Meritage Homes (MTH) EVP sells 5,185 shares under Rule 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Meritage Homes EVP and General Counsel Clinton Malissia reported open-market sales of 5,185 shares of MTH common stock on February 23, 2026. The transactions occurred in three blocks at reported weighted average prices of $75.90, $77.05, and $77.82 per share.
According to the footnotes, these sales were made to cover required tax withholdings under a Rule 10b5-1 trading plan and involved multiple trades within stated price ranges on that date. The filing also notes that remaining holdings include both common stock and restricted stock units, some vested and some unvested.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 5,185 shares ($394,617)
Net Sell
4 txns
Insider
Clinton Malissia
Role
EVP - Gen. Counsel, Secretary
Sold
5,185 shs ($395K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | MTH Common Stock | 4,405 | $75.90 | $334K |
| Sale | MTH Common Stock | 548 | $77.05 | $42K |
| Sale | MTH Common Stock | 232 | $77.82 | $18K |
| holding | MTH Common Shares | -- | -- | -- |
Holdings After Transaction:
MTH Common Stock — 19,983 shares (Direct);
MTH Common Shares — 12,407 shares (Direct)
Footnotes (1)
- Represents sale of shares to cover required tax withholdings under a Rule 10b5-1 plan. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $75.37 to $76.36, 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $76.37 to $77.31, 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. 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. Balance reflects all other holdings, including restricted stock units that have previously vested. Balance represents restricted stock units not vested.
FAQ
What insider activity did Meritage Homes (MTH) disclose for Clinton Malissia?
Meritage Homes disclosed that EVP and General Counsel Clinton Malissia sold 5,185 shares of MTH common stock on February 23, 2026. The transactions were reported as open-market sales and were associated with covering required tax withholdings under a Rule 10b5-1 trading plan.
What is the purpose of Clinton Malissia’s Meritage Homes (MTH) stock sales?
The filing states the reported sales represent shares sold to cover required tax withholdings under a Rule 10b5-1 trading plan. Such plans pre-schedule trades, and the tax-withholding language indicates the transactions were linked to tax obligations rather than discretionary open-market selling.
What price ranges were involved in the Meritage Homes (MTH) insider stock sales?
Footnotes explain that the reported prices are weighted averages. On February 23, 2026, trades occurred in ranges of $75.37–$76.36, $76.37–$77.31, and $77.77–$77.86 per share. The insider undertakes to provide detailed trade breakdowns upon request.
Does Clinton Malissia still hold Meritage Homes (MTH) equity after these stock sales?
Yes. The filing shows that Clinton Malissia continues to hold direct equity interests in Meritage Homes. Footnotes note that remaining balances include common stock and restricted stock units, including units that have already vested and units that have not yet vested.
What does the Meritage Homes (MTH) Form 4 say about restricted stock units?
The Form 4 footnotes state that remaining balances reflect other holdings, including previously vested restricted stock units, and also identify a balance representing restricted stock units that are not yet vested. These details clarify that the insider’s stake includes multiple equity award types.