MTH · Meritage Homes Corporation

Summary

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

• Executive Compensation Committee approved 2026 compensation changes on March 23, 2026
• Phillippe 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
• Hilla 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
• Malissia Clinton (EVP/General Counsel): Target cash bonus to $756,000 (from $560,000), equity target $952,000 unchanged, base salary $560,000 unchanged
• Javier 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
• Equity awards approximately 50% time-based RSUs and 50% performance-based (70% adjusted ROE, 30% relative TSR)