Company: UHG
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001830188-25-000028
Chunk: 52

Company: United Homes Group, Inc.
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 52
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 performance that meets the threshold requirements for a performance measure will result in a 50% payout of the portion of the award based on that performance measure. Performance that meets the target requirements will result in 100% payout of the portion of the award based on that performance measure. Performance that meets the maximum requirements will result in 125% payout of the portion of the award based on that performance measure. To the extent performance falls between two levels, linear interpolation is applied. In the event that our performance does not meet the threshold requirements, no payment will be made on the portion of the award based on that performance measure. In the event that our performance exceeds the maximum requirements, payments made on the portion of the award will be capped at the maximum payout amount for that performance measure.

Equity Awards

Equity awards consist of both time-based stock options and PSUs. The equity awards set by the Compensation Committee for each of our named executive officers (other than Mr. Pirrello, as noted above) are as follows:

| Executive Officer |     | StockOptions |         |     | PerformanceStock Units |        |
| Michael Nieri     |     |              | 168,854 |     |                        |      — |
| Jack Micenko      |     |              | 161,250 |     |                        | 53,750 |
| Keith Feldman     |     |              | 120,000 |     |                        | 40,000 |

Certain material terms applicable to the equity awards, such as the effect of a Change of Control and the treatment of such awards upon a recipient’s termination of employment, are governed by each recipient’s respective employment agreements, which are described in more detail in “ - Executive Employment Agreements and Other Arrangements .” A description of certain other terms and conditions of the time-based options and PSUs is below.

Time-Based Stock Options

Time-based stock options vest ratably over four years commencing on the one-year anniversary of the date of grant, subject to the recipient’s continued employment or service through the applicable vesting date.

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Performance-Based Restricted Stock Units

PSUs will vest upon the date, if any, during the period through March 31, 2029, that the volume weighted average price of our Class A common stock for 20 out of the preceding 30 consecutive trading days is greater than or equal to $13.50.

Executive Employment Agreements and Other Arrangements

Employment Agreements

We have entered into