Eric Lipar is the CEO and Chairman of LGI Homes, a company he co-founded. He has a degree in Business Administration from the University of Texas at Austin and has worked in the residential land development industry since the mid-1990s....

Number of Employees

1.09K

Year

2022

Total Compensation

$2.49M

Salary

$975.00K

Board Justification

The executive compensation program links the pay of each NEO to performance and advancement of LGI’s overall annual and long-term performance and business strategies, aligning interests with those of stockholders and encouraging high-performing NEOs to remain with LGI.

Bonus

$590.09K

Board Justification

The total Annual Bonus payment to be earned by each participating NEO was based (i) 75% on the pre-tax net income during 2022 as compared to target and (ii) 25% on the number of home closings during 2022 as compared to the target. The payouts could range from 0% - 200% of the target annual bonus amount depending on the results achieved as compared to the threshold, target, and maximum for each measure.

Other

$53.96K

Board Justification

Includes 401(k) match, car allowance, and other benefits.

Restricted Stock

$867.60K(7.3K RSU)

Board Justification

RSUs granted on March 15, 2022 that vested on the third anniversary of the grant date.

Performance Metrics

Pre-tax net income and home closings performance measures.

SEC Filing

From March 15, 2024

Eric Lipar

Founder and Ex-CEO of LGI Homes

EL

Education

Bachelor's degree in Business Administration from University of Texas at Austin.

Field of Expertise

Business & Management

Born

January 1, 1971 - 54 years ago

Is Founder?

Yes

Tenure

8 years 4 months (Aug 2013 - Jan 2022)

Previous Experience

CEO of LGI Homes, Inc. since 2013, previously held various positions in the company since its founding in 2003.