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Beazer Homes USA Executive Compensation (FY25)

BZH · Atlanta, GA · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Allan Merrill
Latest say-on-pay support
=
February 5, 2026
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Data as of October 19, 2026Latest filing (8-K): February 5, 2026
14 filings cited on this page
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232 figures on this page: 221 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Allan Merrill: $5,296,988 → $6,367,213 (20.2% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Beazer Homes USA's chief executive and what were they paid?
Allan Merrill was paid $6,367,213 in total compensation as Chairman, President and Chief Executive Officer for fiscal 2025. Compared with the $5,296,988 reported for fiscal 2024, Merrill's total was 20.2% higher.
What was Beazer Homes USA's say-on-pay result?
The say-on-pay proposal drew 87.2% of votes cast including abstentions in favor at the meeting held February 5, 2026 for fiscal 2025.
Which companies are in Beazer Homes USA's peer group?
The disclosed peer group includes Century Communities, Inc., Dream Finders Homes, Inc., Green Brick Partners, Inc., Hovnanian Enterprises, Inc. and KB Home, among others.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Allan Merrill
President, Chief Executive Officer and Chairman
◇—◇—◇—◇◇
Keith Belknap
Executive Vice President, General Counsel and Secretary
◇—◇—◇—◇◇
David Goldberg
Senior Vice President and Chief Financial Officer
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Allan Merrill
Chairman and Chief Executive Officer
◇—◇—◇—◇◇
Keith Belknap
Executive Vice President and General Counsel
◇—◇—◇—◇◇
David Goldberg
Executive Vice President and Chief Financial Officer
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Allan Merrill
Chairman, President and Chief Executive Officer
◇—◇—◇—◇◇
David Goldberg
Senior Vice President and Chief Financial Officer
◇—◇—◇—◇◇
Keith Belknap
Former Executive Vice President and General Counsel
Departed during or after this year
◇—◇—◇—◇◇
Michael Dunn
Senior Vice President and General Counsel
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Allan Merrill
Chairman, President and Chief Executive Officer
◇◇◇—◇—◇◇
David Goldberg
Senior Vice President and Chief Financial Officer
◇◇◇◇◇—◇◇
Michael Dunn
Senior Vice President, General Counsel and Corporate Secretary
◇◇◇◇◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Allan P. MerrillPSU◇—◇—◇—◇
Allan P. MerrillRSU◇——◇——◇
David I. GoldbergPSU◇—◇—◇—◇
David I. GoldbergRSU◇——◇——◇
David I. GoldbergOPTION◇——◇—◇—
Keith L. BelknapPSU◇—◇—◇—◇
Keith L. BelknapRSU◇——◇——◇
Michael A. DunnPSU◇— withheld◇—◇—◇
Michael A. DunnRSU◇——◇——◇
Michael A. DunnPSU◇—◇—◇—◇
Michael A. DunnRSU◇——◇——◇
Fiscal 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Michael DunnOption◇—◇2/7/2033
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Allan MerrillRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
David GoldbergRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇2/7/2033
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Allan Merrill
Chairman, President and Chief Executive Officer · Severance agreement
Severance multiple◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Norma A. Provencio
Lead independent director
◇◇————◇
Peter M. Orser
◇◇————◇
Lloyd E. Johnson
◇◇————◇
Danny R. Shepherd
◇◇————◇
Alyssa P. Steele
◇◇————◇
C. Christian Winkle
◇◇————◇
John J. Kelley
◇◇————◇
John J. Kelley III
◇◇————◇
June Sauvaget
◇◇————◇
Howard C. Heckes and Allan P. Merrill served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Lead independent director premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Equity is delivered as Restricted Stock.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Century Communities, Inc. CCS
  • Dream Finders Homes, Inc. DFH
  • Green Brick Partners, Inc. GRBK
  • Hovnanian Enterprises, Inc. HOV
  • KB Home KBH
  • Landsea Homes Corporation LSEA
  • LGI Homes, Inc. LGIH
  • M/I Homes, Inc. MHO
  • Meritage Homes Corporation MTH
  • Smith Douglas Homes Corp SDHC
  • Taylor Morrison Home Corp. TMHC
  • TRI Pointe Group, Inc. TPH

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025February 5, 2026=◇◇◇
2024February 6, 2025=◇◇◇
2023February 8, 2024=◇◇◇
2022February 9, 2023=◇◇◇
2021February 2, 2022=◇◇◇
2020February 3, 2021=◇◇◇
2019February 5, 2020=◇◇◇
2018February 6, 2019=◇◇◇
2017February 1, 2018=◇◇◇
2016February 3, 2017=◇◇◇
2015February 2, 2016=◇◇◇

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- Allan Merrill (Chairman, President and Chief Executive Officer), FY2025 total compensation $6,367,213 (base salary $1,064,525) [exec_comp, SEC accession 0000915840-25-000095, filed 2025-12-22]

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What this page does not include

Everything above is a fact Beazer Homes USA disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Beazer Homes USA sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
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Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
232 figures on this page: 221 cited to the filing that reported them, 11 calculated from figures it prints.
221 cited to the filing
11 calculated from the filing

Documents cited

  1. 0000915840-26-000023
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0000915840-25-000095
    GRANTS OF PLAN-BASED AWARDS TABLE · Grants of Plan-Based Awards Table · Non-Employee Director Compensation · Outstanding Equity Awards at Fiscal Year End Table · and 2 more sections
  3. 0000915840-25-000009
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0000915840-24-000126
    SUMMARY COMPENSATION TABLE
  5. 0000915840-24-000020
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0000915840-23-000086
    SUMMARY COMPENSATION TABLE · Summary Compensation Table
  7. 0000915840-23-000011
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0000915840-22-000014
    Item 5.07 Submission of Matters to a Vote of Security Holders
  9. 0000915840-21-000013
  10. 0000915840-20-000019
  11. 0000915840-19-000015
  12. 0000915840-18-000009
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0000915840-17-000010
    Item 5.07 Submission of Matters to a Vote of Security Holders
  14. 0000915840-16-000071
    Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
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Velarion, “Beazer Homes USA executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/BZH (accessed 2026).
Short form: data: Velarion

The Beazer Homes USA brief, $1,500

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
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14 filings cited on this page
Method: intel.velarion.ai/methodology
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Published by Velarion Company Intelligence
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Real Estate rankings

Chief executive pay — Real EstateCEO pay ratio — Real EstateSay-on-pay support — Real Estate

Peers Beazer Homes USA discloses

The companies named in BZH's own disclosed peer group.

Century Communities, Inc.Dream Finders Homes, Inc.Green Brick Partners, Inc.Hovnanian Enterprises, Inc.KB HomeLandsea Homes CorporationLGI Homes, Inc.M/I Homes, Inc.Meritage Homes CorporationSmith Douglas Homes CorpTaylor Morrison Home Corp.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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