Lord Phillippe 4

What Happened Phillippe Lord, CEO of Meritage Homes, was credited with 39,341 shares on 2026-02-20 as an award/acquisition (reported at $0.00). The filing indicates these shares represent the vesting of performance-based restricted stock units after specified performance targets were met. This was an award/vesting event (compensation), not an open-market purchase or sale.

Key Details

• Transaction date: February 20, 2026; Form 4 filed February 23, 2026.
• Transaction type: Award/Grant (A); shares acquired: 39,341; reported price: $0.00.
• Shares owned after transaction: Not specified in the provided filing summary.
• Footnotes: F1 = vesting of performance-based RSUs on achievement of targets; F2 = balance reflects other holdings including previously vested RSUs; F3 = shares held in family limited partnerships controlled by Mr. Lord; F4 = balance represents unvested RSUs.
• Filing timeliness: No late-filing flag provided in the supplied information.

Context Performance-based restricted stock units vest when preset performance metrics are met; such awards are part of executive compensation and do not reflect an open-market investment decision. The shares may be subject to transfer or holding restrictions and, per the filing, some holdings are held in family limited partnerships.