Real Estate

LGI Homes Executive Compensation (FY25)

LGIH · The Woodlands, TX · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Eric Lipar
Latest say-on-pay support
=
April 23, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of October 22, 2026Latest filing (8-K): April 27, 2026
13 filings cited on this page
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217 figures on this page: 208 cited to the filing that reported them, 9 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 — Eric Lipar: $6,165,906 → $5,182,051 (16.0% lower)
Say-on-pay support: 96.6% → 97.1% (0.5 points higher)
CEO pay ratio: 56:1 → 50:1 (10.7% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is LGI Homes' chief executive and what were they paid?
Total compensation for Eric Lipar, Chief Executive Officer and Chairman of the Board, came to $5,182,051 in fiscal 2025. Compared with the $6,165,906 reported for fiscal 2024, Lipar's total was 16.0% lower.
What was LGI Homes' say-on-pay result?
The say-on-pay proposal drew 97.1% of votes cast including abstentions in favor at the meeting held April 23, 2026 for fiscal 2025.
Which companies are in LGI Homes' peer group?
The disclosed peer group names Beazer Homes USA, Inc., Century Communities, Inc., Dream Finders Homes, Inc., Green Brick Partners, Inc. and Hovnanian Enterprises, Inc., among others.
What is LGI Homes' chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 50:1, against median employee compensation of $103,539.

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
Eric Lipar
Chief Executive Officer and Chairman of the Board
◇◇◇———◇◇
Michael Snider
President and Chief Operating Officer
◇◇◇———◇◇
Charles Merdian
Chief Financial Officer and Treasurer
◇◇◇———◇◇
Scott Garber
General Counsel and Corporate Secretary
◇◇◇———◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Eric Lipar
Chief Executive Officer and Chairman of the Board
◇◇◇———◇◇
Michael Snider
President and Chief Operating Officer
◇◇◇———◇◇
Charles Merdian
Chief Financial Officer and Treasurer
◇◇◇———◇◇
Scott Garber
General Counsel and Corporate Secretary
◇◇◇———◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Eric Lipar
Chief Executive Officer and Chairman of the Board
◇◇◇———◇◇
Michael Snider
President and Chief Operating Officer
◇◇◇———◇◇
Charles Merdian
Chief Financial Officer and Treasurer
◇◇◇———◇◇
Scott Garber
General Counsel and Corporate Secretary
◇◇◇———◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Eric Lipar
Chief Executive Officer and Chairman of the Board
◇—◇———◇◇
Michael Snider
President and Chief Operating Officer
◇—◇———◇◇
Charles Merdian
Chief Financial Officer and Treasurer
◇—◇———◇◇
Scott Garber
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
Charles MerdianRSU◇——◇——◇
Charles MerdianPSU◇◇◇—◇—◇
Eric LiparPSU◇◇◇—◇—◇
Eric LiparRSU◇——◇——◇
Michael SniderPSU◇◇◇—◇—◇
Michael SniderRSU◇——◇——◇
Scott GarberPSU◇◇◇—◇—◇
Scott GarberRSU◇——◇——◇
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
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Scott GarberRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Eric LiparRSU◇◇——
RSU◇◇——
RSU◇◇——
Charles MerdianRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Michael SniderRSU◇◇——
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.
Charles Merdian
Chief Financial Officer and Treasurer · Terms as described in the company’s compensation discussion · citing a 2026 filing
Change-in-control multiple◇
Benefits continuation on change in control◇
Eric Lipar
Chief Executive Officer and Chairman of the Board · Employment agreement · citing a 2026 filing
Severance multiple◇
Severance base◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Michael Snider
President and Chief Operating Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Clawback◇
Scott Garber
General Counsel and Corporate Secretary · Terms as described in the company’s compensation discussion · citing a 2026 filing
Change-in-control multiple◇
Benefits continuation on change in control◇
Clawback◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Bryan Sansbury
Lead independent director
◇◇————◇
Ryan Edone
◇◇————◇
Maria Sharpe
◇◇————◇
Steven Smith
◇◇————◇
Robert Vahradian
◇◇————◇
Shailee Parikh
◇◇————◇
Eric Lipar 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◇
Compensation committee chair◇
Nominating and governance chair◇
Equity is delivered as restricted stock units.

Disclosed peer group

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

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025April 23, 2026=◇◇◇
2024April 24, 2025=◇◇◇
2023April 25, 2024=◇◇◇
2022April 27, 2023=◇◇◇
2021April 28, 2022=◇◇◇
2020April 29, 2021=◇◇◇
2019April 30, 2020=◇◇◇
2018May 2, 2019=◇◇◇
2017May 3, 2018=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

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Sample answer — “What is the CEO’s total compensation?”
- Eric Lipar (Chief Executive Officer and Chairman of the Board), FY2025 total compensation $5,182,051 (base salary $975,000) [exec_comp, SEC accession 0001580670-26-000030, filed 2026-03-13]

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What this page does not include

Everything above is a fact LGI Homes disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where LGI Homes 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 — $1,500
Written 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 — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
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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.
217 figures on this page: 208 cited to the filing that reported them, 9 calculated from figures it prints.
208 cited to the filing
9 calculated from the filing

Documents cited

  1. 0001580670-26-000039
    Item 3) The advisory vote on the compensation paid to the named executive officers for 2025 was approved: For Against Abstentions Broker Non-Votes
  2. 0001580670-26-000030
    Compensation Discussion and Analysis · Grants of Plan-Based Awards · Non-Employee Director Compensation · Pay Ratio · and 1 more section
  3. 0001580670-25-000042
    Item 3) The advisory vote on the compensation paid to the named executive officers for 2024 was approved: For Against Abstentions Broker Non-Votes
  4. 0001580670-25-000028
    Non-Employee Director Compensation · Summary Executive Compensation Table
  5. 0001580670-24-000031
  6. 0001580670-24-000020
    Summary Executive Compensation Table
  7. 0001580670-23-000068
  8. 0001580670-23-000050
    Summary Executive Compensation Table
  9. 0001580670-22-000060
  10. 0001580670-21-000056
  11. 0001580670-20-000042
  12. 0001580670-19-000053
  13. 0001580670-18-000025
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “LGI Homes executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/LGIH (accessed 2026).
Short form: data: Velarion

The LGI Homes 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.
From $499 for the board report; $2,400 for both.
13 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 LGI Homes discloses

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

Terms on this page

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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