Steven J. Hilton, Meritage Homes CEO.
Steven J. Hilton, Meritage Homes CEO, Photo Credit Meritage Homes.
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.