Company: LGIH
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0001580670-25-000028
Chunk: 79

Company: LGI Homes, Inc.
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 79
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 | $                                      |       — |     | $                                      |       — |     | $     |         — |
| Change in Control (5) |     | $         |       — |     | $                                      | 878,444 |     | $                                      | 443,603 |     | $     | 1,322,047 |

(1) See “CEO Employment Agreement” below for a discussion of the severance payments for Mr. Lipar.

(2) The Annual Bonus Plan provides annual cash bonuses earned before the event are subject to being paid at the Board’s discretion and are not reported here.

(3) RSUs and PSUs are fully vested upon participant’s disability, death, or immediately prior to a change in control. Equity plans include a clawback provision to the extent required by applicable law.

(4) The amounts shown include the value of unvested accelerated (i) RSUs and (ii) PSUs at target, as indicated, valued at the closing stock price of our common stock on the NASDAQ Global Select Market of $89.40 on December 31, 2024, the last business day of our 2024 fiscal year. See “Outstanding Equity Awards at December 31, 2024” for disclosure of the events causing an acceleration of outstanding unvested PSUs and RSUs. For each termination scenario, assumes accelerated vesting of all unvested RSUs and PSUs that are subject to accelerated vesting based on such scenario.

(5) Change in Control defined in the 2013 Incentive Plan is deemed to occur if:

(i) Any person acquires securities of the Company representing 50% or more of the total voting power of the Company;

(ii) A change in the composition of the Board occurring within a one-year period as a result of which fewer than a majority of the directors are Incumbent Directors (as defined in the 2013 Incentive Plan); provided, that any individual whose election or nomination for election by the stockholders was approved by a majority of the then Incumbent Directors shall be considered an Incumbent Director, with certain exceptions; or

(iii) The stockholders of the Company approve any merger, consolidation or recapitalization of the Company or any sale of substantially all of its assets where (a) the stockholders of the Company prior to the transaction do not, immediately thereafter, own at least 51% of both the equity and voting power of the surviving entity or

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