Company: LGIH
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0001580670-25-000028
Chunk: 55

Company: LGI Homes, Inc.
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 55
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 peer group in comparable positions, considering our relative size. In addition, the Compensation Committee determined that each NEO’s then current target compensation provided the executive with an appropriate compensation opportunity, and placed more emphasis on incentive compensation versus base salary given the Company’s future growth goals. The Compensation Committee later determined, based on the Company’s fiscal 2024 performance, that each NEO’s total fiscal 2024 compensation was appropriate in light of overall Company performance, the NEO’s personal performance, and TSR for the performance period.

Other than the services described above and the valuation of the PSUs discussed below at “What We Paid and Why - Compensation for NEOs - Target Compensation Mix - 2024”, “2024 LTI Program”, and “PSUs”, which was approved by the Compensation Committee, Meridian did not provide any other services to the Company.

#### WHAT WE PAID AND WHY - COMPENSATION FOR NEOs

#### Target Compensation Mix - 2024
The mix of fixed and incentive compensation elements at target for the CEO and the other NEOs for 2024 is shown in the charts below.

#### 2024 Total Target Compensation by Element
| Name            |     | Base Salary |         |     | STI |           |     | LTI- PSUs(1) |           |     | LTI- RSUs(1) |         |     | Total |           |
|:----------------|:----|:------------|--------:|:----|:----|----------:|:----|:-------------|----------:|:----|:-------------|--------:|:----|:------|----------:|
| Eric Lipar      |     | $           | 975,000 |     | $   | 1,219,000 |     | $            | 3,315,000 |     | $            | 829,000 |     | $     | 6,338,000 |
| Michael Snider  |     | $           | 650,000 |     | $   |   650,000 |     | $            | 1,092,000 |     | $            | 273,000 |     | $     | 2,665,000 |
| Charles Merdian |     | $           | 624,000 |     | $   |   562,000 |     | $            |   998,000 |     | $            | 250,000 |     | $     | 2,434