Sundar PichaiSundar Pichai earned $164M in 2023

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...

Quick Links
M

Phillipe Lord

CEO of Meritage Homes

Education

Not specified

Field of Expertise

Business & Management

Sector of Economy

Consumer Cyclical

CEO of Meritage Homes for

4 years 3 months (Jan 2021 - Present)

Previous Experience

Previously served as Chief Operating Officer of Meritage Homes Corporation.

Holdings

See how much did Phillipe Lord make over time.

Phillipe Lord's insider trading activity reflects significant investments in Meritage Homes. In 2019, he consistently traded shares worth over $1 million, with monthly values fluctuating around these levels. By 2020, his trading peaked, notably hitting $3.8 million in August and...

Total Stock Sold

$19.72M

MTH

$19.72M

399,224 MTH shares

What if they kept their stock?

If Phillipe Lord didn't sell their stock, today they would have:
Extra MTH399,224 shares worth $9.00M.
This is -54.34% and $10.71M less than what they got when they sold the stock.

Charitable Transactions

MTH

11,000 shares

MTH

Recent Charitable Transactions

MTH

3,950 shares

MTH

Mar 10, 2025

Charity

MTH

1,500 shares

MTH

Aug 27, 2024

Charity

MTH

2,500 shares

MTH

Feb 2, 2024

Charity

MTH

1,500 shares

MTH

Dec 11, 2019

Charity

Insider Trading

See recent insider trades of Phillipe Lord.

MTH

3,950 shares

MTH

Mar 10, 2025

Charity

MTH

3,950 shares

MTH

Mar 10, 2025

Charity

MTH

$2.59M

MTH at $71.59/share

Feb 28, 2025

Sale

MTH

47,387 shares

MTH

Feb 28, 2025

Received

MTH

37,066 shares

MTH

Feb 20, 2025

Received

MTH

1,500 shares

MTH

Aug 27, 2024

Charity

MTH

1,500 shares

MTH

Aug 27, 2024

Charity

MTH

$2.02M

MTH at $201.55/share

Jul 26, 2024

Sale

MTH

$406.98K

MTH at $162.79/share

Mar 13, 2024

Sale

MTH

$2.89M

MTH at $159.40/share

Mar 1, 2024

Sale

Compensation History

See how much did Phillipe Lord make over time.

In 2022, Phillipe Lord's total compensation as CEO of Meritage Homes was about $10.8 million. This included a base salary of $900,000 and a hefty bonus of $5.6 million tied to achieving specific performance goals like home closings and customer satisfaction. His stock compensation was impressive as well; Lord was granted vested stock valued at $17.5 million, reflecting both his leadership over the company and alignment with shareholders' interests. His compensation package indicates a strong focus on performance, encouraging him to drive the company forward while ensuring his rewards come from the company's success. This structure not only motivates him but also keeps the focus on long-term growth and stability in the housing market. Overall, his compensation highlights the confidence the board has in his ability to lead and perform.

Year

2022

Total Compensation

$24.11M

Salary

$900.00K

Board Justification

The executive compensation program is designed to drive and reward superior corporate performance while being competitive with peer companies, with a strong focus on pay-for-performance.

Bonus

$5.63M

Board Justification

The bonus is based on the achievement of performance goals established by the Compensation Committee, with payouts contingent on performance metrics including Adjusted EBITDA, number of home closings, and customer satisfaction rating for the year 2023.

Other

$62.53K

Board Justification

Other compensation includes health and insurance premiums, 401(k) match, and other benefits as outlined in the employment agreement.

Restricted Stock

$17.53M(100.61K RSU)

Board Justification

The vested stock includes time-based restricted stock units that cliff vest on the third anniversary of the grant date, with the total value calculated based on the closing price of the Company’s stock on the last business day of 2023.

Performance Metrics

The performance metrics for the CEO's compensation in 2022 included Adjusted EBITDA, number of home closings, and customer satisfaction rating.

Other Meritage Homes CEOs

Here are other CEOs of Meritage Homes