AX PETER L 4

What Happened

• Peter L. Ax, a director of Meritage Homes Corp. (MTH), received a grant of 3,100 restricted stock units (RSUs) on February 19, 2026. The Form 4 reports an acquisition at $0.00 per share (this reflects an award/grant rather than a cash purchase), so no cash was paid in the transaction. The RSUs are subject to vesting (see footnote below).

Key Details

• Transaction date: 2026-02-19; Filing date: 2026-02-23 (filed within the typical 2-business-day Form 4 window).
• Transaction type/code: Award/Grant (A); reported price: $0.00; shares granted: 3,100 RSUs.
• Shares owned after transaction: not specified in the filing summary provided.
• Footnotes from the filing:
  • F1: Grant represents restricted stock units that will fully vest on the third anniversary of the grant date.
  • F2: Balance line in the filing reflects restricted stock units not yet vested.
  • F3: Balance line reflects other holdings, including RSUs that have previously vested.

Context

• This was an equity award (RSUs), not an open-market purchase or sale. Awards are commonly part of director compensation and indicate retention/compensation policy rather than a direct buy/sell market signal.
• The RSUs vest over time (fully vesting on the third anniversary), so the economic benefit to the insider is tied to continued service and future vesting conditions.