Douglas F. Bauer, Tri Pointe Homes | 2014 Salary | % Total |
% Change Vs. 2013 | Breakdown ($) | Comp |
7.95% | ||
Base salary | 500,000 | 23.97% |
Bonus | 150,000 | 7.19% |
Stock Awards | 499,993 | 23.97% |
Options Awards | 499,999 | 23.97% |
Non-Equity Incentive | 415,500 | 19.92% |
Change in Pension Value | 0 | 0.00% |
All Other Comp | 20,220 | 0.97% |
TOTAL COMP | 2,085,712 |
- Bauer’s base salary was increased from the $410,000 earned in 2013.
- Bauer’s cash bonus of $150,000 was in recognition of the completion of the company’s merger with Weyerhaeuser Real Estate Company.
- Bauer’s long-term incentive stock awards, a 50-50 combination of options and restricted stock units, equaling $499,999, and $499,994 respectively, were granted in April 2014, following the Compensation Committee’s approval, based on Bauer’s “ … responsibilities, skills, experience and contributions.”
- Bauer’s non-equity incentive of $415,500 was achieved by hitting a goal on EBITDA (out of a maximum $500,000). For fiscal year 2014, the EBITDA goal was $324.2 million. Actual EBITDA was approximately $269.4 million, or 83.1% of the EBITDA goal.