Director at Meritage Homes (MTH) receives 3,100-share restricted stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Mooney P. Kelly reported acquisition or exercise transactions in this Form 4 filing.
Meritage Homes director Mooney P. Kelly reported an equity award of 3,100 shares of MTH common stock in the form of restricted stock units granted at no cash cost. According to the disclosure, these units will fully vest on the first anniversary of the grant date.
Following this grant, the Form 4 shows 3,100 restricted stock units that remain unvested and a separate direct holding balance of 26,900 shares of MTH common stock, which includes previously vested restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Mooney P. Kelly
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | MTH Common Shares | 3,100 | $0.00 | -- |
| holding | MTH Common Stock | -- | -- | -- |
Holdings After Transaction:
MTH Common Shares — 3,100 shares (Direct);
MTH Common Stock — 26,900 shares (Direct)
Footnotes (1)
- Represents grant of restricted stock units. The shares will fully vest on the first anniversary of the date of grant. Balance represents restricted stock units not vested. Balance reflects all other holdings, including restricted stock units that have previously vested.
FAQ
What did Meritage Homes (MTH) director Mooney P. Kelly report on this Form 4?
Meritage Homes director Mooney P. Kelly reported receiving 3,100 shares of MTH common stock as restricted stock units. The filing also shows a separate direct holding balance of 26,900 shares, which includes previously vested restricted stock units.
Was the Meritage Homes (MTH) stock grant to Mooney P. Kelly a purchase or an award?
The 3,100 Meritage Homes shares reported are an equity award of restricted stock units, not an open-market purchase. The grant was recorded with a zero dollar price per share, reflecting compensation rather than a cash transaction.
When do the 3,100 restricted stock units granted to the MTH director vest?
The 3,100 restricted stock units granted to the Meritage Homes director will fully vest on the first anniversary of the grant date. Until vesting, they remain unvested units rather than freely tradable common shares.
Does the Meritage Homes Form 4 show any stock sales by the director?
The Form 4 does not report any stock sales by the Meritage Homes director. It records an acquisition in the form of 3,100 restricted stock units and updates the total direct holdings figure, including previously vested units.