Clinton Szubinski - Mar 1, 2024 Form 4 Insider Report for Meritage Homes CORP (MTH)

Signature
/s/ Alison Sasser, attorney-in-fact for Clinton Szubinski
Stock symbol
MTH
Transactions as of
Mar 1, 2024
Transactions value $
-$1,156,678
Form type
4
Date filed
3/5/2024, 04:33 PM
Previous filing
Feb 26, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MTH MTH Common Stock Award $0 +9.87K +80.11% $0.00 22.2K Mar 1, 2024 Direct F1
transaction MTH MTH Common Stock Sale -$869K -5.5K -24.79% $157.98 16.7K Mar 4, 2024 Direct F2, F3
transaction MTH MTH Common Stock Sale -$222K -1.4K -8.39% $158.75 15.3K Mar 4, 2024 Direct F2, F4
transaction MTH MTH Common Stock Sale -$65.4K -407 -2.66% $160.64 14.9K Mar 4, 2024 Direct F2, F5, F6
holding MTH MTH Common Shares 20K Mar 1, 2024 Direct F7
* 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 $157.45 to $158.39, 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 $158.51 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 $160.02 to $160.86, 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 Balance represents restricted stock units not vested.