4. Douglas C. Yearley, Jr, Toll Brothers 2014 Salary % Total
% Change Vs. 2013 Breakdown ($) Comp
5.32%    
     
Base salary 1,000,000 9.93%
Bonus 0 0.00%
Stock Awards 3,516,000 34.91%
Options Awards 3,016,230 29.95%
Non-Equity Incentive 2,300,000 22.84%
Change in Pension Value 198,902 1.97%
All Other Comp 40,922 0.41%
TOTAL COMP 10,072,054  
  • Yearley’s base salary was the same as in 2013.
  • “The Compensation Committee recognized his continued efforts to enhance our brand, which were reflected in the Company being named "Builder of Year" by Builder magazine … “
  • By exceeding the year's performance goals, Yearley, merited a cash annual incentive bonus for fiscal 2014 performance of $2,300,000. Those performance metrics included:
         A. Revenues in fiscal 2014 of $3.91 billion and home building deliveries of 5,397 units rose 46% in dollars and 29% in units compared to fiscal 2013.
         B. Pre-tax income improved to $504.6 million in fiscal 2014, compared to pre-tax income of $267.7 million in fiscal 2013.
         C. Gross margin for fiscal 2014 was 21.2%, compared to 20.2% for fiscal 2013.
  • Yearley also received 100,000 shares pf performance-based RSUs, with the target goals divided equally between pre-tax income, home-building margin, and units delivered at $35.16 a share, that accounted for $3,516,000
  • Yearley earned an options award of $3,016,000.