Allan P. Merrill reports 1.57M Beazer Homes shares in 13D

Rhea-AI Filing Summary

Allan P. Merrill, Chairman, President and Chief Executive Officer of Beazer Homes USA, Inc., filed a Schedule 13D reporting beneficial ownership of 1,572,441 shares of Beazer Homes common stock, representing 5.3% of the outstanding shares based on 29,759,950 shares as of November 10, 2025. Merrill has sole voting and dispositive power over these shares.

The stake reflects equity awards he has received over time under Beazer Homes’ long-term incentive plans. On November 17, 2025, he was granted a new stock package consisting of a restricted stock award of 65,996 shares vesting over three years, a restricted stock award of 35,424 shares vesting over two years, and a performance stock award of 98,994 shares tied to performance metrics. These awards provide dividend and voting rights during the vesting period, so they are counted in his beneficial ownership.

Insights

Equity ownership and governance analyst

Beazer Homes’ CEO reports a 5.3% stake driven by new equity awards.

Allan P. Merrill, Beazer Homes’ Chairman, President and CEO, reports beneficial ownership of 1,572,441 shares, or 5.3% of common stock, based on 29,759,950 shares outstanding as of November 10, 2025. The filing states he has sole voting and dispositive power over this stake, underscoring a meaningful insider position.

The filing details a November 17, 2025 stock grant under the 2014 Amended and Restated Long-Term Incentive Plan: 65,996 restricted shares vesting over three years, 35,424 restricted shares vesting over two years, and 98,994 performance shares subject to performance metrics. Because these awards confer dividend and voting rights during vesting, they are included in his beneficial ownership under Rule 13d-3.

The narrative notes that Merrill may buy, sell, or hedge Beazer Homes securities in the future, subject to the company’s insider trading policy, but states he currently has no specific plans involving major corporate actions listed in Item 4. Future ownership changes, if any, would appear in subsequent beneficial ownership reports and company filings.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

Beazer Homes USA, Inc.

(Name of Issuer)

Common Stock, $0.001 par value per share

(Title of Class of Securities)

07556Q881

(CUSIP Number)

Allan P. Merrill
2002 Summit Blvd NE, 15th Floor
Atlanta, 2Q, 30319
(770) 829-3700

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

11/17/2025

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP No. 07556Q881

1

Name of reporting person

Allan P. Merrill

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 1,572,441.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 1,572,441.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

1,572,441.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

5.3 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

Percent of class represented by amount in Row (11) is calculated based on 29,759,950 shares of the Common Stock, par value $0.001 per share, of the Issuer outstanding as of November 10, 2025, as reported in the Issuer's Annual Report on Form 10-K filed with the SEC on November 13, 2025.

