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Stuart Miller is the Co-CEO and Executive Chairman of Lennar Corporation, one of the biggest homebuilders in the U.S. He has been with the company for over 40 years, which gives him a lot of experience in the housing market....

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Stuart Miller

CEO of Lennar

Education

Bachelor's degree from Harvard University

Field of Expertise

Real Estate & Construction - Real Estate

Sector of Economy

Consumer Cyclical

Born

November 1, 1958 - 66 years ago

CEO of Lennar for

1 year 7 months (Sep 2023 - Present)

Previous Experience

Executive Chairman of Lennar Corporation

Holdings

See how much did Stuart Miller make over time.

Stuart Miller has a significant ownership stake in Lennar Corporation, holding a substantial amount of Class B shares. These shares are valuable due to their high voting power, giving him considerable influence over company decisions. In recent times, he fluctuated...

Insider Trading

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No insider trades found for this CEO.

Compensation History

See how much did Stuart Miller make over time.

Stuart Miller's compensation reflects his alignment with Lennar's goals. In 2023, his total earnings were around $343 million. This figure includes a $1 million salary and a cash bonus capped at $7 million, which is tethered to Lennar's pretax income. Most of his compensation comes from stock awards, valued at about $29 million, that are designed to reward him for long-term performance. His pay structure is built to drive better results for shareholders. Despite the changes in his role over the years, his overall compensation strategy remains focused on the company’s success rather than just personal profit. This structure ensures that as Lennar thrives, so does Miller, highlighting a company culture that encourages shared success between executives and shareholders.

Year

2023

Total Compensation

$37.26M

Salary

$1.00M

Board Justification

The compensation philosophy emphasizes aligning executive compensation with company performance and shareholder interests, with a significant portion of compensation tied to performance-based equity awards.

Bonus

$7.00M

Board Justification

The cash bonus for fiscal 2023 was determined based on a percentage of the company's pretax income after a capital charge, with a maximum payout cap of $7 million.

Other

$14.07K

Board Justification

Other compensation includes a 401(k) match and other benefits.

Restricted Stock

$29.24M(297.84K common stock)

Board Justification

The stock awards that vested in 2023 were based on performance-based and service-based restricted stock grants, with the total value realized on vesting being $29,242,734.

Performance Metrics

The performance metrics for determining the cash bonus were based on the company's pretax income after a capital charge.

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