Lennar reports 2018 executive compensation
Chairman Stuart Miller receives $20.1M
Lennar reported fiscal year 2018 executive compensation information on February 28, 2019.
In 2018, seven Lennar executives received on average a compensation package of $9,805,078, a 16% decrease compared to previous year.Average pay of disclosed executives at Lennar
Stuart Miller, Chairman, received $20,071,171 in total, which increased by 5% compared to 2017. 47.88% of Miller's compensation, or $9,610,800, was in non-equity incentive plan. Miller also received $1,000,000 in salary, $9,451,218 in stock awards, as well as $9,153 in other compensation.
For fiscal year 2018, the median employee pay was $88,244 at Lennar. Therefore, the ratio of Stuart Miller's pay to the median employee pay was 227 to one.
Rick Beckwitt, Chief Executive Officer, received a compensation package of $17,583,466, which increased by 3% compared to previous year. 48.11% of the compensation package, or $8,459,292, was in stock awards.
Jonathan M. Jaffe, President, earned $15,511,237 in 2018, a 3% increase compared to previous year.
Jeff McCall, Senior Vice President, received $5,471,342 in 2018.
Bruce Gross, Chief Financial Officer, earned $4,517,876 in 2018, a 12% decrease compared to previous year.
Diane J. Bessette, Chief Financial Officer, received $3,016,630 in 2018.
Mark Sustana, General Counsel, earned $2,463,826 in 2018, a 9% increase compared to previous year.
Lennar's fiscal year ends on November 30.