During his tenure at Beazer Homes, McCarthy’s stock holdings fluctuated significantly. In 2010, he was granted over 356,596 shares of restricted stock at a grant price of $5.69, signaling the company’s strategy to align executive interests with those of shareholders....
During his tenure at Beazer Homes, McCarthy’s stock holdings fluctuated significantly. In 2010, he was granted over 356,596 shares of restricted stock at a grant price of $5.69, signaling the company’s strategy to align executive interests with those of shareholders. Interestingly, in 2009 he decided not to take stock options to allocate them for other employees during a time of financial strain. At peak, McCarthy’s holdings were substantial, reflecting confidence in Beazer’s recovery post-financial crisis. However, performance targets affected the realization of potential wealth, as many awards were forfeited when specific criteria were not met. By the time he left in 2011, his stock options had become a complex topic, balancing personal gain against the company’s financial health.