HILTON STEVEN J 4

What Happened
Steven J. Hilton, Executive Chairman and Director of Meritage Homes (MTH), reported the acquisition of 5,925 shares on Feb 20, 2026. The Form 4 lists this as an award/grant (code A) with an acquisition price of $0.00 — these represent performance-based restricted stock units (RSUs) that vested after achievement of pre-specified performance targets (footnote F1). This is an award/compensation event, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-20; Form 4 filed: 2026-02-23 (filed within the two-business-day reporting window).
• Transaction type/price: Award (A) — 5,925 shares acquired at $0.00.
• Footnote F1: Vesting of performance-based RSUs upon achievement of targets.
• Holdings noted in the filing (footnote F3): 766,438 shares held by family trusts controlled by Mr. Hilton (26,850 of those he disclaims beneficial ownership of) and 80,000 shares held by a charitable foundation he controls (disclaimed). Footnotes F2/F4 reference other vested and unvested RSUs.
• No indication this was a cashless exercise, sale, or gift; no 10b5-1 plan or tax-withholding item was listed in the provided notes.

Context
This transaction reflects compensation tied to company performance (vesting RSUs). Such awards are routine parts of executive pay and do not by themselves indicate insider buying or selling sentiment. Retail investors should view this as an earned equity grant that increases the insider’s vested shareholdings, not as a market purchase.