Meritage Homes raises target pay for CEO Lord and three other executives
On March 23, 2026, Meritage Homes' Executive Compensation Committee approved higher target cash bonuses and equity awards for CEO Phillippe Lord, CFO Hilla Sferruzza, General Counsel Malissia Clinton and Chief People Officer Javier Feliciano, effective January 1, 2026. Executive Chairman Steven Hilton and Austin Woffinden's compensation was unchanged. The filing describes the increases as allowed under each executive's employment agreement and does not state prior amounts, so the size of the change cannot be measured.
Key points
- Lord's revised annual target cash bonus is $4,000,000 and target equity award is $6,000,000
- Sferruzza's revised target cash bonus is $1,600,000; Clinton's is $756,000; Feliciano's is $412,000 cash and $901,250 equity
- About 50% of equity awards are time-based restricted stock units and about 50% are performance-based shares
- Performance shares are weighted 70% on adjusted return on equity and 30% on three-year relative total shareholder return versus peers
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:59 AM ET, from the text of the filing and its press-release exhibits 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 26, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.