Form 4: M/I Homes Executive Vice President and CFO Phillip G. Creek Reports Stock Transactions
SEC Form 4 Filing
Phillip G. Creek, Executive Vice President and CFO of M/I Homes, reported the exercise of stock options and the sale of common shares on August 1, 2024.
Summary
- On August 1, 2024, Phillip G. Creek, the Executive Vice President and CFO of M/I Homes, exercised options to purchase 2,767 common shares at a price of $27.62.
- Following the exercise of these options, Mr. Creek sold a total of 2,067 common shares in multiple transactions at prices ranging from $165.02 to $168.03.
- After these transactions, Mr. Creek directly owns 18,545 common shares.
- He also holds options to purchase 8,233 common shares.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the buying and selling activities of company executives. It's common for executives to exercise stock options and sell shares for personal financial management.
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
| Date | Description |
|---|---|
| 02/19/2024 | Options vested |
| 08/01/2024 | Earliest transaction date; options exercised and shares sold |
| 02/19/2029 | Expiration date of options |
| 08/02/2024 | Date of signature |
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