Meritage Homes Insider Filing: Lord Retains 221,320 Indirect Shares

Rhea-AI Filing Summary

Philippe Lord, a director and the Chief Executive Officer of Meritage Homes Corporation (MTH), reported a sale of 6,950 common shares on 08/22/2025 at $80.01 per share. The sale was reported as the disposition of shares held by a charitable foundation controlled by Mr. Lord; the filing states he disclaims beneficial ownership of the foundation's shares because he has no pecuniary interest.

The Form 4 shows Mr. Lord retains significant holdings indirectly: 221,320 shares (including 65,520 in a family limited partnership and 155,800 in a limited liability company) and an additional 107,254 restricted stock units that are not vested. The filing was signed by an attorney-in-fact on Mr. Lord's behalf.

Positive

• Continued substantial ownership: Mr. Lord retains 221,320 indirect shares across family entities and an additional 107,254 unvested RSUs, indicating ongoing alignment with shareholders.
• Clear disclosure: The Form 4 itemizes ownership vehicles (family limited partnership and LLC) and quantifies holdings, improving transparency.

Negative

• Disposition reported: A sale of 6,950 shares at $80.01 was executed by a charitable foundation controlled by Mr. Lord, reducing foundation-held stock.

Insights

Financial Analyst

TL;DR: Small block sale by an insider-affiliated foundation; CEO still holds a substantial indirect stake in MTH.

The reported sale of 6,950 shares at $80.01 was executed through a charitable foundation controlled by Mr. Lord, and the filing explicitly disclaims his beneficial ownership of those foundation-held shares. Post-transaction beneficial holdings total 221,320 shares held indirectly across a family limited partnership and an LLC, plus 107,254 unvested restricted stock units. From an investor-impact perspective, the transaction reduces foundation-held stock but leaves the CEO with a sizeable economic interest, implying limited immediate change to his overall ownership stake.

Corporate Governance Expert

TL;DR: Transaction follows common governance patterns; disclosure clarifies beneficial ownership and role of related entities.

The Form 4 clearly identifies Mr. Lord's roles as director and CEO and distinguishes direct/indirect holdings. The sale is attributed to a controlled charitable foundation with a formal disclaimer of pecuniary interest, which is a standard disclosure practice. The filing notes specific ownership vehicles (family limited partnership and LLC) and quantifies both vested and unvested holdings, supporting transparency about potential influence and alignment with shareholders.

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
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

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)
08/22/2025

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	08/22/2025		S		6,950(1)	D	$80.01	221,320(2)(3)	I	Limited Partnership and Limited Liability Company
MTH Common Shares								107,254(4)	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 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.

2. Balance reflects all other holdings, including restricted stock units that have previously vested.

3. 65,520 shares are held by a family limited partnership controlled by Mr. Lord and 155,800 shares are held by a limited liability company controlled by Mr. Lord.

4. Balance represents restricted stock units not vested.

Remarks:

	/s/ Alison Sasser, attorney-in-fact for Phillippe Lord	08/22/2025
	** 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

What insider transaction did Philippe Lord report for MTH on 08/22/2025?

The Form 4 reports a sale of 6,950 Meritage Homes (MTH) common shares on 08/22/2025 at a price of $80.01 per share by a charitable foundation controlled by Mr. Lord.

Does Philippe Lord still own shares of Meritage Homes after the transaction?

Yes. Following the reported transaction, Mr. Lord is reported to beneficially own 221,320 shares indirectly (in a family limited partnership and an LLC) and holds 107,254 restricted stock units that are unvested.

Did Philippe Lord claim beneficial ownership of the shares sold by the charitable foundation?

No. The filing states Mr. Lord disclaims beneficial ownership of the shares held by the charitable foundation because he has no pecuniary interest in those shares.

What ownership vehicles are disclosed in the Form 4 for Mr. Lord?

The Form 4 discloses that 65,520 shares are held by a family limited partnership controlled by Mr. Lord and 155,800 shares are held by a limited liability company he controls; it also lists unvested restricted stock units of 107,254.

Who signed the Form 4 filing for Philippe Lord?

The Form 4 was signed by Alison Sasser, attorney-in-fact for Phillippe Lord on 08/22/2025.