Meritage Homes raises 2023 compensation targets for top executives; increases max payout caps

Meritage Homes CORP

CEO Lord: base salary unchanged at $900k; PSA/RSU target increased to $2.025M each; max payout cap raised to 200%.
CFO Sferruzza: target bonus increased to $1.26875M (175% of base, up from 125%); PSA/RSU target $725k each.
COO Szubinski: target annual cash bonus increased to $1.625M.
General Counsel Clinton and CPO Feliciano: equity targets raised to $412k and $322.5k, respectively.
For all NEOs: max payout for 2023 equity awards raised from 150% to 200%; cash bonus cap raised from 200% to 250%.

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