8-K - Meritage Homes Corporation | StockGist

AI Analysis

AI-generated analysis. Always verify with the original filing.

On March 23, 2026, Meritage Homes Corporation's Executive Compensation Committee approved increases in target annual cash incentive bonuses and certain equity compensation targets for CEO Phillippe Lord, EVP/CFO Hilla Sferruzza, EVP/General Counsel Malissia Clinton, and EVP/Chief People Officer Javier Feliciano, effective January 1, 2026, per their employment agreements. Base salaries for all executives remained unchanged, and compensation for Executive Chairman Steven J. Hilton and EVP Austin Woffinden was unchanged.

Key Takeaways

1Executive Compensation Committee approved 2026 compensation changes on March 23, 2026

2Phillippe Lord (CEO): Target cash bonus to $4,000,000 (from $3,250,000), equity target to $6,000,000 (from $5,500,000), base salary $1,000,000 unchanged

3Hilla Sferruzza (EVP/CFO): Target cash bonus to $1,600,000 (from $1,400,000), equity target $1,800,000 unchanged, base salary $800,000 unchanged

4Malissia Clinton (EVP/General Counsel): Target cash bonus to $756,000 (from $560,000), equity target $952,000 unchanged, base salary $560,000 unchanged

5Javier Feliciano (EVP/Chief People Officer): Target cash bonus to $412,000 (from $386,250), equity target to $901,250 (from $849,750), base salary $515,000 unchanged

6Equity awards approximately 50% time-based RSUs and 50% performance-based (70% adjusted ROE, 30% relative TSR)

Current Report Details

Event Type

Management Change

Exhibits Only

Disclosure

Mandatory

Variant

8-K

Items Reported

5.02

DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS On March 23, 2

Management Change

$4.0M$1600.00B$756.0K$412.0K

9.01

FINANCIAL STATEMENTS AND EXHIBITS (d) Exhibits Exhibit Number Description 10.1 Phillippe Lord - Notice of Approved 2026 Compensation 10.2 Hilla Sferruzza - Noti

Exhibits Only

Executive & Director Changes

Phillippe Lord

Chief Executive Officer

Compensation increase

Effective: 2026-01-01

Hilla Sferruzza

Executive Vice President and Chief Financial Officer

Compensation increase

Effective: 2026-01-01

Malissia Clinton

Executive Vice President and General Counsel

Compensation increase

Effective: 2026-01-01

Javier Feliciano

Executive Vice President and Chief People Officer

Compensation increase

Effective: 2026-01-01

Steven J. Hilton

Executive Chairman

No change

Austin Woffinden

Executive Vice President, Corporate Operations and Strategy

No change

Exhibits (5)

10.1

EX-10.1

10.2

EX-10.2

10.3

EX-10.3

10.4

EX-10.4

8-K