Director Peter Ax receives 3,100 RSU grant at Meritage Homes (MTH)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
AX PETER L reported acquisition or exercise transactions in this Form 4 filing.
Meritage Homes director Peter L. Ax received an equity grant of 3,100 restricted stock units (RSUs) of MTH common shares. The award was granted at no cash price and will fully vest on the third anniversary of the grant date.
After this grant, Ax directly holds 9,300 unvested RSUs. He also has indirect ownership of 38,758 shares of MTH common stock held in a trust, which includes restricted stock units that have previously vested.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
AX PETER L
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 — 9,300 shares (Direct);
MTH Common Stock — 38,758 shares (Indirect, HELD IN TRUST)
Footnotes (1)
- Represents grant of restricted stock units. The shares will fully vest on the third 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 insider transaction did Meritage Homes (MTH) report for Peter L. Ax?
Meritage Homes reported that director Peter L. Ax received a grant of 3,100 restricted stock units of MTH common shares. This is an equity compensation award, not an open‑market purchase or sale, and was granted at no cash cost per share.
When do Peter L. Ax’s new Meritage Homes (MTH) RSUs vest?
The 3,100 restricted stock units granted to Peter L. Ax will fully vest on the third anniversary of the grant date. Until vesting, the units generally represent a contingent right to receive shares rather than currently transferable common stock.
What indirect Meritage Homes (MTH) holdings are reported for Peter L. Ax?
The filing shows 38,758 MTH common shares held indirectly in a trust. This balance reflects all other holdings associated with Ax, including restricted stock units that have previously vested and are now treated as part of the trust’s share position.