| 7. Allan P. Merrill, Beazer Homes USA Inc | 2014 Salary | % Total |
| % Change Vs. 2013 | Breakdown ($) | Comp |
| 182.24% | ||
| Base salary | 900,000 | 11.18% |
| Bonus | 0 | 0.00% |
| Stock Awards | 4,884,775 | 60.70% |
| Options Awards | 685,420 | 8.52% |
| Non-Equity Incentive | 1,469,337 | 18.26% |
| Change in Pension Value | 0 | 0.00% |
| All Other Comp | 107,800 | 1.34% |
| TOTAL COMP | 8,047,332 |
- Merrill’s
base salary was unchanged from 2013
- The
non-equity incentive of $1,469,337 was a combination of two performance-related
targets:
A. One was adjusted EBITDA ($1,127,369, out of a possible maximum of $1.35 million). The target EBITDA goal was $130 million, and the company achieved $128.3 million.
B.The other was a customer-related component that looked at a specified customer experience score as surveyed by a third-party, and achieving four net sales within 30 days of grand openings. Since the company didn’t achieve the second goal, the award was reduced ($341, 968, out of a possible award opportunity of $1.35 million). - The stock award amount of $4,884,775 is comprised of two components: 250,000 shares off time-based restricted stock ($4,727,500) and 13,500 shares of TSR performance shares ($157,275), separately issued and priced at $19.19 per.
