Meritage Homes Corporation announced compensation increases for several executive officers, effective January 1, 2025. The changes, approved by the Executive Compensation Committee, impact the base salaries, cash incentives, and equity compensation of the executives.

Hilla Sferruzza (Executive VP & CFO) and Clinton Szubinski (Executive VP & COO) will each receive a base salary of $800,000, while Malissia Clinton (Executive VP & General Counsel) and Javier Feliciano (Executive VP & Chief People Officer) will receive $560,000 and $515,000, respectively. Phillippe Lord (CEO) and Steven J. Hilton (Executive Chairman) will not see changes to their base salaries.

Annual cash incentive targets have been raised, with Phillippe Lord now eligible for $3,250,000, while other executives receive varying increases. Equity incentive compensation also increased, with Lord's set at $5,500,000. About 50% of the awards will be time-based restricted stock units, and 50% will be performance-based share awards.