12. Robert H. Schottenstein, M/I Homes | 2014 Salary | % Total |
% Change Vs. 2013 | Breakdown ($) | Comp |
21.34% | ||
Base salary | 900,000 | 18.06% |
Bonus | 0 | 0.00% |
Stock Awards | 585,911 | 11.76% |
Options Awards | 1,042,800 | 20.93% |
Non-Equity Incentive | 2,441,565 | 49.01% |
Change in Pension Value | 0 | 0.00% |
All Other Comp | 11,954 | 0.24% |
TOTAL COMP | 4,982,230 |
- Schottenstein’s base salary was unchanged from 2013.
- Schottenstein’s non-equity incentive was reached by achieving an adjusted pre-tax income of $73.2 million, an increase of more than 55% from 2013, more than the target 40% but short of the maximum. The $2,441,565 represented 78% of his maximum potential performance bonus opportunity of 2014.
- Schottenstein was awarded options to purchase 82,500 common Shares, with an aggregate grant date fair value of $1,042,800. The award represents the same number of service-based stock options that he received in 2013.