CREEK PHILLIP G 4
Research Summary
AI-generated summary
M/I Homes Director Phillip Creek Receives Award, Sells Shares
What Happened
- Phillip G. Creek, a director and former VP/CFO of M/I Homes (MHO), had 15,324 shares issued upon the vesting of performance share units on Feb 11, 2026 (valued at $145.39 each, $2,227,956 total) and was granted 12,036 restricted share units the same day. On Feb 12, 2026 he sold 8,616 shares in an open-market transaction at $146.80 each for $1,264,855. The filing shows the awards were acquisitions (A) and the sale was a disposition (S).
Key Details
- Transaction dates and prices:
- Feb 11, 2026: 15,324 shares acquired @ $145.39 (value $2,227,956) — vesting of PSUs (footnote F1).
- Feb 11, 2026: 12,036 RSUs granted @ $0.00 (footnote F2).
- Feb 12, 2026: 8,616 shares sold @ $146.80 (proceeds $1,264,855).
- Footnotes:
- F1: The 15,324 shares were issued upon vesting of performance share units and settled one-for-one in common shares.
- F2: The 12,036 restricted share units vest in three equal annual installments beginning Feb 11, 2027.
- Shares owned after the transactions: Not specified in the provided filing.
- Filing timeliness: Form 4 was filed Feb 13, 2026; based on transaction dates (Feb 11–12) this filing appears timely.
Context
- These were awards (PSUs and RSUs) rather than purchases; the PSUs vested and were converted to common stock, and a portion of shares was sold the next day. The filing does not state a reason for the sale (e.g., tax withholding, diversification), so no motive is implied.