Company: LGIH
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0001580670-25-000028
Chunk: 21

Company: LGI Homes, Inc.
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 21
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 the ESPP Amendment so we can continue to offer our employees the ability to invest in shares of our common stock at an attractive price providing employees with a more direct stake in the Company’s welfare, thereby stimulating our employees’ efforts on the Company’s behalf and strengthening our employees’ desire to remain with the Company. Failure to obtain the required vote for this proposal may limit the Company’s ability to attract, retain and motivate employees.

#### Summary of the Amended Plan
The following is a summary of the material features of the Amended ESPP. This summary does not purport to be a complete description of all of the provisions of the Amended ESPP and is qualified in its entirety by reference to the full text of the ESPP Amendment and the Existing ESPP. Copies of the ESPP Amendment and the Existing ESPP are attached to this proxy statement as Annex A and Annex B , respectively. Capitalized terms used in this summary that are not otherwise defined have the respective meanings given such terms in the Amended ESPP.

#### ESPP Terms
The ESPP permits employees of the Company and its Participating Subsidiaries (“Employees”) to purchase shares of Company common stock at a 15% discount from Fair Market Value, subject to limits set by the Internal Revenue Code (the “Code”) and the ESPP. Sales of shares of Company common stock under the ESPP will be made pursuant to offerings that are intended to satisfy the requirements of Section 423 of the Code.

#### Administration
The Compensation Committee administers the ESPP and, subject to the provisions of the ESPP, has full authority and discretion to amend, prescribe, rescind, administer, and interpret such rules and regulations as it deems necessary to administer the ESPP, and its decisions will be final and binding upon all participants in the ESPP. The Compensation Committee may delegate its administrative authority to a committee comprised of officers or senior level Employees of the Company (the “Administrative Committee”; the Compensation Committee or such Administrative Committee to the extent such entity is carrying out its administrative functions under the ESPP is referred to herein as the “Plan Administrator”). However, the Administrative

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Committee shall not have the authority to (i) increase the maximum number of shares of Company common stock available for issuance under the ESPP or the maximum number of shares of Company common stock that may be purchased per participant for any Offering Period (as defined below), (ii) modify the eligibility requirements under the ESPP, (iii) designate