LGI Homes CEO Eric Lipar's 2020 pay jumps 29% to $5.5M
LGI Homes reports 2020 executive compensation
By ExecPay News
Published: March 18, 2021
LGI Homes reported fiscal year 2020 executive compensation information on March 18, 2021.
In 2020, five LGI Homes executives received on average a compensation package of $2.5M, a 26% increase compared to previous year.
Average pay of disclosed executives at LGI Homes
Eric Lipar, Chief Executive Officer, received $5.5M in total, which increased by 29% compared to 2019. 46% of Lipar's compensation, or $2.6M, was in stock awards. Lipar also received $2M in bonus, $850K in salary, as well as $67K in other compensation.
For fiscal year 2020, the median employee pay was $112,614 at LGI Homes. Therefore, the ratio of Eric Lipar's pay to the median employee pay was 49 to one.
Michael Snider, Chief Operating Officer, received a compensation package of $3M, which increased by 21% compared to previous year. 41% of the compensation package, or $1.2M, was in bonus.
Charles Merdian, Chief Financial Officer, earned $2.1M in 2020, a 26% increase compared to previous year.
Rachel Eaton, Chief Marketing Officer, received $1.1M in 2020, which increases by 35% compared to 2019.
Jack Lipar, Executive Vice President of Acquisitions, earned $1M in 2020, a 18% increase compared to previous year.
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Source: SEC filing on March 18, 2021.