Company: LGIH
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0001580670-25-000028
Chunk: 69

Company: LGI Homes, Inc.
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 69
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2024 are discussed under “Compensation Discussion and Analysis - What We Paid and Why - Compensation for NEOs - Target Compensation Mix - 2024”.

(2) Equity awards granted in 2024 have a three-year cliff vest, subject in the case of PSU awards, to achievement of established performance metrics.

(3) Restricted stock units have a fair value equal to the closing price of our stock on the date of grant in accordance with the requirements of FASB ASC Topic 718. The grant-date fair value amounts relating to the performance share awards represent the grant-date fair value assuming the attainment of the EPS performance metric over the applicable three-year period. 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 compensation expense associated with the grants of PSU is determined using the derived grant date fair value of $111.94 based on a third-party valuation analysis provided by Meridian, and expensed over the applicable period.

(4) The grant date fair value for the March 8, 2024 RSU awards is calculated using the $111.94 closing stock price on the date of grant.

(5) The December 15, 2024 RSU awards were a result of discretionary grants approved by the Compensation Committee. The grant date fair value for the December 15, 2024 RSU awards is calculated using the $99.85 closing stock price on December 13, 2024 (the last trading date prior to the date of grant).

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#### Outstanding Equity Awards at December 31, 2024
The following table provides information on RSUs and PSUs granted under the 2013 Incentive Plan to each of our NEOs and outstanding at December 31, 2024.

| Name            |     | RSUs Grant Date |     |       Number of RSUs 
 That Have Not Vested |     |            |     | Market Value of RSUs That Have Not Vested(5) |     | PSUs Grant Date |     | Number of PSUs That Have Not Vested |     |            |     | Market Value of PSUs That Have Not Vested(5) |     |            |
| Target(6)       |     |      Maximum(7) |     |            Target(6) |     | Maximum(