Company: LGIH
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001580670-25-000016
Chunk: 24

Company: LGI Homes, Inc.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 24
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 Basic earnings per share$8.33 $8.48 $13.90 Diluted earnings per share$8.30 $8.42 $13.76 Antidilutive non-vested restricted stock units excluded from calculation of diluted earnings per share46,146 11,412 50,003 

9.    STOCK-BASED COMPENSATION

Non-performance Based Restricted Stock UnitsA total of 2,680,172 shares of our common stock have been reserved for issuance under the LGI Homes, Inc. Amended and Restated 2013 Equity Incentive Plan (the “2013 Incentive Plan”). There were 194,953 restricted stock units (“RSUs”) outstanding at December 31, 2024, issued at a $0.00 exercise price. The following table summarizes the activity of our time-vested RSUs:SharesWeighted Average Grant Date Fair ValueBalance at December 31, 2021117,874 $80.85    Granted83,251 $110.03    Vested(46,981)$66.57    Forfeited(7,905)$101.48 Balance at December 31, 2022146,239 $100.93 Granted48,946 $109.47 Vested(53,894)$71.84 Forfeited(7,932)$115.05 Balance at December 31, 2023133,359 $114.98 Granted105,350 $104.63 Vested(28,100)$138.06 Forfeited(15,656)$108.24 Balance at December 31, 2024194,953 $106.60 In 2024, we issued 17,767 RSUs to senior management for the time-based portion of our 2024 long-term incentive compensation program and 30,876 RSUs for 2023 annual bonuses to managers, which generally cliff vest on the third anniversary of the grant date. In 2023, we issued 22,912 RSUs to senior management for the time-based portion of our 2023 long-term incentive compensation program and 8,256 RSUs for 2022 annual bonuses to managers, which generally cliff vest on the third anniversary of the grant date. In 2022, we issued 16,731 RSUs to senior management for the time-based