| Stuart A. Miller, Lennar Corporation | 2014 Salary | % Total |
| % Change Vs. 2013 | Breakdown ($) | Comp |
| 30.64% | $ | |
| Base salary | 1,000,000 | 5.58% |
| Bonus | 0 | 0.00% |
| Stock Awards | 4,360,720 | 24.35% |
| Options Awards | 0 | 0.00% |
| Non-Equity Incentive | 12,540,413 | 70.02% |
| Change in Pension Value | 0 | 0.00% |
| All Other Comp | 8,410 | 0.05% |
| TOTAL COMP | 17,909,543 |
- Miller’s salary was unchanged from 2013.
- The amount of stock awards ticked up to $4,360,720, from $4,266,000 last year; and the amount of his non-equity incentive plan compensation was up from the $8,314,050 achieved in 2013.
- Approximately 94% of his total direct compensation (salary, annual incentive and long-term incentive) for fiscal 2014 was variable and tied directly to the financial performance of the company, including: revenues of $7.8 billion, up 31% year-over-year; deliveries of 21,003 homes, up 15%; new orders of 22,029 homes, up 16%; and revenues from home sales, which shot up 29% to $6.8 billion.
- The company does not cap cash bonuses. Miller was eligible to receive cash bonuses equal to 1.25% of the company’s pretax income. Based on the company’s pre-tax income of $1 billion, that amounted to $12,540,413
- On the stock awards, the company bases the decisions on recommendations of its senior management and Compensation Committee: “when considering the number of shares to award, the Compensation Committee did not assign a specific weight to any individual factor,” nor does it compare it to the company’s peer group.
