Form 4: M/I Homes CEO Robert Schottenstein Executes Option and Sells Shares

Robert Schottenstein, Chairman, CEO, and President of M/I Homes, exercised options to purchase 19,200 common shares and simultaneously sold the same amount at $122 per share on April 29, 2024.

Summary

• On April 29, 2024, Robert H. Schottenstein, Chairman, CEO, and President of M/I Homes, Inc., executed an option to purchase 19,200 common shares at a price of $27.62 per share.
• Simultaneously, Schottenstein sold 19,200 common shares at $122 per share.
• Following these transactions, Schottenstein directly owns 122,951 common shares.
• Schottenstein also indirectly owns 450,400 common shares through IES Family Holdings No. 2, LLC.
• His spouse beneficially owns 10,000 common shares, but Schottenstein disclaims beneficial ownership of these shares.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it simply reports transactions. There is no indication of positive or negative outlook.

Industry Context

This filing is a routine disclosure of insider transactions and provides insight into the actions of key executives at M/I Homes. It is common for executives to exercise stock options and sell a portion of the acquired shares for personal financial management.

Stakeholder Impact

• The transaction could have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.

Key Dates