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Meritage Homes Executive Compensation (FY25)

MTH · Scottsdale, AZ · Executive and director compensation, fiscal 2022 to 2025
Data as of September 7, 2026Latest filing (8-K): May 21, 2026
263 figures on this page: 252 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
Total compensation for Phillippe Lord, Chief Executive Officer, came to $8,114,286 in fiscal 2025, and compared with the $11,974,134 reported for fiscal 2024, Lord's total was 32.2% lower. The company reported a chief executive pay ratio of 64:1 for fiscal 2025, against median employee compensation of $127,120. The say-on-pay proposal drew 96.8% of votes cast for or against in favor at the meeting held May 21, 2026 for fiscal 2025. The disclosed peer group includes Beazer Homes USA, Inc., Century Communities, Inc., D.R. Horton, Inc., Hovnanian Enterprises, Inc. and KB Home, among others.
Chief executive, fiscal 2025
◇
Phillippe Lord
Median of the other named officers
$2,333,253
5 officers, excluding the chief executive
Latest say-on-pay support
=
May 21, 2026
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Phillippe Lord: $11,974,134 → $8,114,286 (32.2% lower)
CEO pay ratio: 88:1 → 64:1 (27.3% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Meritage Homes' chief executive and what were they paid?
Total compensation for Phillippe Lord, Chief Executive Officer, came to $8,114,286 in fiscal 2025. Compared with the $11,974,134 reported for fiscal 2024, Lord's total was 32.2% lower.
What was Meritage Homes' say-on-pay result?
The say-on-pay proposal drew 96.8% of votes cast for or against in favor at the meeting held May 21, 2026 for fiscal 2025.
Which companies are in Meritage Homes' peer group?
The disclosed peer group includes Beazer Homes USA, Inc., Century Communities, Inc., D.R. Horton, Inc., Hovnanian Enterprises, Inc. and KB Home, among others.
What is Meritage Homes' chief executive pay ratio?
The company reported a chief executive pay ratio of 64:1 for fiscal 2025, against median employee compensation of $127,120.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Phillippe Lord
Chief Executive Officer
◇—◇—◇—◇◇
Clint Szubinski
EVP and COO
◇—◇—◇—◇◇
Hilla Sferruzza
EVP and CFO
◇—◇—◇—◇◇
Malissia Clinton
Executive Vice President and General Counsel
◇—◇—◇—◇◇
Javier Feliciano
EVP and CPO
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Phillippe Lord
Chief Executive Officer
◇—◇—◇—◇◇
Clint Szubinski
EVP and COO
◇—◇—◇—◇◇
Hilla Sferruzza
EVP and CFO
◇—◇—◇—◇◇
Malissia Clinton
Executive Vice President and General Counsel
◇—◇—◇—◇◇
Javier Feliciano
EVP and CPO
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Phillippe Lord
Chief Executive Officer
◇—◇—◇—◇◇
Clint Szubinski
EVP and COO
◇—◇—◇—◇◇
Hilla Sferruzza
EVP and CFO
◇—◇—◇—◇◇
Malissia Clinton
Executive Vice President and General Counsel
◇—◇—◇—◇◇
Javier Feliciano
EVP and CPO
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Phillippe Lord
Chief Executive Officer
◇—◇—◇—◇◇
Hilla Sferruzza
Executive Vice President and Chief Financial Officer
◇—◇—◇—◇◇
Clint Szubinski
Former EVP and COO
Departed during or after this year
◇—◇———◇◇
Steven Hilton
Executive Chairman
◇—◇—◇—◇◇
Malissia Clinton
Executive Vice President and General Counsel
◇—◇—◇—◇◇
Javier Feliciano
Executive Vice President and Chief People Officer
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Clint SzubinskiRSU◇——◇——◇
Clint SzubinskiPSU◇◇◇—◇—◇
Hilla SferruzzaRSU◇——◇——◇
Hilla SferruzzaPSU◇◇◇—◇—◇
Javier FelicianoPSU◇◇◇—◇—◇
Javier FelicianoRSU◇——◇——◇
Malissia ClintonRSU◇——◇——◇
Malissia ClintonPSU◇◇◇—◇—◇
Phillippe LordPSU◇◇◇—◇—◇
Phillippe LordRSU◇——◇——◇
Steven J. HiltonPSU◇◇◇—◇—◇
Steven J. HiltonRSU◇——◇——◇
Fiscal 2022, 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Hilla SferruzzaRSU◇◇——
PSU◇◇——
RSU◇◇——
Malissia ClintonRSU◇◇——
RSU◇◇——
PSU◇◇——
Javier FelicianoRSU◇◇——
RSU◇◇——
PSU◇◇——
Phillippe LordRSU◇◇——
PSU◇◇——
RSU◇◇——
Steven HiltonPSU◇◇——
RSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Peter L. Ax
Lead independent director
◇◇————◇
Michael R. Odell
◇◇————◇
Deb Henretta
◇◇————◇
P. Kelly Mooney
◇◇————◇
Dana C. Bradford
◇◇————◇
Dennis V. Arriola
◇◇————◇
Erin Lantz
◇◇————◇
Joseph Keough
◇◇————◇
Louis E. Caldera
◇◇————◇
Geisha Williams
◇◇————◇
Steven J. Hilton and Phillippe Lord served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Lead independent director premium◇

