| 9. Steven J. Hilton, Meritage Homes | 2014 Salary | % Total |
| % Change Vs. 2013 | Breakdown ($) | Comp |
| 3.66% | ||
| Base salary | 1,000,000 | 13.26% |
| Bonus | 0 | 0.00% |
| Stock Awards | 2,026,507 | 26.87% |
| Options Awards | 0 | 0.00% |
| Non-Equity Incentive | 4,477,378 | 59.38% |
| Change in Pension Value | 0 | 0.00% |
| All Other Comp | 36,687 | 0.49% |
| TOTAL COMP | 7,540,572 |
- Hilton’s base salary was reduced from 2013’s $1,017,500
- The non-equity
incentive amount of $4,477,378 was awarded based on three performance measures.
A. (60%) Targeted EBITDA as adjusted for specific and pre-determined items (adjusted EBITDA)—the target was $248,104, and the company hit $272,429;
B. (30%) Targeted number of home closings—the target was 5,668 and the company hit 5,682; and
C. (10%) Targeted customer satisfaction rating as determined by a third party rating agency. The target rating was 90 - The $2,026,507 in stock awards was cut between two components: $1,026,499 in performance-based stock awards, and a separate award of 21,930 shares making up the remaining $1,000,008.
