3: Jeffrey T. Mezger, KB Home
Thanks to nearly a 50% boost in compensation, KB Home's Jeffrey Mezger jumped from 10th to fourth highest-compensated CEO among public home builders.
T. Mezger, KB Home
|% Change Vs.
|All Other Comp
- Mezger’s base
salary has been unchanged since 2006.
- His maximum
annual incentive was based on targets for both pretax income and revenue. But
while the company exceeded pretax income targets by more than 6%, it fell
4% below its revenue target, resulting in a lower $2,034,750 payout than
the $2,725,500 paid in 2013.
- The payout of a
$790,000 long-term incentive plan cash award was the result of a 2011 three-year award—the award was earned based on an adjusted operating income
improvement of nearly $250 million over the performance period.
- The $830,924
change in pension value is an actuarial-based changed tied to interest
- The $5,500,000
in stock and option awards was the result of an increase in total grant
value for retention as well as performance. The PSUs amounted to $2.86
million, and the stock options accounted for $2.64 million. The PSUs are
based on earnings per share growth (50%), return on capital invested (20%)
and revenue growth rank vs. its peer group (30%)