Form 4: M/I Homes Executive Vice President and CFO Phillip G. Creek Reports Stock Transactions

Phillip G. Creek, Executive Vice President and CFO of M/I Homes, Inc., reports the acquisition and disposal of company stock and derivative securities.

Summary

• Phillip G. Creek, an officer of M/I Homes, Inc., filed a Form 4 detailing changes in beneficial ownership.
• On November 5, 2024, Creek exercised options to purchase 8,233 common shares at a price of $27.62 and sold 8,233 common shares at $160.
• Following these transactions, Creek directly owns 18,545 common shares.
• On November 6, 2024, Creek exercised options to purchase 20,000 common shares at a price of $42.23 and sold 20,000 common shares at $160.
• Following these transactions, Creek directly owns 18,545 common shares.
• Creek also holds options to purchase 35,000 common shares.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common in the real estate and homebuilding industry.

Comparison to Industry Standards

• Executive stock transactions are a common occurrence in publicly traded companies, including those in the homebuilding industry.
• Comparing the volume and frequency of these transactions to peers like D.R. Horton (DHI) or Lennar (LEN) would provide context on whether these activities are typical.
• The exercise and sale of options are standard compensation practices for executives in similar roles.

Stakeholder Impact

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

Key Dates