Company: UHG
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001830188-25-000028
Chunk: 53

Company: United Homes Group, Inc.
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 53
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 employment agreements with certain of our executive officers, including our named executive officers (collectively, the “Employment Agreements”). The Employment Agreements provide for a base salary, which may be adjusted by the Compensation Committee from time to time, and possible annual performance bonuses and equity grants under the 2023 Plan, each as may be determined by the Compensation Committee.

The Employment Agreements all provide for at-will employment that may be terminated by us for death or disability and with or without cause, by the executive with or without good reason, or mutually terminated by the parties. Mr. Nieri’s Employment Agreement has an initial term that expires on March 31, 2028 unless earlier terminated pursuant to its terms and will automatically extend for successive one-year periods beginning April 1, 2028 unless either party notifies the other of its intent to allow such agreement to expire at the then-current expiration date. Unless earlier terminated pursuant to its terms or pursuant to the execution of a subsequent agreement between Mr. Pirrello and us, Mr. Pirrello’s Employment Agreement will terminate three months after our selection of a permanent Chief Executive Officer. The term of the Employment Agreements for Messrs. Micenko and Feldman are 3 years, with automatic 12-month renewals.

Mr. Nieri’s Employment Agreement provides for a severance benefit of $5 million upon termination by us without cause or termination by Mr. Nieri for good reason, subject to execution of a release of claims. The Employment Agreements for Messrs. Micenko and Feldman provide for a Base Severance Benefit (as defined in the Employment Agreements) of 12 months of base salary, as well as the Incentive Severance Benefit (as defined in the Employment Agreements) upon termination by us without cause or termination by the officer for good reason, subject to execution of a release of claims. The Employment Agreements also provide for acceleration of equity awards and certain additional benefits in certain circumstances, including upon a Change in Control (as defined in the Employment Agreements).

Securities Authorized for Issuance Under Equity Compensation Plans

The 2023 Plan is the only compensation plan under which equity securities of the Company are reserved for issuance. The following table shows the amount of securities available under the 2023 Plan as of December 31, 2024:

| Plan category                                              |     | Number ofsecurities to beissued uponexercise ofoutstandingoptions, warrantsand rights |           |     | Weighted-averageexercise price ofoutstanding options,w