Company: LGIH
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0001580670-25-000028
Chunk: 37

Company: LGI Homes, Inc.
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 37
---
 regarding corporate governance and the operation of the committee included in our proxy statements.

### NON-EMPLOYEE DIRECTOR COMPENSATION
The Compensation Committee is responsible for evaluating and approving compensation for our non-employee directors. Our non-employee directors received compensation for 2024 director services, which included the following:

• $75,000 annual cash retainer, payable quarterly;

• Additional annual cash retainer payable quarterly:

◦ $25,000 for the Lead Independent Director;

◦ $20,000 for the Audit Committee Chair and Compensation Committee Chair;

◦ $15,000 for the Nominating and Corporate Governance Committee Chair;

• $155,000 grant of restricted stock units (“RSUs”); and

• reimbursement for reasonable out-of-pocket expenses incurred for travel in connection with attendance in-person at Board or committee meetings.

The number of the RSUs granted is determined based on the grant award amount and the closing stock price of our common stock on the date of grant, rounded up to the next whole share as no fractional shares are issued, with one-year cliff vesting. The RSUs granted to non-employee directors for director services for 2025 were awarded on December 15, 2024.

The following table contains information with respect to 2024 compensation awarded to or earned by our non-employee directors. Mr. Eric Lipar, our Chief Executive Officer and Chairman of the Board, received no additional compensation for serving on the Board, and his 2024 compensation is disclosed under “Executive Compensation” below.

| Name             |     | Fees Earned or 
 Paid in Cash   |         |     | Stock Awards 
 (1)(2)(3)    |         |         |     | All Other    
 Compensation |     |   |     | Total |         |
|:-----------------|:----|:---------------|--------:|:----|:-------------|--------:|--------:|:----|:-------------|:----|:--|:----|:------|--------:|
| Ryan Edone       |     | $              |  95,000 |     | $            | 155,067 |         |     | $            |     | — |     | $     | 250,067 |
| Shailee Parikh   |     | $              |  75,000 |     | $            |         | 155,067 |     | $            |     | — |     | $     | 230,067 |
| Bryan Sansbury