Company: LGIH
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0001580670-25-000028
Chunk: 58

Company: LGI Homes, Inc.
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 58
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     | Fiscal 2024 Actual |         |     |
|:------------------------------------|:----|:----------|--------:|:----|:----|:-------|--------:|:-----|:----|:--------|--------:|:-----|:----|:-------------------|--------:|:----|
| Pre-tax net income (75%)            |     | $         | 154,055 |     |     | $      | 290,250 |      |     | $       | 437,614 |      |     | $                  | 258,913 |     |
| Homes closed (25%)(1)               |     |           |   6,000 |     |     |        |   7,500 |      |     |         |   9,000 |      |     |                    |   6,131 |     |
| Annual bonus payout rate            |     |           |         | 50% |     |        |         | 100% |     |         |         | 200% |     |                    |         | 80% |

(1) Homes closed include the bulk sale of 103 single-family rental homes.

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#### 2024 LTI Program
The long-term incentives granted by the Compensation Committee for 2024 were designed to provide our NEOs longer-term incentive opportunities that are competitive with our general industry and homebuilder peer groups and reflect our overall executive compensation philosophy of aligning pay with performance. The 2024 LTI provided for 80% of the target value to be awarded in performance share units (PSUs) and 20% of the target value to be awarded in time-based RSUs with a three-year cliff vest. The target 2024 LTI dollar value for each NEO was set by the Compensation Committee at the following multiples of base salary (1) :

| Named Executive Officer |     | LTI Dollar Value of Base Salary(1) |     |      |
| Eric Lipar              |     |                                    |     | 4.3x |
| Michael Snider          |     |                                    |     | 2.1x |
| Charles Merdian         |     |                                    |     | 2.0x |
| Scott Garber            |     |                                    |     | 1.0x |

(1) These values were unchanged from 2023.

The number of RSUs and PSUs was determined using a $