Real Estate
Forestar Group Executive Compensation (FY25)
FOR · Arlington, TX · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025 ◇ Anthony Oxley | Latest say-on-pay support = January 19, 2026 | Chief executive pay ratio ◇ To the median employee |
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Data as of October 19, 2026Latest filing (8-K): January 20, 2026
14 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
Velarion Member, one year
242 figures on this page: 232 cited to the filing that reported them, 10 calculated from figures it prints. See the citations
More on Forestar Group
Five data products on this company. Each one is requested through the developer setup page.
- Peer Disclosure Audit$5The comparison companies this board named, each one tied to the filing that lists it.How to get Peer Disclosure Audit
- Governance Provisions PullfreeThe governance provisions as the proxy states them: board leadership, committee membership, and shareholder rights.How to get Governance Provisions Pull
- Say-on-Pay Risk Signal$9A risk band for the next say-on-pay vote, with the support history and the peer comparison behind it.How to get Say-on-Pay Risk Signal
- NEO Comp Report$24Every named executive officer’s pay by element and year, with the citation behind each figure.How to get NEO Comp Report
- Board Comp Report$24What each non-employee director was paid, the standing fee schedule, and the equity each one holds at year end.How to get Board Comp Report
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 — Anthony Oxley: $2,752,806 → $4,188,576 (52.2% higher)
CEO pay ratio: 19:1 → 25:1 (31.6% higher)
Frequently asked questions
Answers drawn from the data on this page.
Who is Forestar Group's chief executive and what were they paid?
Anthony Oxley was paid $4,188,576 in total compensation as President and Chief Executive Officer for fiscal 2025. Compared with the $2,752,806 reported for fiscal 2024, Oxley's total was 52.2% higher.
What was Forestar Group's say-on-pay result?
For fiscal 2025, the say-on-pay proposal drew 97.8% support at the meeting held January 19, 2026.
Which companies are in Forestar Group's peer group?
Companies named in the disclosed peer group include American Woodmark Corporation, Beazer Homes USA, Inc., Century Communities, Inc., Five Point Holdings, LLC and Howard Hughes Holdings Inc., among others.
What is Forestar Group's chief executive pay ratio?
The company reported a chief executive pay ratio of 25:1 for fiscal 2025, against median employee compensation of $166,267.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Daniel Bartok Chief Executive Officer | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Donald Tomnitz Executive Chairman | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
James Allen Chief Financial Officer & Treasurer | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Donald Tomnitz Executive Chairman | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
James Allen Chief Financial Officer, Executive Vice President and Treasurer | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Mark Walker Executive Vice President and Chief Operating Officer Executive Vice President and Chief Operating Officer | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Donald Tomnitz Executive Chairman | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Anthony Oxley President and Chief Executive Officer | ◇ | ◇ | ◇ | — | — | ◇ | ◇ | ◇ |
James Allen Executive Vice President, Chief Financial Officer and Treasurer | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Mark Walker Executive Vice President and Chief Operating Officer | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Daniel Bartok Former President and Chief Executive Officer Departed during or after this year | ◇ | — | — | — | — | — | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Anthony Oxley President and Chief Executive Officer | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Mark Walker Executive Vice President and Chief Operating Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Donald Tomnitz Executive Chairman | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
James Allen Executive Vice President, Chief Financial Officer and Treasurer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
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
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| Anthony Oxley | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Anthony Oxley | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Donald Tomnitz | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Donald Tomnitz | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| James Allen | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| James Allen | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Mark Walker | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Mr. Allen | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Mr. Allen | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Mr. Oxley | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Mr. Oxley | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Mr. Tomnitz | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Mr. Tomnitz | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Mr. Walker | RSU | ◇ | — | — | ◇ | — | — | ◇ |
Fiscal 2022, 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
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Mr. Tomnitz | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Anthony Oxley | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Mr. Allen | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Mark Walker | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — |
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.
