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Meritage Homes (MTH) CEO receives 48,907-share RSU grant and holds large stake

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Lord Phillippe reported acquisition or exercise transactions in this Form 4 filing.

Meritage Homes CEO Phillippe Lord received a compensation grant of 48,907 restricted stock units of MTH common shares on March 23, 2026. The award was granted at no cost per share and will fully vest on March 15, 2029, tying his incentives to the company’s long-term performance.

After this grant, he directly holds 118,613 restricted stock units that are not yet vested. He also indirectly holds 260,389 shares of MTH common stock through family limited partnerships that he controls, reflecting a substantial ongoing equity stake alongside this new award.

Positive

  • None.

Negative

  • None.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Lord Phillippe

(Last)(First)(Middle)
18655 NORTH CLARET DRIVE
SUITE 400

(Street)
SCOTTSDALE ARIZONA 85255

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Meritage Homes CORP [ MTH ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
Chief Executive Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
03/23/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
MTH Common Shares03/23/2026A48,907(1)A$0118,613(2)D
MTH Common Stock260,389(3)(4)ILimited Partnership
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents grant of restricted stock units. The shares will fully vest on March 15, 2029.
2. Balance represents restricted stock units not vested.
3. All shares are held in family limited partnerships controlled by Mr. Lord.
4. Balance reflects all other holdings, including restricted stock units that have previously vested.
Remarks:
/s/ Alison Sasser, attorney-in-fact for Phillippe Lord03/25/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Meritage Homes (MTH) report for CEO Phillippe Lord?

Meritage Homes reported that CEO Phillippe Lord received a grant of 48,907 restricted stock units of MTH common shares. The grant was recorded as a compensation award, granted at no cost per share, aligning his pay more closely with the company’s share performance.

When do Phillippe Lord’s newly granted Meritage Homes (MTH) restricted stock units vest?

The newly granted 48,907 restricted stock units will fully vest on March 15, 2029. This long vesting schedule is designed to encourage sustained leadership and align the CEO’s incentives with long-term value creation for Meritage Homes shareholders over several years.

How many Meritage Homes (MTH) restricted stock units does the CEO hold after this grant?

Following the March 23, 2026 grant, CEO Phillippe Lord directly holds 118,613 restricted stock units that are not yet vested. This figure represents his unvested equity awards, which will convert into MTH common shares only as they vest over time.

What indirect Meritage Homes (MTH) shareholdings does CEO Phillippe Lord have?

In addition to his direct restricted stock units, Phillippe Lord indirectly holds 260,389 MTH common shares. All of these shares are held in family limited partnerships controlled by him, according to the disclosure footnotes, indicating significant additional equity exposure.

Was the Meritage Homes (MTH) CEO transaction an open-market buy or a compensation grant?

The transaction was a compensation grant, not an open-market purchase. The filing classifies it under a grant or award acquisition code, with a price per share of $0.0000, meaning the CEO did not pay cash to acquire these 48,907 restricted stock units.

Does the Meritage Homes (MTH) CEO Form 4 show any insider share sales?

The Form 4 does not report any insider share sales by CEO Phillippe Lord. It shows one acquisition of 48,907 restricted stock units as a grant and an updated indirect holding entry, emphasizing awards and ownership rather than dispositions or open-market selling activity.
Meritage Homes Corp

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