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Beazer Homes USA, Inc. BZH
  • Century Communities, Inc. CCS
  • D.R. Horton, Inc. DHI
  • Hovnanian Enterprises, Inc. HOV
  • KB Home KBH
  • Lennar Corporation LEN
  • LGI Homes, Inc. LGIH
  • M/I Homes, Inc. MHO
  • NVR, Inc. NVR
  • Pulte Group, Inc. PHM
  • Taylor Morrison Home Corporation TMHC
  • Toll Brothers, Inc. TOL
  • TRI Point Group, Inc. symbol not shown

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 21, 2026=◇◇◇
2024May 22, 2025=◇◇◇
2023May 16, 2024=◇◇◇
2022May 18, 2023=◇◇◇
2021May 19, 2022=◇◇◇
2020May 27, 2021=◇◇◇
2019May 21, 2020=◇◇◇
2018May 17, 2019=◇◇◇
2017May 17, 2018=◇◇◇
2016May 19, 2017=◇◇◇
2015May 19, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact Meritage Homes disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Meritage Homes sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
263 figures on this page: 252 cited to the filing that reported them, 11 calculated from figures it prints.
252 cited to the filing
11 calculated from the filing

Documents cited

  1. 0000833079-26-000113
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0000833079-26-000098
    Director Compensation · Executive Compensation · Grants of Plan-Based Awards · Pay Ratio Disclosure
  3. 0000833079-25-000102
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0000833079-25-000081
    Summary Compensation Table
  5. 0000833079-24-000082
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0000833079-24-000071
    Summary Compensation Table
  7. 0000833079-23-000109
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0000833079-23-000083
    Summary Compensation Table
  9. 0000833079-22-000073
  10. 0000833079-21-000103
  11. 0000833079-20-000084
  12. 0000833079-19-000075
  13. 0000833079-18-000068
  14. 0000833079-17-000061
  15. 0000833079-16-000172
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Velarion, “Meritage Homes executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/MTH (accessed 2026).
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Real Estate rankings

Chief executive pay — Real EstateCEO pay ratio — Real EstateSay-on-pay support — Real Estate

Peers Meritage Homes discloses

The companies named in MTH's own disclosed peer group.

Beazer Homes USA, Inc.Century Communities, Inc.D.R. Horton, Inc.Hovnanian Enterprises, Inc.KB HomeLennar CorporationLGI Homes, Inc.M/I Homes, Inc.NVR, Inc.Pulte Group, Inc.Taylor Morrison Home CorporationToll Brothers, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
For informational purposes only. Not investment, legal, or compensation advice.  The Pay Desk · Methodology · Terms · Privacy