Phillippe Lord - 28 Feb 2022 Form 4 Insider Report for Meritage Homes CORP (MTH)

Role: Chief Executive Officer, Director
Signature: /s/ Alison Sasser, attorney-in-fact for Phillippe Lord
Issuer symbol: MTH
Transactions as of: 28 Feb 2022
Net transactions value: $0
Form type: 4
Filing time: 02 Mar 2022, 12:03:27 UTC
Previous filing: 04 Aug 2021
Next filing: 04 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MTH	MTH Common Shares	Award	$0	+18,259	+57%	$0.000000	50,287	28 Feb 2022	Direct	F1, F2
transaction	MTH	MTH Common Stock	Options Exercise	$0	+10,491	+45%	$0.000000	33,805	01 Mar 2022	Direct	F3
transaction	MTH	MTH Common Stock	Award	$0	+22,435	+66%	$0.000000	56,240	01 Mar 2022	Direct	F3, F4
holding	MTH	M/TH COMMON STOCK						46,660	28 Feb 2022	Limited Partnership	F4, F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	MTH	Performance Rights	Options Exercise	$0	-10,491	-100%	$0.000000^*	0	01 Mar 2022	MTH Common Shares	10,491	$0.000000	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents grant of restricted share units. The shares were granted according to a three-year cliff vesting schedule.
F2	Balance represents restricted stock units not vested.
F3	Represents vesting of restricted stock units upon achievement of pre-specified performance targets.
F4	Balance reflects all other holdings, including restricted stock units that have previously vested.
F5	All shares are held in a family limited partnership controlled by Mr. Lord.