Beazer Homes CEO Allan Merrill
Gloede, Katherine
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.