LGI Homes CEO Eric Lipar's 2021 pay rises 19% to $6.5M
LGI Homes reports 2021 executive compensation
By ExecPay News
Published: March 17, 2022
LGI Homes reported fiscal year 2021 executive compensation information on March 17, 2022.
In 2021, five LGI Homes executives received on average a compensation package of $2.8M, a 11% increase compared to previous year.
Average pay of disclosed executives at LGI Homes
Eric Lipar, Chief Executive Officer, received $6.5M in total, which increased by 19% compared to 2020. 49% of Lipar's compensation, or $3.2M, was in stock awards. Lipar also received $2.3M in bonus, $950K in salary, as well as $67K in other compensation.
For fiscal year 2021, the median employee pay was $123,976 at LGI Homes. Therefore, the ratio of Eric Lipar's pay to the median employee pay was 53 to one.
Michael Snider, Chief Operating Officer, received a compensation package of $3.1M, which increased by 3% compared to previous year. 40% of the compensation package, or $1.3M, was in bonus.
Charles Merdian, Chief Financial Officer, earned $2.3M in 2021, a 9% increase compared to previous year.
Rachel Eaton, Chief Marketing Officer, received $1.1M in 2021, which increases by 5% compared to 2020.
Jack Lipar, Executive Vice President of Acquisitions, earned $1.1M in 2021, a 5% increase compared to previous year.
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Source: SEC filing on March 17, 2022.