Phillipe Lord has been the CEO of Meritage Homes Corporation since January 1, 2021, after serving as the Chief Operating Officer. He's been with the company for over a decade, holding various positions, including Western Region President. His experience in...
Phillipe Lord has been the CEO of Meritage Homes Corporation since January 1, 2021, after serving as the Chief Operating Officer. He's been with the company for over a decade, holding various positions, including Western Region President. His experience in homebuilding and land development has shaped his leadership style. Under his guidance, Meritage Homes focuses on performance-based goals, emphasizing growth in sales and customer satisfaction. Recently, in 2022, his total compensation reached an impressive $10.8 million, which included a substantial bonus driven by high performance metrics like Adjusted EBITDA and customer satisfaction ratings. His vested stock alone was valued at $17.5 million for the same year, showing strong alignment with shareholder interests. Lord is no stranger to market fluctuations either; his insider trading habits reveal he consistently trades millions in company stock, with some months peaking over $10 million. His strategic moves in both company performance and stock trading illustrate a deep understanding of the housing market and investor expectations.