5. Donald J. Tomnitz, DR Horton | 2014 Salary | % Total |
% Change Vs. 2013 | Breakdown ($) | Comp |
-10.79% | ||
Base salary | 900,000 | 9.67% |
Bonus | 0 | 0.00% |
Stock Awards | 2,946,000 | 31.65% |
Options Awards | 373,663 | 4.01% |
Non-Equity Incentive | 4,885,110 | 52.49% |
Non-Qualified Deferred | 101,170 | 1.09% |
All Other Comp | 100,805 | 1.08% |
TOTAL COMP | 9,306,748 | 100.00% |
- Tomnitz’s base salary was unchanged from 2013.
- For 2014,Tomnitz was eligible to earn annual short-term incentive bonuses up to a maximum 0.6% of pre-tax income, which resulted in $2,349,338 paid for the semi-annual period ended March 31, 2014 and $2,535,772 paid for the semi-annual period ended September 30, 2014, for a total annual cash bonus of $4,885,110.
- The company’s awarding of performance-based stock is contingent on how it measures up against the S&P 500 Index on relative total shareholder return, as well as against the ROI, SG&A and GP of its peer group. The company achieved second-place on the first two counts, and fifth place on relative GP. As a result, Tomnitz achieved 150,000 restricted stock units based on performance, and at $19.64 a share, that equaled to $2,946,000