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STOCK BASED COMPENSATION
9 Months Ended
Sep. 30, 2025
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, RSUs, performance-based restricted stock units (“PRSUs”), and other equity-based awards deliverable in shares of our Common Stock. As of September 30, 2025, we had an aggregate of 4,565,206 shares of Common Stock available for future grants under the Plan.
The following table provides the outstanding balance of RSUs, PRSUs, and stock options as of September 30, 2025:
RSUs and PRSUsStock Options
Number of Units
Weighted Average
Grant Date Fair
Value
Number of Options
Weighted
Average Exercise
Price Per Share
Balance at September 30, 20251,248,545$47.65 1,713,333$31.49 
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 unaudited Condensed consolidated statements of operations (in thousands):
Three Months Ended
September 30,
Nine Months Ended
September 30,
2025202420252024
Restricted stock units (1)
$5,522 $4,390 $18,996 $13,834 
Stock options1,014 1,071 3,341 3,182 
Total stock compensation expense$6,536 $5,461 $22,337 $17,016 
(1) Includes compensation expense related to time-based RSUs and PRSUs.
At September 30, 2025 and December 31, 2024, the aggregate unrecognized value of all outstanding stock-based compensation awards was approximately $39.8 million and $29.2 million, respectively.