Hilla Sferruzza - 28 Feb 2022 Form 4 Insider Report for Meritage Homes CORP (MTH)

Role: Chief Financial Officer
Signature: /s/ Alison Sasser, attorney-in-fact for Hilla Sferruzza
Issuer symbol: MTH
Transactions as of: 28 Feb 2022
Transactions value $: $0
Form type: 4
Filing time: 02 Mar 2022, 12:00:20 UTC
Previous filing: 09 Dec 2021
Next filing: 04 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MTH	MTH Common Shares	Award	$0	+7.35K	+44.36%	$0.00	23.9K	28 Feb 2022	Direct	F1, F2
transaction	MTH	MTH Common Stock	Options Exercise	$0	+6.19K	+16.51%	$0.00	43.7K	01 Mar 2022	Direct	F3
transaction	MTH	MTH Common Stock	Award	$0	+13.2K	+30.29%	$0.00	56.9K	01 Mar 2022	Direct	F3, F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	MTH	Performance Rights	Options Exercise	$0	-6.19K	-100%	$0.00^*	0	01 Mar 2022	MTH Common Shares	6.19K	$0.00	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents grant of restricted share units. The shares were granted according to a three-year cliff vesting schedule.
F2	Balance represents restricted stock units not vested.
F3	Represents vesting of restricted stock units upon achievement of pre-specified performance targets.
F4	Balance reflects all other holdings, including restricted stock units that have previously vested.