Company: LGIH
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0001580670-25-000028
Chunk: 66

Company: LGI Homes, Inc.
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 66
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 be capped at 100% of the target number of PSUs granted if absolute TSR is negative during the performance period, regardless of EPS performance; this market condition applies for amounts recorded above target. The amounts shown reflect the grant date fair value of each such PSU of $111.94 per share, determined in accordance with FASB ASC Topic 718. See Note 9, “Stock-Based Compensation” to our consolidated financial statements included in our 2024 Annual Report, regarding assumptions underlying valuations of equity awards for 2024. Details regarding equity awards that are still outstanding can be found in the “Outstanding Equity Awards at December 31, 2024” table below.

(4) The amounts shown include the grant date fair value of the target number of PSUs of 31,766 ($3,315,100), 10,062 ($1,050,070), 9,199 ($960,008), and 3,450 ($360,042), awarded on March 8, 2023, to Messrs. Lipar, Snider, Merdian, and Garber, respectively, that provide for shares of our common stock to be issued based on the attainment of the performance metric of the Company over the three-year period, January 1, 2023 to December 31, 2025. The number of shares of our common stock that may be issued to the recipients for the PSUs range from 0% to 200% of the target amount depending on actual results as compared to the target performance metric. The terms of the PSUs provide that the payouts will be capped at 100% of the target number of PSUs granted if absolute TSR is negative during the performance period, regardless of EPS performance; this market condition applies for amounts recorded above target. The amounts shown reflect the grant date fair value of each such PSU of $104.36 per share, determined in accordance

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with FASB ASC Topic 718. See Note 9, “Stock-Based Compensation” to our consolidated financial statements included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2023, regarding assumptions underlying valuations of equity awards for 2023. Details regarding equity awards that are still outstanding can be found in the “Outstanding Equity Awards at December 31, 2024” table below.

(5) The amounts shown include the grant date fair value of the target number of PSUs of