Company: LGIH
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0001580670-25-000028
Chunk: 67

Company: LGI Homes, Inc.
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 67
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 27,905 ($3,315,114), 8,839 ($1,050,073), 8,081 ($960,023), and 3,031 ($360,083), awarded on March 15, 2022, to Messrs. Lipar, Snider, Merdian, and Garber, respectively, that provide for shares of our common stock to be issued based on the attainment of the performance metric of the Company over the three-year period, January 1, 2022 to December 31, 2024. The number of shares of our common stock that may be issued to the recipients for the PSUs range from 0% to 200% of the target amount depending on actual results as compared to the target performance metric. The terms of the PSUs provide that the payouts will be capped at 100% of the target number of PSUs granted if absolute TSR is negative during the performance period, regardless of EPS performance; this market condition applies for amounts recorded above target. The amounts shown reflect the grant date fair value of each such PSU of $118.80 per share, determined in accordance with FASB ASC Topic 718. See Note 9, “Stock-Based Compensation” to our consolidated financial statements included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2022, regarding assumptions underlying valuations of equity awards for 2022. Details regarding equity awards that are still outstanding can be found in the “Outstanding Equity Awards at December 31, 2024” table below.

(6) All other compensation is detailed in the table below.

| All Other Compensation 
 Name                   |     |      | Year |        |      | 401(k) Company Match |        |     | Car Allowance |        |     | Short and Long-Term Disability Insurance Premiums |       |     | ESPP Discount |       |     | Phone Allowance |        |     | Club Dues Paid by Us |        |     | Total |        |
|:-----------------------|:----|-----:|:-----|-------:|-----:|:---------------------|-------:|:----|:--------------|-------:|:----|:--------------------------------------------------|------:|:----|:--------------|------:|:----|:----------------|-------:|:----|:---------------------|-------:|:----|:------|-------:|
| E. Lipar               |     |      |