Company: LGIH
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0001580670-25-000028
Chunk: 56

Company: LGI Homes, Inc.
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 56
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,000 |
| Scott Garber    |     | $           | 468,000 |     | $   |   281,000 |     | $            |   374,000 |     | $            |  94,000 |     | $     | 1,217,000 |

(1) Amounts differ from the amounts discussed below at “2024 Grants of Plan-Based Awards” due to rounding.

#### Base Salary
We pay base salaries to attract and retain talented executives and to provide a fixed base of cash compensation. The table below shows the annual salary of each NEO:

| Named Executive Officer |     | 2024        
 Base Salary |         |     | 2023        
 Base Salary |         |     | Percentage Increase |   |   |
|:------------------------|:----|:------------|--------:|:----|:------------|--------:|:----|:--------------------|--:|:--|
| Eric Lipar              |     | $           | 975,000 |     | $           | 975,000 |     |                     | — | % |
| Michael Snider          |     | $           | 650,000 |     | $           | 625,000 |     |                     | 4 | % |
| Charles Merdian         |     | $           | 624,000 |     | $           | 600,000 |     |                     | 4 | % |
| Scott Garber            |     | $           | 468,000 |     | $           | 450,000 |     |                     | 4 | % |

For fiscal 2024 base salary determinations, the Compensation Committee reviewed each NEO’s job responsibilities, management experience, individual contributions, tenure and then-current salary, as well as the executive compensation benchmarking data prepared by Meridian.

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Annual Cash Bonus - Short-term Incentive Compensation

STI compensation is designed to offer opportunities for cash compensation directly tied to our performance relative to established performance targets that the Compensation Committee ultimately believes create stockholder value. The Compensation Committee approved the 2024 incentive award opportunities described below for the eligible NEOs pursuant to the Annual Bonus Plan, a sub-plan of the 2013 Incentive Plan.

Under the 2024 Annual Bonus Plan, each NEO had an annual incentive opportunity based on the following percentages of base salary:

| Named Executive Officer |     | Annual STI Percentage of Base Salary(1)