Director at M/I Homes (NYSE: MHO) receives 1,573 restricted share units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Smith Eugene Dubois reported acquisition or exercise transactions in this Form 4 filing.
M/I Homes, Inc. director Eugene Dubois Smith received a grant of 1,573 restricted share units as equity compensation. Each unit represents the right to receive one common share of M/I Homes.
The award was granted under the 2018 Long-Term Incentive Plan and vests on the earlier of the next annual shareholder meeting (if at least 50 weeks after May 13, 2026) or on May 13, 2027, subject to his continued board service. Vested units will be settled in common shares shortly after vesting, or later if he elects deferral under the Director Equity Compensation Deferral Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Smith Eugene Dubois
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Share Units | 1,573 | $0.00 | -- |
Holdings After Transaction:
Restricted Share Units — 1,573 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.
Key Figures
Restricted share units granted: 1,573 units
Underlying common shares: 1,573 shares
Exercise/conversion price: $0.00 per share
+3 more
6 metrics
Restricted share units granted
1,573 units
Grant to director Eugene Dubois Smith on May 13, 2026
Underlying common shares
1,573 shares
Each restricted unit equals one common share
Exercise/conversion price
$0.00 per share
Restricted share units granted at no cash exercise price
Total units after grant
1,573 units
Total restricted share units held following this transaction
Latest vesting date
May 13, 2027
Latest possible vesting date if conditions are met
50-week condition
50 weeks
Next annual meeting must be at least 50 weeks after May 13, 2026
Key Terms
Restricted Share Units, 2018 Long-Term Incentive Plan, Director Equity Compensation Deferral Plan, vest
4 terms
2018 Long-Term Incentive Plan financial
"The restricted share units were granted under the M/I Homes, Inc. 2018 Long-Term Incentive Plan, as amended"
Director Equity Compensation Deferral Plan financial
"unless the reporting person has made a timely deferral election under the M/I Homes, Inc. Director Equity Compensation Deferral Plan"
vest financial
"and vest on the earlier of (i) the date of the next annual meeting of shareholders"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What insider transaction did M/I Homes (MHO) report for Eugene Dubois Smith?
M/I Homes director Eugene Dubois Smith received a grant of 1,573 restricted share units. These units are a form of stock-based compensation that can convert into an equal number of common shares once vesting and settlement conditions are satisfied.
What is the role of the M/I Homes (MHO) Director Equity Compensation Deferral Plan in this grant?
If Eugene Dubois Smith makes a timely deferral election under the Director Equity Compensation Deferral Plan, settlement of his vested restricted share units will follow that plan’s terms, allowing him to delay receipt of common shares beyond the standard post-vesting settlement window.