Company: LGIH
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0001580670-25-000028
Chunk: 49

Company: LGI Homes, Inc.
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 49
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 |     |                                        $8.30 |     |      $8.42 |     |     $13.76 |
| Common Stock Price                          |     |                                       $89.40 |     |    $133.16 |     |     $92.60 |

(1) Adjusted gross margin and EBITDA are non-GAAP financial measures used by management as supplemental measures in evaluating operating performance. Please see “Non-GAAP Measures - Adjusted Gross Margin” and “Non-GAAP Measures - EBITDA” included as Annex C to this Proxy Statement for a reconciliation of (a) adjusted gross margin to gross margin and (b) EBITDA to net income, which are the GAAP financial measures that our management believes to be most directly comparable.

(2) See Note 8, “Equity” to our consolidated financial statements included in our 2024 Annual Report for calculation of earnings per share .

(3) Includes the bulk sale of 103 single-family rental homes.

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To support our continued growth, we have diversified our lot position while maintaining our underwriting standards. We continually evaluate our lot position to ensure we can replace closed communities, expand our market share in current markets and support our geographic and price point expansion initiatives to sustain our growth.

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### OUR EXECUTIVE COMPENSATION PRACTICES
Below we have highlighted certain executive compensation practices applicable to our NEOs that have been implemented to drive performance, and certain practices we have not implemented because we do not believe that they would serve our stockholders’ long-term interests.

| What We Do       |     |                                                                                                                                                                                                                                                                                                                                                                                                              |
|                  |     | Pay for Performance- We align annual and long-term incentive opportunities with our annual operating plan, three-year strategic plan, and stockholder interests.                                                                                                                                                                                                                                             |
|                  |     | Mitigate Undue Risk- We utilize a mix of elements with multiple performance targets, cap potential payments, provide for statutory clawbacks, generally provide a three-year vesting period for restricted stock awards, and conduct an annual compensation risk assessment analysis each year to validate our belief that our compensation programs will not have a material adverse effect on the Company. |
|                  |     | Align Total Compensation with the Median of Similarly- Sized Companies- We position the target total direct compensation levels for our NEOs within the range of the median for the general industry.                                                                                                                                                                                                        |
|                  |     | Evaluate Total Compensation- We utilize tally