Company: LGIH
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0001580670-25-000028
Chunk: 20

Company: LGI Homes, Inc.
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 20
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2024 and thus will have the same effect as a negative vote.

THE BOARD RECOMMENDS THAT STOCKHOLDERS VOTE FOR THE APPROVAL, ON AN ADVISORY BASIS, OF THE COMPENSATION PAID TO OUR NEOs FOR 2024.

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PROPOSAL 4—APPROVAL OF AMENDMENT NO. 1 TO THE LGI HOMES, INC. 2016 EMPLOYEE STOCK PURCHASE PLAN</div>

In 2016, the Board of Directors adopted, and our stockholders approved, the LGI Homes, Inc. 2016 Employee Stock Purchase Plan. We are requesting that our stockholders approve Amendment No. 1 to the LGI Homes, Inc. 2016 Employee Stock Purchase Plan (the “ESPP Amendment”) to increase the maximum number of shares of our common stock that may be sold under the ESPP from 500,000 shares to 1,000,000 shares. The ESPP Amendment does not provide for any changes to the ESPP other than the increase in the shares that may be sold under the ESPP. The ESPP Amendment was adopted by the Board of Directors on February 6, 2025, subject to stockholder approval. If approved by the stockholders at the Annual Meeting, the ESPP Amendment will become effective as of the date of the Annual Meeting. Throughout this proposal, we refer generally to the LGI Homes, Inc. 2016 Employee Stock Purchase Plan as the “ESPP” and may distinguish the versions of the ESPP by referring to the ESPP prior to stockholder approval of the ESPP Amendment as the “Existing ESPP” and the ESPP as amended by the ESPP Amendment as the “Amended ESPP.” If our stockholders do not approve this proposal, the terms of the Existing ESPP will continue to be in effect.

#### Reason for the Proposal
On February 6, 2025, the Board of Directors adopted, subject to stockholder approval, the ESPP Amendment to increase the maximum number of shares of our common stock that may be sold under the ESPP by 500,000 shares. If the ESPP Amendment is approved by the stockholders, a total of 551,921 shares will be available for sale under the Amended ESPP, which total includes 51,921 shares that remain available for sale under the Existing ESPP as of February 28, 2025. The Board of Directors recommends approval of