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock, $0.001 par value per share
(b)	Name of Issuer: Beazer Homes USA, Inc.
(c)	Address of Issuer's Principal Executive Offices: 2002 Summit Blvd NE, 15th Floor, Atlanta, GEORGIA (COUNTRY) , 30319.
Item 2.	Identity and Background
(a)	Allan P. Merrill
(b)	2002 Summit Blvd NE, 15th Floor, Atlanta Georgia 30319
(c)	The principal business of the Reporting Person is serving as Chairman, President and Chief Executive Officer of Beazer Homes USA, Inc.
(d)	The Reporting Person has not, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
(e)	The Reporting Person has not, during the last five years, been party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
(f)	The Reporting Person is a citizen of the United States.
Item 3.	Source and Amount of Funds or Other Consideration
	The information set forth in or incorporated by reference into Items 4, 5 and 6 of this Schedule 13D is hereby incorporated by reference in its entirety into this Item 3. In his capacity as Chairman, President and Chief Executive Officer of the Issuer, the Reporting Person has from time to time been awarded time-based and performance-based restricted stock awards, stock options and other forms of equity awards pursuant to the Issuer's equity incentive plans pursuant to which the Reporting Person may acquire the Issuer's common stock. On November 17, 2025, the Issuer granted the Reporting Person a (i) restricted stock award of 65,996 shares of the Issuer's common stock that vests ratably over a three-year period, (ii) a restricted stock award of 35,424 shares of the Issuer's common stock that vests ratably over a two-year period and (iii) a performance stock award of 98,994 shares of the Issuer's common stock that is subject to achievement of certain performance metrics, in each case, pursuant to the Company's 2014 Amended and Restated Long-Term Incentive Plan (collectively, the "Stock Grant"). Each share granted pursuant to the Stock Grant is issued subject to the terms of the 2014 Amended and Restated Long-Term Incentive Plan and an applicable award agreement but confers dividend and voting rights during the vesting period. Accordingly, the Reporting Person is deemed to beneficially own such shares pursuant to Rule 13d-3 of the Securities Exchange Act of 1934, as amended, as of the grant date.
Item 4.	Purpose of Transaction
	The disclosure provided in Item 3 above is incorporated herein by reference. The Reporting Person serves as Chairman, President and Chief Executive Officer of the Issuer and, in such capacity, may have influence over the corporate activities of the Issuer, including activities which may relate to items described in subparagraphs (a) through (j) of Item 4 of Schedule 13D. Subject to the Issuer's Insider Trading Compliance Policy, the Reporting Person may from time to time buy or sell securities of the Issuer as appropriate for his personal circumstances. Except as described herein, the Reporting Person does not have any present plans or proposals that relate to or would result in any of the transactions described in subparagraphs (a) through (j) of Item 4 of Schedule 13D. However, the Reporting Person reserves the right to formulate in the future plans or proposals which may relate to or result in the transactions described in subparagraphs (a) through (j) of this Item 4. The Reporting Person may, from time to time, purchase additional securities of the Issuer either in the open market or in privately-negotiated transactions or through exercises of stock options, depending upon the Reporting Person's evaluation of the Issuer's business, prospects and financial condition, the market for such securities, other opportunities available to the Reporting Person, general economic conditions, stock market conditions and other factors. Depending upon the factors noted above, the Reporting Person may also decide to hold or dispose of all or part of his investments in securities of the Issuer and/or, subject to the Issuer's Insider Trading Compliance Policy, enter into derivative transactions with institutional counterparties with respect to the Issuer's securities.
Item 5.	Interest in Securities of the Issuer
(a)	As of the date of this Schedule 13D, the Reporting Person beneficially owns an aggregate of 1,572,441 shares of Common Stock, or 5.3% of the Issuer's outstanding shares of Common Stock. The beneficial ownership percentages used in this Schedule 13D are calculated based on the 29,759,950 shares of Common Stock outstanding as of November 10, 2025, as reported in the Issuer's Annual Report on Form 10-K filed with the SEC on November 13, 2025.
(b)	The Reporting Person may be deemed to hold sole voting and dispositive power over 1,572,441 shares of Common Stock.
(c)	Except as described in Items 3 and 4 of this Schedule 13D, which descriptions are incorporated herein by reference, the Reporting Person has not effected any transactions in the Common Stock during the past 60 days.
(d)	No person other than the Reporting Person is known to have the right to receive, or the power to direct, the receipt of dividends from, or proceeds from the sale of, any securities covered by this Schedule 13D.
(e)	Not applicable.
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	Information set forth in Items 3 and 4 is incorporated herein by reference. Except as described herein, the Reproting Person has no contracts, arrangements, understandings, or relationships with respect to the securities of the Issuer.
Item 7.	Material to be Filed as Exhibits.
	99.1 Form of 2014 Long-Term Incentive Plan Award Agreement for Restricted Stock Awards (Named Executive Officers) (incorporated herein by reference to Exhibit 10.21 of the Company's Form 10-K filed on November 13, 2014) 99.2 Form of 2014 Long-Term Incentive Plan Aaward Agreement for Performance Shares (Named Executive Officers) (incorporated herein by reference to Exhibit 10.2 of the Company's Form 10-Q for the quarter ended December 31, 2017)

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Allan P. Merrill

Signature:	/s/ Allan P. Merrill
Name/Title:	Allan P. Merrill
Date:	11/24/2025

FAQ

How many Beazer Homes (BZH) shares does Allan P. Merrill own?

Allan P. Merrill beneficially owns 1,572,441 shares of Beazer Homes USA, Inc. common stock, which represents 5.3% of the company’s outstanding common shares.

What percentage of Beazer Homes (BZH) does Allan P. Merrill’s stake represent?

The filing reports that Allan P. Merrill’s 1,572,441 shares of Beazer Homes common stock equal 5.3% of the company’s outstanding shares, calculated using 29,759,950 shares outstanding as of November 10, 2025.

How did Allan P. Merrill acquire his Beazer Homes (BZH) shares?

The filing explains that his stake comes from time-based and performance-based restricted stock awards, stock options and other equity awards granted to him over time as Chairman, President and CEO under Beazer Homes’ equity incentive plans.

What new equity awards did Allan P. Merrill receive on November 17, 2025?

On November 17, 2025, he received a stock grant consisting of a restricted stock award of 65,996 shares vesting over three years, a restricted stock award of 35,424 shares vesting over two years, and a performance stock award of 98,994 shares tied to performance metrics, all under the 2014 Long-Term Incentive Plan.

Does Allan P. Merrill have voting power over all of his Beazer Homes shares?

Yes. The filing states that Allan P. Merrill has sole voting power and sole dispositive power over 1,572,441 shares of Beazer Homes common stock reported in the Schedule 13D.

Can Allan P. Merrill buy or sell additional Beazer Homes (BZH) shares?

The filing notes that, subject to Beazer Homes’ Insider Trading Compliance Policy, he may from time to time buy or sell Beazer Homes securities, exercise stock options, or enter into derivative transactions based on factors such as the company’s business, prospects, and market conditions.

Does Allan P. Merrill have plans to change control or strategy at Beazer Homes?

The filing states that, apart from the information disclosed, he does not currently have plans or proposals for the types of significant corporate actions listed in Item 4, though he reserves the right to formulate such plans in the future.