Lord Phillippe 4

What Happened

• Lord Phillippe, CEO of Meritage Homes (MTH), received a grant of 48,907 restricted stock units (RSUs) on March 23, 2026. The award is reported at $0.00 per share (standard for RSU grants) and will not convert to shares until vesting.
• Per the filing, the RSUs will fully vest on March 15, 2029. This is an award (A) rather than a purchase or sale — common for executive compensation and not an immediate market signal.

Key Details

• Transaction date: March 23, 2026; Form 4 filed March 25, 2026 (appears timely).
• Grant size: 48,907 RSUs; reported acquisition price $0.00 (award).
• Vesting: Fully vests on March 15, 2029 (Footnote F1).
• Holdings: Footnotes indicate balances of unvested RSUs (F2) and other holdings including previously vested RSUs (F4). All shares are held in family limited partnerships controlled by Mr. Lord (F3). The filing does not state a single total "shares owned following the transaction" in the provided summary.
• No indication of a sale, exercise, gift, or tax withholding associated with this grant in the reported transaction.

Context

• RSU grants are deferred compensation: they represent a future entitlement to company shares if vesting conditions are met and are not an immediate purchase or sale. Such awards are routine for executives and are intended as retention and incentive compensation rather than a direct market-timing signal.