Director at M/I Homes (MHO) converts 824 phantom stock units into shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
M/I Homes, Inc. director Bruce A. Soll acquired common shares through a compensation-related conversion. On this date, he exercised 824 Phantom Stock units in a 1-for-1 exchange into 824 common shares at a stated price of $0.0000 per share under the company’s Amended and Restated Director Deferred Compensation Plan. Following these transactions, he held 3,067 Phantom Stock units and 824 common shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
824 shares exercised/converted
Mixed
2 txns
Insider
SOLL BRUCE A
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Phantom Stock | 824 | $0.00 | -- |
| Exercise | Common Shares | 824 | $0.00 | -- |
Holdings After Transaction:
Phantom Stock — 3,067 shares (Direct);
Common Shares — 824 shares (Direct)
Footnotes (1)
- Common Shares acquired pursuant to 1-for-1 exchange for Phantom Stock units. The Phantom Stock units accrued from time to time under the M/I Homes, Inc. Amended and Restated Director Deferred Compensation Plan (the "Plan") in lieu of cash payments for serving as a member of the Board of Directors. The reporting person acquired all such Phantom Stock Units at the closing price of the common shares of M/I Homes, Inc. on the New York Stock Exchange on the date of allocation of such Phantom Stock units to the reporting person's deferred compensation account under the Plan. 1-for-1
FAQ
What insider transaction did M/I Homes (MHO) director Bruce A. Soll report?
Bruce A. Soll reported exercising 824 Phantom Stock units into 824 common shares. The transaction reflects a 1-for-1 exchange under M/I Homes’ Amended and Restated Director Deferred Compensation Plan, rather than an open-market share purchase or sale.
What is the source of the Phantom Stock units in Bruce A. Soll’s M/I Homes (MHO) Form 4?
The Phantom Stock units accrued under the M/I Homes, Inc. Amended and Restated Director Deferred Compensation Plan. They were allocated instead of cash payments for serving on the Board, using the common share closing price on the allocation date to determine the units credited.
What are Bruce A. Soll’s holdings after this M/I Homes (MHO) insider transaction?
After the reported transactions, Bruce A. Soll directly held 3,067 Phantom Stock units and 824 common shares of M/I Homes, Inc. These positions reflect his board-related deferred compensation and the 1-for-1 exchange completed on the reported date.
Does the M/I Homes (MHO) Form 4 show a market purchase or sale by Bruce A. Soll?
The Form 4 does not show a market purchase or sale. It reports an exercise or conversion of 824 Phantom Stock units into 824 common shares at a stated $0.0000 per share, under the company’s director deferred compensation plan.