Peter Lane
Taylor Morrison HomeAbout Peter Lane
Peter Lane, age 60, has served as a director of Taylor Morrison since June 2012 and as Lead Independent Director since May 2017. He holds a B.S. in physics from the University of Birmingham (UK) and an MBA from the Wharton School, University of Pennsylvania. Lane’s career spans CEO roles and private equity/consulting leadership, with deep experience in operations, finance, and corporate governance; he currently sits on the board of Goosehead Insurance and is a Senior Advisor to Altamont Capital Partners .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| AXIP Energy Services (formerly Valerus Compression Services) | Chief Executive Officer | 2010–2016 | Led oilfield services company; operational and financial leadership |
| TPG Global, LLC | Operating Partner | 2009–2011 | PE portfolio operations; value creation oversight |
| Bain & Company | Partner; led Dallas/Mexico City offices; led oil & gas practice | 12 years; Partner since 2003 | Strategy, performance improvement; sector expertise |
External Roles
| Organization | Role | Tenure | Committees/Notes |
|---|---|---|---|
| Goosehead Insurance, Inc. | Director | Current | Board service; public company governance |
| Altamont Capital Partners | Senior Advisor | Current | Advisory role; private equity perspective |
Board Governance
- Independence: Board determined Lane is independent under NYSE rules; eight of nine directors are independent, and all standing committees are fully independent .
- Lead Independent Director: Lane presides over executive sessions, serves as liaison between Chair/CEO and independent directors, helps set board agendas, and can call meetings of independent directors; available for stockholder communication .
- Committee assignments: Chair, Nominating & Governance Committee; Member, Compensation Committee .
- Attendance: Board met six times in 2024; no incumbent director attended fewer than 75% of board and applicable committee meetings; all directors attended the 2024 annual meeting .
- Executive sessions: Independent directors meet at least quarterly without management; Lane presides as Lead Independent Director .
| Committee | Role | 2024/2025 Detail |
|---|---|---|
| Nominating & Governance | Chair | Committee met 3 times in 2024; comprises Lane, Merritt, Yip; all independent |
| Compensation | Member | Committee met 3 times in 2024; comprises Mariucci (Chair), Lane, Owen; all independent |
| Board | Lead Independent Director | Responsibilities per Corporate Governance Guidelines |
Fixed Compensation
| Component | Amount (USD) | Notes |
|---|---|---|
| Annual base cash retainer | $85,000 | Standard for non-employee directors |
| Lead Independent Director retainer | $40,000 | Additional annual cash retainer |
| Nominating & Governance Committee chair retainer | $20,000 | Additional annual cash retainer |
| Compensation Committee member retainer | $12,000 | Additional annual cash retainer |
| Total cash fees earned (2024) | $157,000 | Sum of above, as reported |
Performance Compensation
| Grant Type | Grant Date | Shares/Units | Price per Share | Grant Date Fair Value | Vesting |
|---|---|---|---|---|---|
| DSUs (annual director equity, elected deferral) | May 23, 2024 | 3,075 | $56.91 | $174,998 | Vests in full on earlier of first anniversary or 2025 annual meeting; 3,075 DSUs unvested at 12/31/2024 scheduled to vest May 22, 2025 |
| DSU settlement (deferrals) | n/a | n/a | n/a | n/a | DSUs for deferred cash are fully vested at grant; all DSUs settle in shares upon separation from service or change-in-control |
- Performance metrics: Not applicable. Director equity awards are annual time-based RSUs/DSUs with no disclosed performance conditions for directors .
Other Directorships & Interlocks
| Company | Role | Potential Interlock/Conflict |
|---|---|---|
| Goosehead Insurance, Inc. | Director | No related-party transactions required to be disclosed for TMHC compensation committee; none identified under Item 404 for 2024 |
- Compensation Committee Interlocks: None of TMHC compensation committee members (including Lane) were officers or had relationships requiring Item 404 disclosure; no reciprocal board/committee interlocks involving TMHC executives in 2024 .
Expertise & Qualifications
- Executive leadership; human capital management; public company board experience; homebuilding/real estate industry exposure; finance/accounting; risk management; sustainability; global experience; marketing/sales, per the Board’s skills matrix for Lane .
Equity Ownership
| Holder | Common Stock Beneficially Owned (#) | % Outstanding | Instruments Held (as of Record Date) | Vested vs Unvested Detail |
|---|---|---|---|---|
| Peter Lane | 70,808 | <1% | DSUs only; no options or RSUs reported | 3,075 DSUs unvested at 12/31/2024, scheduled to vest May 22, 2025 |
- Stock retention policy: Non-employee directors must hold shares equal to ≥5x annual base cash retainer; required level within five years. As of 12/31/2024, all non-employee directors either met or were on track to meet the requirement .
- Anti-hedging: Company prohibits hedging, margin purchases, short sales, and certain derivatives for employees and directors .
- Section 16 compliance: Proxy disclosed late filings for specific executives and one director (Previn); Lane was not listed among late filers .
Governance Assessment
- Board effectiveness: Lane’s dual role as Lead Independent Director and Nominating & Governance Chair strengthens independent oversight, agenda-setting, and director evaluation, with regular executive sessions and fully independent committees—positive for investor confidence .
- Alignment & incentives: Balanced director pay structure (cash + equity), with annual equity grants and a stringent 5x retainer ownership requirement; Lane elected DSUs, further aligning long-term interests .
- Independence & engagement: Affirmed independence; strong attendance (≥75%) and active committee leadership; board met six times in 2024, with independent sessions at least quarterly .
- Conflicts & related-party exposure: No Item 404 related-party transactions for compensation committee members; no interlocks involving TMHC executives; standard indemnification agreements only—no red flags identified .
- Shareholder signals: Say-on-pay support at 96.0% in 2024 indicates broad investor alignment with governance and pay practices .
RED FLAGS: None disclosed in proxy regarding related-party transactions, hedging/pledging violations, or attendance shortfalls for Lane. Continuous monitoring warranted for external board roles and any future related-party disclosures .