Form 4: Director Bruce A. Soll Acquires Phantom Stock in M/I Homes, Inc.

Bruce A. Soll, a director of M/I Homes, Inc., acquired 196 units of phantom stock on August 6, 2024, as compensation for serving on the Board of Directors.

Summary

• On August 6, 2024, Bruce A. Soll, a director of M/I Homes, Inc., acquired 196 units of phantom stock.
• The phantom stock was granted as payment for serving as a member of the Board of Directors, according to the M/I Homes, Inc. Director Deferral Plan.
• The price of the derivative security was $146.79.
• These phantom stock units will be settled in Common Shares upon the earlier of a specified date or termination of service as a director.
• Following the transaction, Soll directly owns 2,551 derivative securities.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction (acquisition of phantom stock) by a company director, indicating a neutral to slightly positive sentiment as it aligns the director's interests with the company's performance.

Positives

• The acquisition of phantom stock aligns the director's interests with the long-term performance of the company.
• The director deferral plan provides a mechanism for directors to accumulate company stock over time.

Future Outlook

The phantom stock units will be settled in Common Shares upon the earlier of (i) the date specified by the reporting person in his deferral notice, or (ii) the date of the reporting person's termination of service as a director.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The acquisition of phantom stock by a director can positively influence shareholder confidence by aligning management's interests with those of the shareholders.

Key Dates