Phillippe Lord - 01 Mar 2024 Form 4 Insider Report for Meritage Homes CORP (MTH)

Signature
/s/ Alison Sasser, attorney-in-fact for Phillippe Lord
Issuer symbol
MTH
Transactions as of
01 Mar 2024
Net transactions value
-$2,866,820
Form type
4
Filing time
05 Mar 2024, 16:32:01 UTC
Previous filing
26 Feb 2024
Next filing
13 Mar 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MTH M/TH COMMON STOCK Award $0 +24,466 +25% $0.000000 120,885 01 Mar 2024 Limited Partnership, Limited Liability Company and Charitable Foundation F1
transaction MTH M/TH COMMON STOCK Sale $2,277,268 -14,414 -12% $157.99 106,471 04 Mar 2024 Limited Partnership, Limited Liability Company and Charitable Foundation F2, F3
transaction MTH M/TH COMMON STOCK Sale $451,020 -2,840 -2.7% $158.81 103,631 04 Mar 2024 Limited Partnership, Limited Liability Company and Charitable Foundation F2, F4
transaction MTH M/TH COMMON STOCK Sale $106,360 -665 -0.64% $159.94 102,966 04 Mar 2024 Limited Partnership, Limited Liability Company and Charitable Foundation F2, F5
transaction MTH M/TH COMMON STOCK Sale $32,172 -200 -0.19% $160.86 102,766 04 Mar 2024 Limited Partnership, Limited Liability Company and Charitable Foundation F2, F6, F7
holding MTH MTH Common Shares 53,353 01 Mar 2024 Direct F8
* 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 vesting of performance-based restricted stock units upon achievement of pre-specified performance targets.
F2 Represents sale of shares to cover required tax withholdings under a 10b5-1 plan.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $157.46 to $158.45, 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.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $158.48 to $159.33, 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.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $159.68 to $160.23, 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.
F6 Balance reflects all other holdings, including restricted stock units that have previously vested.
F7 42,760 shares are held by a family limited partnership controlled by Mr. Lord, 57,506 shares are held by a limited liability company controlled by Mr. Lord, and 2,500 shares are held by a charitable foundation controlled by Mr. Lord. Mr. Lord disclaims beneficial ownership of the share held by the charitable foundation as he has no pecuniary interest in such shares.
F8 Balance represents restricted stock units not vested.