Elizabeth (Lisa) K. Ingram has been leading M/I Homes, Inc. as CEO since February 2019. Under her guidance, the company achieved a record performance, which led her to earn a remarkable cash performance bonus of $3.85 million in 2023. Lisa...

Current Market Cap

$4.32B

Number of Employees

1.61K

Total Compensation

2019 - 2023

Trending up by 350.40% last year
Showing total compensation for the last 2019 - 2023

Stock

Up by 0.00% last year

Salary

Up by 122.22% last year

Bonus

Up by 548.15% last year

Other

Up by 223.97% last year

Year

2023

Total Compensation

$5.23M

Salary

$1.00M

Board Justification

The compensation philosophy is designed to attract and retain exceptional executives, motivate performance, align interests with shareholders, and reward performance through a mix of base salary, annual cash performance bonuses, and long-term equity awards.

Bonus

$3.85M

Board Justification

In 2023, the annual cash performance bonus was based on Adjusted Pre-Tax Income, with a maximum bonus opportunity of 385% of base salary. The actual amount earned was based on achieving an Adjusted Pre-Tax Income of $618 million, which resulted in the maximum performance bonus being awarded.

Other

$378.72K

Board Justification

Other compensation includes a vehicle allowance, personal use of company aircraft, tax reimbursements, life insurance premiums, and contributions to the 401(k) plan.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards vested in 2023 as the focus was on stock options and performance-based stock units, which are not included in this total.

Performance Metrics

The primary performance metric for the 2023 annual cash performance bonus was Adjusted Pre-Tax Income.

SEC Filing

From April 10, 2024

Elizabeth (Lisa) K. Ingram

CEO of M/I Homes

M

Education

Bachelor's degree from The Ohio State University.

Field of Expertise

Business & Management

Born

August 1, 1969 - 55 years ago

Is Founder?

No

Current Tenure

5 years 9 months (Feb 2019 - Present)

Previous Experience

President and Chief Executive Officer of White Castle System, Inc.