Company: LGIH
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0001580670-25-000028
Chunk: 38

Company: LGI Homes, Inc.
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 38
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   |     | $              | 100,000 |     | $            |         | 155,067 |     | $            |     | — |     | $     | 255,067 |
| Maria Sharpe     |     | $              |  95,000 |     | $            | 155,067 |         |     | $            |     | — |     | $     | 250,067 |
| Steven Smith     |     | $              |  90,000 |     | $            | 155,067 |         |     | $            |     | — |     | $     | 245,067 |
| Robert Vahradian |     | $              |  75,000 |     | $            | 155,067 |         |     | $            |     | — |     | $     | 230,067 |

(1) The amounts shown reflect the grant date fair value of RSUs granted in 2024 for director services for 2025, determined in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 718. See Note 9, “Stock-Based Compensation” to our consolidated financial statements included in our 2024 Annual Report, regarding assumptions underlying valuations of equity awards .

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(2) On December 15, 2023, each non-employee director was granted 1,221 RSUs, valued at approximately $155,000 on the date of grant, for director services for 2024. On December 15, 2024, each non-employee director was granted 1,553 RSUs, valued at approximately $155,000 on the date of grant, for director services for 2025. The grants are subject to cliff vesting and become fully vested upon the earlier of (i) the first anniversary of the grant date, (ii) the director’s disability; (iii) the director’s death; or (vi) immediately prior to the closing of a change in control of the Company, as defined in the Amended and Restated LGI Homes, Inc. 2013 Equity Incentive Plan (the “2013 Incentive Plan”).

(3) As of December 31, 2024, Messrs. Edone, Sansbury, Smith, and Vahradian and Mses. Parikh and Sharpe each had 1,553 unvested