Steven J. Hilton - 01 Mar 2024 Form 4 Insider Report for Meritage Homes CORP (MTH)

Signature
/s/ Alison Sasser, attorney-in-fact for Steven J. Hilton
Issuer symbol
MTH
Transactions as of
01 Mar 2024
Net transactions value
-$745,243
Form type
4
Filing time
05 Mar 2024, 16:33:47 UTC
Previous filing
26 Feb 2024
Next filing
27 Nov 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MTH MTH Common Stock Award $0 +5,905 +1.5% $0.000000 393,676 01 Mar 2024 HELD IN FAMILY TRUSTS F1
transaction MTH MTH Common Stock Sale $572,227 -3,621 -0.92% $158.03 390,055 04 Mar 2024 HELD IN FAMILY TRUSTS F2, F3
transaction MTH MTH Common Stock Sale $78,601 -495 -0.13% $158.79 389,560 04 Mar 2024 HELD IN FAMILY TRUSTS F2, F4
transaction MTH MTH Common Stock Sale $54,029 -338 -0.09% $159.85 389,222 04 Mar 2024 HELD IN FAMILY TRUSTS F2, F5
transaction MTH MTH Common Stock Sale $40,386 -251 -0.06% $160.90 388,971 04 Mar 2024 HELD IN FAMILY TRUSTS F2, F6, F7, F8
holding MTH MTH Common Stock 12,971 01 Mar 2024 Direct F9
* 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 $158.43, 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 $158.46 to $159.34, 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 $159.50 to $160.15, 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 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $160.86 to $161.37, 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.
F7 Balance reflects all other holdings, including restricted stock units that have previously vested.
F8 17,000 shares are held in a charitable remainder trust controlled by Mr. Hilton.
F9 Balance represents restricted stock units not vested.