Meritage Homes (NYSE: MTH) EVP awarded 8,001 performance-based shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Meritage Homes executive vice president and general counsel Malissia Clinton acquired 8,001 shares of common stock at no cost through vesting of performance-based restricted stock units tied to preset targets. After this award, she directly holds 24,388 Meritage Homes shares, along with additional vested and unvested restricted stock unit balances.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Clinton Malissia
Role
EVP - Gen. Counsel, Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | MTH Common Stock | 8,001 | $0.00 | -- |
| holding | MTH Common Shares | -- | -- | -- |
Holdings After Transaction:
MTH Common Stock — 24,388 shares (Direct);
MTH Common Shares — 12,407 shares (Direct)
Footnotes (1)
- Represents vesting of performance-based restricted stock units upon achievement of pre-specified performance targets. Balance reflects all other holdings, including restricted stock units that have previously vested. Balance represents restricted stock units not vested.
FAQ
What insider transaction did Meritage Homes (MTH) report for Malissia Clinton?
Meritage Homes reported that EVP and general counsel Malissia Clinton acquired 8,001 common shares at no cost. The acquisition came from vesting of performance-based restricted stock units that were earned after meeting pre-set performance targets.
What do the performance-based restricted stock units mean in the Meritage Homes (MTH) Form 4?
The Form 4 notes that the 8,001 shares represent vesting of performance-based restricted stock units. These units converted into common shares after Meritage Homes achieved pre-specified performance targets, aligning the award with company performance objectives.
How are other restricted stock holdings described for Malissia Clinton at Meritage Homes (MTH)?
Footnotes state that one balance reflects other holdings, including restricted stock units that have already vested. Another balance represents restricted stock units not yet vested, distinguishing between current share ownership and future potential share delivery.
Does the Meritage Homes (MTH) Form 4 show any stock sales by Malissia Clinton?
The Form 4 data shows no reported stock sales by Malissia Clinton. It records one acquisition of 8,001 common shares via a grant or award and an additional entry updating her direct holding balances, with no shares disposed.