LGI Homes CEO Eric Lipar's 2019 pay rises 2% to $4.3M
LGI Homes reports 2019 executive compensation
By ExecPay News
Published: March 19, 2020
LGI Homes reported fiscal year 2019 executive compensation information on March 19, 2020.
In 2019, five LGI Homes executives received on average a compensation package of $2M, a 6% increase compared to previous year.
Average pay of disclosed executives at LGI Homes
Eric Lipar, Chief Executive Officer, received $4.3M in total, which increased by 2% compared to 2018. 48% of Lipar's compensation, or $2.1M, was in stock awards. Lipar also received $1.3M in bonus, $825K in salary, as well as $47K in other compensation.
For fiscal year 2019, the median employee pay was $93,007 at LGI Homes. Therefore, the ratio of Eric Lipar's pay to the median employee pay was 46 to one.
Michael Snider, Chief Operating Officer, received a compensation package of $2.5M, which increased by 7% compared to previous year. 42% of the compensation package, or $1.1M, was in stock awards.
Charles Merdian, Chief Financial Officer, earned $1.7M in 2019, a 14% increase compared to previous year.
Jack Lipar, Executive Vice President of Acquisitions, received $861K in 2019, which increases by 12% compared to 2018.
Rachel Eaton, Chief Marketing Officer, earned $798K in 2019, a 7% increase compared to previous year.
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Source: SEC filing on March 19, 2020.