Anthony Oxley
President and Chief Executive Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing
| Equity acceleration on change in control | ◇ |
Donald Tomnitz
Executive Chairman · Terms as described in the company’s compensation discussion · citing a 2025 filing
| Equity acceleration on change in control | ◇ |
James Allen
Executive Vice President, Chief Financial Officer and Treasurer · Terms as described in the company’s compensation discussion · citing a 2025 filing
| Equity acceleration on change in control | ◇ |
Mark Walker
Executive Vice President and Chief Operating Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing
| Equity acceleration on change in control | ◇ |
Director compensation
What each non-employee director was paid.
Fiscal 2025
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
George W. Seagraves, II | ◇ | ◇ | — | — | — | — | ◇ |
Kellie L. Fischer | ◇ | ◇ | — | — | — | — | ◇ |
Lisa H. Jamieson | ◇ | ◇ | — | — | — | — | ◇ |
Samuel R. Fuller | ◇ | ◇ | — | — | — | — | ◇ |
Elizabeth (Betsy) Parmer | ◇ | ◇ | — | — | — | — | ◇ |
G.F. (Rick) Ringler, III | ◇ | — | — | — | — | — | ◇ |
Donald J. Tomnitz and Anthony W. Oxley 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 | ◇ |
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
- American Woodmark Corporation AMWD
- Beazer Homes USA, Inc. BZH
- Century Communities, Inc. CCS
- Five Point Holdings, LLC FPH
- Howard Hughes Holdings Inc. HHH
- JELD-WEN Holding, Inc. JELD
- LGI Homes, Inc. LGIH
- M/I Homes, Inc. MHO
- MasterBrand, Inc. MBC
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | January 19, 2026 | = | ◇ | ◇ | ◇ |
| 2024 | January 20, 2025 | = | ◇ | ◇ | ◇ |
| 2023 | January 16, 2024 | = | ◇ | ◇ | ◇ |
| 2022 | January 17, 2023 | = | ◇ | ◇ | ◇ |
| 2021 | January 24, 2022 | = | ◇ | ◇ | ◇ |
| 2020 | January 19, 2021 | = | ◇ | ◇ | ◇ |
| 2019 | January 23, 2020 | = | ◇ | ◇ | ◇ |
| 2018 | January 24, 2019 | = | ◇ | ◇ | ◇ |
| 2017 | May 8, 2018 | = | ◇ | ◇ | ◇ |
| 2015 | May 10, 2016 | = | ◇ | ◇ | ◇ |
Chief executive pay ratio
As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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- Anthony Oxley (President and Chief Executive Officer), FY2025 total compensation $4,188,576 (base salary $500,000) [exec_comp, SEC accession 0001628280-25-057287, filed 2025-12-16]What this page does not include
Everything above is a fact Forestar Group disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Forestar Group 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.
Executive Compensation Report — $1,500Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $499Realizable 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.
Velarion IntelligenceAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
242 figures on this page: 232 cited to the filing that reported them, 10 calculated from figures it prints.
232 cited to the filing
10 calculated from the filing
Documents cited
- 0001628280-26-002568Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001628280-25-057287CEO Pay Ratio · Compensation Discussion and Analysis · Director Compensation · Fiscal 2024 Grants of Plan-Based Awards · and 4 more sections
- 0001406587-25-000006Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001406587-24-000153Summary Compensation Table
- 0001406587-24-000004Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001406587-23-000137Summary Compensation Table
- 0001406587-23-000003
- 0001406587-22-000144Summary Compensation Table
- 0001406587-22-000003
- 0001406587-21-000003
- 0001193125-20-014201
- 0001193125-19-018907Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001406587-18-000006Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001406587-16-000086
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Forestar Group executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/FOR (accessed 2026).
Short form: data: Velarion
The paid brief for Forestar Group
Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $499 for the board report; $2,400 for both.
14 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Real Estate rankings
Peers Forestar Group discloses
The companies named in FOR's own disclosed peer group.
Terms on this page
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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}
}