| 8. Richard J. Dugas, Jr., Pulte Group | 2014 Salary | % Total |
| % Change Vs. 2013 | Breakdown ($) | Comp |
| -44.55% | ||
| Base salary | 1,200,000 | 15.54% |
| Bonus | 0 | 0.00% |
| Stock Awards | 5,100,019 | 66.04% |
| Options Awards | 0.00% | |
| Non-Equity Incentive | 1,380,000 | 17.87% |
| Change in Pension Value | 0 | 0.00% |
| All Other Comp | 43,022 | 0.56% |
| TOTAL COMP | 7,723,041 |
- Dugas’ base salary was unchanged from 2013
- The $5,100,019 earned in stock awards was
split between two components:
A. Performance-based, for hitting a target threshold of $2,550,000 (out of a maximum possible $5,100,000). The performance metric used is consolidated earnings before interest and taxes, divided by consolidated shareholders’ equity plus consolidated debt.
B. Non-performance based award of 131,039 shares, adding up to a nearly identical $2,550,019 - The non-equity incentive payout of $1,380,000 was earned against four metrics, including pre-tax income, adjusted gross margin, SG&A expenses, and inventory turns. By hitting most of the targeted scores in those four areas, Dugas fell short of the maximum $3 million possible, but close to the targeted $1.5 million.
