MDC Holdings reports 2018 executive compensation

CEO Larry A. Mizel receives $11.6M

MDC Holdings reported fiscal year 2018 executive compensation information on March 4, 2019.

In 2018, four executives at MDC Holdings received on average a compensation package of $6,569,577, a 19% increase compared to previous year.

Average pay of disclosed executives at MDC Holdings

Larry A. Mizel, Chief Executive Officer, received $11,605,548 in total, which increased by 21% compared to 2017. 43.08% of Mizel's compensation, or $5,000,000, was in non-equity incentive plan. Mizel also received $1,383,620 in option awards, $1,000,000 in salary, $4,030,967 in stock awards, as well as $190,961 in other compensation.

David D. Mandarich, Chief Operating Officer, received a compensation package of $11,253,197, which increased by 21% compared to previous year. 44.43% of the compensation package, or $5,000,000, was in non-equity incentive plan.

Robert N. Martin, Chief Financial Officer, earned $2,460,594 in 2018, a 8% increase compared to previous year.

Michael Touff, General Counsel, received $958,970 in 2018, which increases by 12% compared to 2017.