter 2022 earnings released: EPS: US$2.75 (vs US$1.35 in 3Q 2021)

Taylor Morrison Home Corporation to Report Q3, 2022 Results on Oct 26, 2022

Executive VP & CFO recently bought €254k worth of stock

Second quarter 2022 earnings released: EPS: US$2.47 (vs US$0.97 in 2Q 2021)

Investor sentiment improved over the past week

Taylor Morrison Home Corporation to Report Q2, 2022 Results on Jul 27, 2022

Investor sentiment deteriorated over the past week

First quarter 2022 earnings released: EPS: US$1.46 (vs US$0.76 in 1Q 2021)

Taylor Morrison Home Corporation, Annual General Meeting, May 26, 2022

Taylor Morrison Home Corporation to Report Q1, 2022 Results on Apr 27, 2022

Taylor Morrison Home Corporation (NYSE:TMHC) announces an Equity Buyback for $250 million worth of its shares.

Third quarter 2021 earnings released: EPS US$1.35 (vs US$0.88 in 3Q 2020)

Second quarter 2021 earnings released: EPS US$0.97 (vs US$0.51 in 2Q 2020)

High number of new directors

Taylor Morrison Launches Industry-First Reservation System for To-Be-Built Homes

Independent Director recently sold €27m worth of stock

First quarter 2021 earnings released: EPS US$0.76 (vs US$0.26 loss in 1Q 2020)

Full year 2020 earnings released: EPS US$1.91 (vs US$2.38 in FY 2019)

Revenue beats expectations

Full year 2020 earnings released: EPS US$1.91 (vs US$2.38 in FY 2019)

Revenue beats expectations

New 90-day high: €24.60

Taylor Morrison Home Corporation to Report Q4, 2020 Results on Feb 10, 2021

Investor sentiment improved over the past week

New 90-day high: €23.60

New 90-day low: €18.80

Third-quarter earnings released: Revenue beats expectations

Third quarter earnings released

Taylor Morrison Home Corporation to Report Q3, 2020 Results on Oct 28, 2020

New 90-day high: €22.40

First half earnings released

Taylor Morrison Home Corporation to Report Q2, 2020 Results on Jul 30, 2020

Taylor Morrison Home Corporation(NYSE:TMHC) dropped from Russell 2000 Growth-Defensive Index

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure