Phillippe Lord - 20 Feb 2023 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: 20 Feb 2023
Net transactions value: $0
Form type: 4
Filing time: 22 Feb 2023, 15:33:17 UTC
Previous filing: 03 Feb 2023
Next filing: 23 Feb 2023
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	+18,774	+52%	$0.000000	54,601	20 Feb 2023	Direct	F1, F2
transaction	MTH	MTH Common Stock	Options Exercise	$0	+21,378	+49%	$0.000000	65,289	21 Feb 2023	Direct	F3, F4
holding	MTH	M/TH COMMON STOCK						46,660	20 Feb 2023	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	-21,378	-100%	$0.000000^*	0	21 Feb 2023	MTH Common Shares	21,378	$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 will fully vest on the third anniversary of the date of grant.
F2	Balance represents restricted stock units not vested.
F3	Represents vesting of performance-based 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.