M/I Homes (MHO) awards 1,573 RSUs to director Michael Glimcher
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GLIMCHER MICHAEL P reported acquisition or exercise transactions in this Form 4 filing.
M/I Homes director Michael P. Glimcher received a grant of 1,573 restricted share units (RSUs). Each RSU represents a contingent right to receive one common share of M/I Homes, Inc. The award was made under the company’s 2018 Long-Term Incentive Plan.
The RSUs vest on the earlier of the next annual shareholder meeting that occurs at least 50 weeks after May 13, 2026, or on May 13, 2027, if he continues serving as a director. After this grant, he holds 15,392 RSUs. Vested RSUs will be settled in common shares shortly after vesting, or later if he has elected deferral under the Director Equity Compensation Deferral Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
GLIMCHER MICHAEL P
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Share Units | 1,573 | $0.00 | -- |
Holdings After Transaction:
Restricted Share Units — 15,392 shares (Direct, null)
Footnotes (1)
- 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.
FAQ
What did the MHO Form 4 disclose about Michael P. Glimcher?
The Form 4 shows director Michael P. Glimcher received 1,573 restricted share units as a compensation award. These RSUs convert into common shares upon vesting, reflecting routine equity-based director compensation under M/I Homes, Inc.’s 2018 Long-Term Incentive Plan.
When do Michael P. Glimcher’s newly granted MHO RSUs vest?
The RSUs vest on the earlier of the next M/I Homes annual shareholder meeting at least 50 weeks after May 13, 2026, or on May 13, 2027. Vesting also requires Glimcher to continue serving as a director through the applicable vesting date.
How will Michael P. Glimcher’s vested MHO RSUs be settled?
Vested restricted share units will be settled in M/I Homes common shares no later than the fifteenth day of the third month following vesting. If Glimcher has a valid deferral election under the Director Equity Compensation Deferral Plan, settlement timing follows that plan’s terms.
Under which plan were Michael P. Glimcher’s MHO RSUs granted?
The RSUs were granted under the M/I Homes, Inc. 2018 Long-Term Incentive Plan, as amended. This plan governs equity-based awards like restricted share units used to compensate directors and align their interests with shareholders over time.