Meritage Homes (MTH) CEO receives 48,907-share RSU grant and holds large stake
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lord Phillippe reported acquisition or exercise transactions in this Form 4 filing.
Meritage Homes CEO Phillippe Lord received a compensation grant of 48,907 restricted stock units of MTH common shares on March 23, 2026. The award was granted at no cost per share and will fully vest on March 15, 2029, tying his incentives to the company’s long-term performance.
After this grant, he directly holds 118,613 restricted stock units that are not yet vested. He also indirectly holds 260,389 shares of MTH common stock through family limited partnerships that he controls, reflecting a substantial ongoing equity stake alongside this new award.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Lord Phillippe
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | MTH Common Shares | 48,907 | $0.00 | -- |
| holding | MTH Common Stock | -- | -- | -- |
Holdings After Transaction:
MTH Common Shares — 118,613 shares (Direct);
MTH Common Stock — 260,389 shares (Indirect, Limited Partnership)
Footnotes (1)
- Represents grant of restricted stock units. The shares will fully vest on March 15, 2029. Balance represents restricted stock units not vested. All shares are held in family limited partnerships controlled by Mr. Lord. Balance reflects all other holdings, including restricted stock units that have previously vested.
FAQ
What insider transaction did Meritage Homes (MTH) report for CEO Phillippe Lord?
Meritage Homes reported that CEO Phillippe Lord received a grant of 48,907 restricted stock units of MTH common shares. The grant was recorded as a compensation award, granted at no cost per share, aligning his pay more closely with the company’s share performance.
When do Phillippe Lord’s newly granted Meritage Homes (MTH) restricted stock units vest?
The newly granted 48,907 restricted stock units will fully vest on March 15, 2029. This long vesting schedule is designed to encourage sustained leadership and align the CEO’s incentives with long-term value creation for Meritage Homes shareholders over several years.
How many Meritage Homes (MTH) restricted stock units does the CEO hold after this grant?
Following the March 23, 2026 grant, CEO Phillippe Lord directly holds 118,613 restricted stock units that are not yet vested. This figure represents his unvested equity awards, which will convert into MTH common shares only as they vest over time.
Was the Meritage Homes (MTH) CEO transaction an open-market buy or a compensation grant?
The transaction was a compensation grant, not an open-market purchase. The filing classifies it under a grant or award acquisition code, with a price per share of $0.0000, meaning the CEO did not pay cash to acquire these 48,907 restricted stock units.