MTH Meritage Homes CORP

Did the company actually spend money buying back stock in 3+ of the last 4 quarters?

Bought back stock in 3/4 quarters. Q1 2026: $45M, Q3 2025: $30M, Q2 2025: $0M, Q1 2025: $56M

Is the most recent quarter's buyback spend more than 15% above the trailing average?

Latest quarter $45M vs trailing avg $29M (+57%)

What percentage of free cash flow is going to buybacks? Bull: 30%+. Bear: negative FCF or no buybacks.

Buyback $131M / FCF $244M = 54% of FCF

How fast are they shrinking the float? Bull: 2%+ annually. Bear: under 0.5%.

Missing shares repurchased or outstanding data

Are officers and directors buying stock with their own money on the open market?

3 open-market purchases by 2 insiders

• ARRIOLA DENNIS V () bought 2,200 shares at $70.00 on 2025-07-25
• Keough Joseph () bought 4,000 shares at $66.16 on 2025-06-12
• ARRIOLA DENNIS V () bought 20 shares at $77.21 on 2024-12-31

Are both company buybacks and insider buying independently active? Bull when the company is buying back stock in 2+ quarters and insiders have made 2+ open-market purchases.

Company buybacks in 3 quarters and 3 insider purchases by 2 insiders (no calendar overlap, but both independently active)

Over the last 90 days, are insiders net buyers or net sellers on the open market?

Insiders bought $0M, sold $5M in the last 90 days (net selling)

Active buyback + insiders net selling 3x+ more than buying. Company cash may be supporting price while insiders exit.

Company buying back stock while insiders sold 14.2x more than bought. 4 C-suite officers among sellers

• Feliciano Javier (EVP Chief People Officer) sold 2,910 shares on 2026-02-23
• Feliciano Javier (EVP Chief People Officer) sold 555 shares on 2026-02-23
• Feliciano Javier (EVP Chief People Officer) sold 115 shares on 2026-02-23
• Sferruzza Hilla (EVP- Chief Financial Officer) sold 5,110 shares on 2026-02-23
• Sferruzza Hilla (EVP- Chief Financial Officer) sold 5,618 shares on 2026-02-23
• Sferruzza Hilla (EVP- Chief Financial Officer) sold 200 shares on 2026-02-23
• Sasser Alison (SVP - Chief Accounting Officer) sold 151 shares on 2026-02-24
• Lord Phillippe (Chief Executive Officer) sold 6,688 shares on 2026-02-23
• Lord Phillippe (Chief Executive Officer) sold 25,963 shares on 2026-02-23
• Lord Phillippe (Chief Executive Officer) sold 169 shares on 2026-02-23