14. Dale Francescon, Century Communities | 2014 Salary | % Total |
Robert J. Francescon, Century Communities | Breakdown ($) | Comp |
% Change Vs. 2013 | ||
27.55% | ||
Base salary | 681,891 | 16.29% |
Bonus | 250,000 | 5.97% |
Stock Awards | 1,499,990 | 35.83% |
Options Awards | 0 | 0.00% |
Non-Equity Incentive | 1,687,500 | 40.31% |
Change in Pension Value | 0 | 0.00% |
All Other Comp | 66,842 | 1.60% |
TOTAL COMP | 4,186,223 |
- The co-CEOs each earned a raise in base salary, from $500,000 to $681,000, reflecting the fact that their compensation was raised to $750,000 during 2014, resulting in the odd amount.
- The non-equity incentive amount of $1,687,500 was earned by achieving, and exceeding, three performance metrics: a threshold of 520 closings, revenue of at least $205.9 million, and EBITDA of at least $18.8 million. They achieved the maximum on all counts (with actuals of 1,046 closings and revenue of $362.4 million, and EBITDA of $41.7 million).
- The $1,499,900 in stock awards were given out pre-IPO. In all, the co-CEOs were awarded 70,093 shares, determined in part by looking at its peer group, based on a price of $21.40.