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STOCK BASED COMPENSATION
6 Months Ended
Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]  
STOCK BASED COMPENSATION STOCK BASED COMPENSATION
Equity-Based Compensation
In April 2013, we adopted the Taylor Morrison Home Corporation 2013 Omnibus Equity Award Plan (the “Plan”). The Plan
was most recently amended and restated in May 2022. The Plan provides for the grant of stock options, restricted stock units
(“RSUs”), performance-based restricted stock units (“PRSUs”), and other equity-based awards deliverable in shares of our
Common Stock. As of June 30, 2022, we had an aggregate of 5,498,968 shares of Common Stock available for future
grants under the Plan.

The following table provides the outstanding balance of time-based and performance based RSUs and stock options as of June 30, 2022:
Restricted Stock Units
 (time and performance)
Stock Options
UnitsWeighted Average
Grant Date Fair
Value
UnitsWeighted
Average Exercise
Price Per Share
Balance at June 30, 20221,633,914 $27.34 3,499,994 $23.15 

The following table provides information regarding the amount and components of stock-based compensation expense, all of which is included in general and administrative expenses in the Condensed Consolidated Statements of Operations (in thousands):
 Three Months Ended
June 30,
Six Months Ended
June 30,
 2022202120222021
Restricted stock units (1)
$4,137 $3,615 $9,918 $8,362 
Stock options1,141 1,039 2,223 1,973 
Total stock compensation$5,278 $4,654 $12,141 $10,335 
(1) Includes compensation expense related to time-based RSUs and performance-based RSUs.

At June 30, 2022 and December 31, 2021, the aggregate unrecognized value of all outstanding stock-based compensation awards was approximately $38.1 million and $26.5 million, respectively.