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....

Current Market Cap

$51.36B

Number of Employees

12.28K

Total Compensation

2018 - 2023

Trending up by 85.62% last year
Showing total compensation for the last 2018 - 2023

Stock

Up by 209.41% last year

Salary

Up by 0.00% last year

Bonus

Down by -27.17% last year

Other

Up by 53.70% last year

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.

SEC Filing

From February 29, 2024