Company: LGIH
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0001580670-25-000028
Chunk: 71

Company: LGI Homes, Inc.
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 71
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 The market value of RSUs and PSUs that have not vested is based on the closing stock price of $89.40 per share of our common stock on the NASDAQ Global Select Market on December 31, 2024, the last trading day of 2024.

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(6) The Compensation Committee approved target PSUs awards that provide for shares of our common stock to be issued based on the attainment of the performance metric of the Company over the applicable three-year performance period. The PSUs vest upon the determination date for the actual results at the end of the three-year period and require the recipients continue to be employed by the Company through the determination date. The PSUs will be settled in shares of our common stock. The performance period for the 2024 awards is January 1, 2024 to December 31, 2026. The performance period for the 2023 awards is January 1, 2023 to December 31, 2025. The performance period for the 2022 awards is January 1, 2022 to December 31, 2024. The 2022 grants will be settled at 0% of the target amount resulting in the issuance of no shares of our common stock to each of Messrs. Lipar, Snider, Merdian and Garber, in settlement of the 2022 grants.

(7) The number and market value of shares of our common stock that may be issued to the recipients for the PSUs range from 0% to 200% of the target amount depending on actual results as compared to the target performance metric, and the amounts shown in the table represent the maximum payout, or 200% of the target amount.

| 2022 LTI Program Results                |     | Threshold |       |     |     | Target |       |      |     | Maximum |       |      |     | 2022 - 2024 Actual(1) |       |    |
|:----------------------------------------|:----|:----------|------:|:----|:----|:-------|------:|:-----|:----|:--------|------:|:-----|:----|:----------------------|------:|:---|
| 2022-2024 Cumulative Basic EPS criteria |     | $         | 42.84 |     |     | $      | 66.72 |      |     | $       | 90.95 |