Lord Phillippe 4
4 · Meritage Homes CORP · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
Meritage Homes (MTH) CEO Lord Phillippe Sells 5,000 Shares
What Happened Lord Phillippe, CEO of Meritage Homes (MTH), transferred 5,000 shares to a charitable foundation he controls and the foundation sold 5,000 shares in the open market on Feb 18, 2026. The sale totaled approximately $400,350 at a weighted average price of $80.07 per share (sales ranged $80.05–$80.15). The gift and subsequent sale were reported on a Form 4 filed Feb 19, 2026.
Key Details
- Transaction date: 2026-02-18 (filed 2026-02-19).
- Sale: 5,000 shares disposed by the charitable foundation at a weighted average price of $80.07; total proceeds ≈ $400,350. Price range of executions: $80.05–$80.15 (reporting person to provide breakdown on request).
- Gift/Transfer: 5,000 shares transferred from Mr. Lord’s direct holdings to a charitable foundation he controls.
- Reported holdings: post-transaction balance references 216,320 shares held by family limited partnerships controlled by Mr. Lord and 5,000 shares held by the charitable foundation; Mr. Lord disclaims beneficial ownership of the foundation’s shares (no pecuniary interest).
- Relevant footnotes: F1 (gift to foundation), F2 (composition of balance and disclaimer), F3 (sale executed by foundation), F4 (weighted average price / range).
- Timeliness: Form 4 was filed the day after the transactions (appears timely under Form 4 rules).
Context
- Gifts to a foundation and sales by that foundation do not necessarily signal the insider’s personal view of the company’s stock — Mr. Lord disclaims beneficial ownership of the foundation’s shares and has no pecuniary interest in them.
- This filing shows a disposition (sale) rather than a purchase; purchases are typically more indicative of bullish insider sentiment.
Insider Transaction Report
Form 4
Lord Phillippe
DirectorChief Executive Officer
Transactions
- Gift
MTH Common Stock
[F1]2026-02-18−5,000→ 0 total - Gift
MTH Common Stock
[F1][F2]2026-02-18+5,000→ 221,320 total(indirect: By Partnership) - Sale
MTH Common Stock
[F3][F4][F5][F6]2026-02-18$80.07/sh−5,000$400,350→ 216,320 total(indirect: By Partnership)
Holdings
- 107,254
MTH Common Shares
[F7]
Footnotes (7)
- [F1]Represents a gift from the direct holdings of Mr. Lord to a charitable foundation controlled by Mr. Lord.
- [F2]Balance includes 216,320 shares held by family limited partnerships controlled by Mr. Lord and 5,000 shares held by a charitable foundation controlled by Mr. Lord. Mr. Lord disclaims beneficial ownership of the shares held by the charitable foundation as he has no pecuniary interest in such shares.
- [F3]Represents the sale of shares by a charitable foundation controlled by Mr. Lord. Mr. Lord disclaims beneficial ownership of the shares held by the charitable foundation as he has no pecuniary interest in such shares.
- [F4]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $80.05 to $80.15, 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.
- [F5]Balance reflects all other holdings, including restricted stock units that have previously vested.
- [F6]All shares are held by family limited partnerships controlled by Mr. Lord.
- [F7]Balance represents restricted stock units not vested.
Signature
/s/ Alison Sasser, attorney-in-fact for Phillippe Lord|2026-02-19