Meritage CEO-linked entities sell 5,000 MTH shares
Meritage Homes Chief Executive Officer Phillippe Lord reported charitable and related-party transactions involving company stock.
Rhea-AI Filing Summary
Meritage Homes Chief Executive Officer Phillippe Lord reported charitable and related-party transactions involving company stock. A charitable foundation controlled by Mr. Lord sold 5,000 MTH shares at a weighted average price of $80.07 per share, with individual trades between $80.05 and $80.15. On the same date, 10,000 shares were transferred as bona fide gifts from Mr. Lord’s direct holdings and from family limited partnerships he controls to the charitable foundation. After these moves, family limited partnerships controlled by Mr. Lord held 216,320 shares, the charitable foundation held 5,000 shares, and his direct holdings totaled 107,254 shares, alongside additional unvested restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | MTH Common Stock | 5,000 | $0.00 | $0.00 |
| Gift | MTH Common Stock | 5,000 | $0.00 | $0.00 |
| Sale | MTH Common Stock | 5,000 | $80.07 | $400K |
| holding | MTH Common Shares | -- | -- | -- |
Footnotes (7)
- F1. Represents a gift from the direct holdings of Mr. Lord to a charitable foundation controlled by Mr. Lord.
- F2. Balance includes 216,320 shares held by family limited partnerships controlled by Mr. Lord and 5,000 shares held by a charitable foundation controlled by Mr. Lord. Mr. Lord disclaims beneficial ownership of the shares held by the charitable foundation as he has no pecuniary interest in such shares.
- F3. Represents the sale of shares by a charitable foundation controlled by Mr. Lord. Mr. Lord disclaims beneficial ownership of the shares held by the charitable foundation as he has no pecuniary interest in such shares.
- F4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $80.05 to $80.15, inclusive. The reporting person undertakes to provide to the Registrant, any security holder of the Registrant, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F5. Balance reflects all other holdings, including restricted stock units that have previously vested.
- F6. All shares are held by family limited partnerships controlled by Mr. Lord.
- F7. Balance represents restricted stock units not vested.
FAQ
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What insider transactions did Meritage Homes (MTH) report for Phillippe Lord?
What are Phillippe Lord’s direct Meritage Homes (MTH) holdings after these transactions?
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