Form 4: M/I Homes Executive Vice President Phillip G. Creek Reports Changes in Beneficial Ownership

Phillip G. Creek, Executive Vice President and CFO of M/I Homes, reported the acquisition and disposal of common shares and an award of restricted share units.

Summary

• On February 11, 2025, Phillip G. Creek, Executive Vice President and CFO of M/I Homes, acquired 18,910 common shares at a price of $119.65 per share due to the vesting of performance share units.
• Additionally, on the same day, Creek acquired 12,537 common shares through an award of restricted share units.
• On February 12, 2025, Creek disposed of 8,847 common shares at a price of $116.007 per share.
• Following these transactions, Creek beneficially owns 41,145 common shares.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing reflects routine transactions related to executive compensation. The acquisition of shares through vesting and awards is generally positive, while the sale of shares is neutral.

Positives

• The vesting of performance share units and the award of restricted share units indicate confidence in the company's performance and future prospects.

Negatives

• The disposal of 8,847 shares by the CFO could be interpreted negatively by some investors, although it may be part of a personal financial strategy.

Risks

• Executive stock sales can sometimes be perceived negatively by the market, potentially impacting the stock price.

Future Outlook

The restricted share units vest in three equal annual installments beginning February 11, 2026, suggesting a continued alignment of executive interests with long-term shareholder value.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Monitoring these filings can offer insights into management's perspective on the company's stock.

Comparison to Industry Standards

• Executive compensation packages often include a mix of salary, bonus, stock options, and restricted stock units.
• The vesting schedules for restricted stock units are typically structured to incentivize long-term performance and retention.
• Comparing the vesting schedule and terms of these units to those of executives at comparable homebuilding companies (e.g., D.R. Horton, Lennar, NVR) would provide a benchmark for assessing the competitiveness of M/I Homes' executive compensation.

Stakeholder Impact

• The transactions may have a minor impact on shareholders' perception of the company, depending on how they interpret the executive's stock sale.

Key Dates