secwatch.observer — SEC 8-K summary
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Issuer:     Meritage Homes CORP (MTH)
CIK:        0000833079
Form:       8-K
Filed at:   2023-02-23T23:59:59+00:00
Accession:  0000833079-23-000072
Event type: other
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/833079/000083307923000072/0000833079-23-000072-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/833079/000083307923000072/mth-20230220.htm
  HTML page:      https://secwatch.observer/filing/0000833079-23-000072

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer