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...

Current Market Cap

$6.47B

Number of Employees

1.84K

Total Compensation

2022 - 2022

Trending up by 0.00% last year
Showing total compensation for the last 2022 - 2022

Stock

Up by 0.00% last year

Salary

Up by 0.00% last year

Bonus

Up by 0.00% last year

Other

Up by 0.00% last year

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.

SEC Filing

From March 24, 2023