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AI brief of an SEC Form 8-K · Meritage Homes (MTH)

Meritage Homes raises 2025 pay for five executives, CEO salary unchanged

Neutral Impact 2 of 5 leadership Written later

On March 7, 2025, Meritage Homes' Compensation Committee approved higher pay for five executives, including CEO Phillippe Lord, under their existing employment agreements. The changes cover base salary, target annual cash bonuses and target equity awards, and the base salary increases are effective January 1, 2025.

Key points

  • CEO Phillippe Lord's target annual cash incentive rises to $3,250,000 and target equity to $5,500,000; his base salary is unchanged.
  • CFO Hilla Sferruzza's base salary is $800,000, with a target cash incentive of $1,400,000 and target equity of $1,800,000.
  • About 50% of equity award value will be time-based restricted stock units and about 50% performance-based share awards.
  • Executive Chairman Steven J. Hilton's compensation remains unchanged.

The filing

CompanyMeritage Homes (MTH)
Form8-K, current report
Filed with the SECMar 7, 2025, 5:16 PM ET
Accession number0000833079-25-000069

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:00 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 07, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.