Meritage Homes (NYSE: MTH) chair adds 5,925 shares via award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Meritage Homes Executive Chairman Steven J. Hilton reported an acquisition of 5,925 shares of MTH common stock, representing vesting of performance-based restricted stock units after meeting pre-set performance goals. These shares are held indirectly in family trusts and a charitable foundation he controls, some of which he disclaims beneficial ownership of.
Following this award, indirect holdings reported for these entities total 846,438 shares, while his direct holdings stand at 13,267 shares, including previously vested restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
HILTON STEVEN J
Role
Executive Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | MTH Common Stock | 5,925 | $0.00 | -- |
| holding | MTH Common Stock | -- | -- | -- |
Holdings After Transaction:
MTH Common Stock — 846,438 shares (Indirect, Held in Family Trusts and Charitable Foundation);
MTH Common Stock — 13,267 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. 766,438 shares are held by family trusts controlled by Mr. Hilton, including 26,850 shares that Mr. Hilton disclaims beneficial ownership of as they are held by certain family trusts that he has no pecuniary interest in. 80,000 shares are held by a charitable foundation controlled by Mr. Hilton, which Mr. Hilton disclaims beneficial ownership of as he has no pecuniary interest in such shares. Balance represents restricted stock units not vested.
FAQ
What insider transaction did Meritage Homes (MTH) report for Steven J. Hilton?
Meritage Homes reported that Executive Chairman Steven J. Hilton acquired 5,925 shares of MTH common stock through vesting of performance-based restricted stock units. The vesting occurred after achievement of specified performance targets, and the shares are held indirectly through family trusts and a charitable foundation.
How are family trusts and a foundation involved in Steven J. Hilton’s Meritage Homes (MTH) holdings?
Hilton’s indirect Meritage Homes holdings are reported as shares in family trusts and a charitable foundation he controls. The filing notes 766,438 shares in family trusts and 80,000 in the foundation, and he disclaims beneficial ownership of portions where he has no pecuniary interest.