2016 Executive Compensation Report: Homebuilders Annual and Long-Term Incentive Practices
Annual and Long-Term Incentive Practices for Executives at the Top 20 Homebuilders
The FTI Consulting, Inc. Homebuilders Annual and Long-Term Incentive report provides an overview of annual incentive plan (“AIP”) and long-term incentive (“LTI”) compensation practices at the largest 20 public homebuilders. Any reference in this report to “homebuilder(s)” only denotes the top 20 homebuilders included in the study.
The following information is based on our extensive review and analysis of compensation-related disclosure obtained through public documents filed with the Securities and Exchange Commission. FTI Consulting has specifically analyzed long-term incentive information disclosed within the most recently filed proxy statements. Our goal is to provide the most timely and accurate information available for a more in-depth understanding of the LTI vehicles used in the homebuilding industry.
The top 20 public homebuilders were determined based on year-end 2015 enterprise values. Enterprise value includes the value of common shares plus debt and the book value of any preferred shares less cash.