Company: SDHC
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0001982518-25-000012
Chunk: 38

Company: Smith Douglas Homes Corp.
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 38
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 timely written notice of non-renewal), and provide for at-will employment.

Pursuant to the agreements, each executive is entitled to receive an annual base salary as set forth in the table below. In addition, each is eligible to receive an annual cash bonus with a target amount as set forth in the table below, which annual cash bonuses may be earned based on the achievement of Company and/or individual performance goals, subject to the executive’s continued employment through the bonus payment date. Additionally, each executive is eligible to receive an annual long-term incentive award with a target grant date value as set forth in the table below.

The following table sets forth each executive’s title, annual base salary, target annual bonus amount, and target long-term incentive award amount:

| Named Executive Officer |     | Title                                               |     | Annual Base Salary 
                ($) |     | Target Annual Bonus 
                 ($) |     | Target Long-Term Incentive Award 
                              ($) |
| Gregory S. Bennett      |     | President, Chief Executive Officer, & Vice Chairman |     |          1,000,000 |     |           3,000,000 |     |                        2,000,000 |
| Russell Devendorf       |     | Executive Vice President & Chief Financial Officer  |     |            650,000 |     |             500,000 |     |                          500,000 |

Each executive is eligible to participate in the health, welfare, retirement, vacation and other employee benefit plans, practices, policies and programs generally available to other senior executives. Additionally, for Mr. Devendorf, any then-unvested long-term cash incentive bonuses granted prior to the completion of the IPO accelerate and vest in full upon a “change in control” (as defined in his employment agreement) of the Company, subject to his continued employment through the date of such change in control.

Pursuant to the agreements, if the employment of the executive is terminated by us without “cause” or by the executive for “good reason” (each, as defined in the applicable executive’s employment agreement), the executive will receive the following severance payments and benefits: (i) an amount equal to 12 months of the executive’s then-current base salary, paid in substantially equal installments over the 12-month period following the termination date; (ii) up to 12 months of Company-paid continued healthcare coverage; (iii) a pro-rated target annual bonus for the year in which the termination occurs (or, if such