Company: LGIH
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0001580670-25-000028
Chunk: 53

Company: LGI Homes, Inc.
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 53
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95% of the shares of common stock that voted on the proposal (excluding broker non-votes). The Compensation Committee did not change its executive compensation approach based on the vote. The Board and the Compensation Committee will continue to consider the results of the Company’s Say-on-Pay votes when making future decisions regarding our NEOs’ compensation and related executive compensation programs.

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At our 2024 annual meeting of stockholders, we conducted an advisory vote on the frequency of future Say-on-Pay votes, and a majority of the shares of common stock that were voted in favor of one of the three available frequency options (excluding abstentions and broker non-votes) voted in favor of holding future Say-on-Pay votes every year. In light of the results of the vote, the Board determined that we will hold future Say-on-Pay votes every year until we next hold an advisory vote on the frequency of future Say-on-Pay votes at our 2030 annual meeting of stockholders as required under SEC rules.

#### Compensation Committee Oversight
The Compensation Committee, which is comprised entirely of independent directors, is responsible for overseeing our executive compensation program. The Compensation Committee determines and approves all compensation and payment levels for the CEO and our other senior officers, including the other NEOs and the presidents of our homebuilding divisions.

The Compensation Committee performs an annual review of the CEO’s goals and his performance in achieving such goals in each fiscal year and keeps the Board apprised of such evaluations. Our CEO reviews the performance of our other senior officers, including the NEOs (other than himself), and makes recommendations to the Compensation Committee regarding the compensation for those executive officers.

The Compensation Committee, with input from Meridian, determines each element of compensation for the CEO. The Compensation Committee also determines each element of compensation for the other NEOs based on consideration of each individual’s leadership qualities, operational performance, business responsibilities, tenure with the Company, current compensation arrangements and long-term potential to enhance stockholder value as well as input from Meridian and the CEO. The Compensation Committee is under no obligation to follow these recommendations. Executive officers and others may participate in discussions with the Compensation Committee when invited to do so.

The Compensation Committee also approves all grants of PSUs, RSUs, cash and other awards under our stockholder approved 2013 Incentive Plan. Further information regarding the Compensation Committee’s responsibilities is in the Compensation Committee’s Charter, available under the “Investor Relations” and “Corporate Governance” links on the Company’s