Alison Sasser - Feb 13, 2024 Form 4 Insider Report for Meritage Homes CORP (MTH)

Signature
/s/ Alison Sasser
Stock symbol
MTH
Transactions as of
Feb 13, 2024
Transactions value $
-$54,177
Form type
4
Date filed
2/13/2024, 04:30 PM
Previous filing
Aug 2, 2023
Next filing
Feb 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MTH MTH Common Stock Sale -$54.2K -355 -29% $152.61 869 Feb 13, 2024 Direct F1, F2, F3
holding MTH MTH Common Shares 5.32K Feb 13, 2024 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
F1 Represents sale of shares to cover required tax withholdings under a 10b5-1 plan.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $152.59 to $153.31, 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 footnote (2).
F3 Balance reflects all other holdings, including restricted stock units that have previously vested.
F4 Balance represents restricted stock units not vested.