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Meritage Homes (NYSE: MTH) CEO entities log 32,820-share insider sale

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Meritage Homes Chief Executive Officer Phillippe Lord reported that family limited partnerships he controls sold 32,820 shares of MTH common stock in open-market transactions on February 23, 2026.

Some of the shares were sold to cover required tax withholdings under a Rule 10b5-1 trading plan. Weighted-average sale prices ranged from about $75.44 to $77.86 per share across multiple trades. After these indirect sales, the filings show 260,389 shares held indirectly through the partnerships and 69,706 shares held directly, with balances reflecting other holdings including vested restricted stock units.

Positive

  • None.

Negative

  • None.
SEC Form 4
FORM 4 UNITED 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).
X
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 AZ 85255

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Meritage Homes CORP [ MTH ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Executive Officer
3. Date of Earliest Transaction (Month/Day/Year)
02/23/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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)
Code V Amount (A) or (D) Price
MTH Common Stock 02/23/2026 S 6,688(1) D $76.05(2) 286,521 I Limited Partnership
MTH Common Stock 02/23/2026 S 25,963(1) D $76.6(3) 260,558 I Limited Partnership
MTH Common Stock 02/23/2026 S 169(1) D $77.81(4) 260,389(5)(6) I Limited Partnership
MTH Common Shares 69,706(7) D
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Represents sale of shares to cover required tax withholdings under a Rule 10b5-1 plan.
2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $75.44 to $76.43, 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.
3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $76.45 to $77.20, 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.
4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $77.77 to $77.86, 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.
5. Balance reflects all other holdings, including restricted stock units that have previously vested.
6. All shares are held in family limited partnerships controlled by Mr. Lord.
7. Balance represents restricted stock units not vested.
Remarks:
/s/ Alison Sasser, attorney-in-fact for Phillippe Lord 02/25/2026
** Signature of Reporting Person Date
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.

FAQ

How many Meritage Homes (MTH) shares were sold in Phillippe Lord’s latest Form 4?

The filing reports that entities associated with CEO Phillippe Lord sold 32,820 shares of Meritage Homes common stock. The sales occurred in several open-market transactions on February 23, 2026, at weighted-average prices generally between $75.44 and $77.86 per share.

Who executed the recent Meritage Homes (MTH) share sales reported for Phillippe Lord?

The shares were sold by family limited partnerships controlled by Mr. Lord, rather than directly by him personally. The filing notes that all reported shares involved in the open-market sales are held in these family limited partnerships associated with the Meritage Homes Chief Executive Officer.

Were the Meritage Homes (MTH) insider sales related to a Rule 10b5-1 plan or tax withholding?

Yes. A footnote states that part of the reported sales represent shares sold to cover required tax withholdings under a Rule 10b5-1 trading plan. Such plans pre-schedule trades, and tax-withholding sales typically occur when equity awards vest and trigger tax obligations.

What sale prices were reported for the Meritage Homes (MTH) insider transactions?

The open-market sales were reported at weighted-average prices, with trades ranging from $75.44 to $76.43, $76.45 to $77.20, and $77.77 to $77.86 per share. The filer offers to provide detailed breakdowns of shares sold at each specific price within these ranges on request.

How many Meritage Homes (MTH) shares does Phillippe Lord report owning after these transactions?

After the reported sales, indirect holdings through family limited partnerships total 260,389 shares of Meritage Homes common stock. The filing also shows 69,706 shares held directly. Footnotes explain that these balances include other holdings such as previously vested restricted stock units.

What role does Phillippe Lord hold at Meritage Homes (MTH) in this Form 4 filing?

Phillippe Lord is identified as a director and Chief Executive Officer of Meritage Homes. The Form 4 describes his position as an officer with the title Chief Executive Officer, and the reported transactions involve Meritage Homes common stock linked to entities he controls.
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