M/I Homes (MHO) director awarded RSUs and phantom stock units as board pay
Rhea-AI Filing Summary
SOLL BRUCE A reported acquisition or exercise transactions in this Form 4 filing.
M/I Homes, Inc. director Bruce A. Soll reported routine equity-based compensation. He received 1,573 restricted share units, each representing a right to one common share, and 256 phantom stock units credited at $127.08 per unit under the Director Deferral Plan.
The restricted share units were granted under the 2018 Long-Term Incentive Plan and vest on the earlier of the next annual shareholder meeting (if at least 50 weeks after May 13, 2026) or May 13, 2027, subject to continued board service, and will be settled in common shares. After these grants, Soll directly holds 11,109 restricted share units and 3,100 phantom stock units, which are generally settled in common shares on specified deferral dates or upon termination of board service.
Positive
- None.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 256 | $127.08 | $33K |
| Grant/Award | Restricted Share Units | 1,573 | $0.00 | -- |
Footnotes (1)
- The Phantom Stock Units were granted as payment for serving as a member of the Board of Directors pursuant to the M/I Homes, Inc. Director Deferral Plan (the "Plan). 1-for-1 The Phantom Stock units accrue under the Plan and are to be settled in Common Shares upon the earlier of (i) the date speciated by the reporting person in his deferral notice, or (ii) the date of the reporting person's termination of service as a director. Each restricted share unit represents a contingent right to receive one common share of M/I Homes, Inc. (The "Company"). The restricted share units were granted under the M/I Homes, Inc. 2018 Long-Term Incentive Plan, as amended, and vest on the earlier of (i) the date of the next annual meeting of shareholders of M/I Homes, Inc. (provided that such annual meeting of shareholders is at least 50 weeks after May 13, 2026) or (ii) May 13, 2027, subject to the reporting person continuing to serve as a director of M/I Homes, Inc. on such date. Vested restricted share units will be settled in common shares of M/I Homes, Inc. no later than the fifteenth day of the third month following the applicable vesting date, unless the reporting person has made a timely deferral election under the M/I Homes, Inc. Director Equity Compensation Deferral Plan, in which case the settlement date will be determined pursuant to the terms of the M/I Homes, Inc. Director Equity Compensation Deferral Plan.