Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-08-19

Forestar Group Inc. (FOR)

CEO Anthony Oxley was paid $4,188,576 in fiscal year 2025, ↑ up 52.2% from fiscal year 2024, the 1st percentile of its disclosed peer group (SEC filing 0001628280-25-057287 ↗): executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$4,188,576 ↑
Anthony Oxley total, FY2025
1st
CEO pay percentile vs peers
25:1
CEO-to-median pay ratio
97.81%
Say-on-pay support, latest vote

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Sample answer — “What is the CEO’s total compensation?”
- Anthony Oxley (President and Chief Executive Officer), FY2025 total compensation $4,188,576 (base salary $500,000) [exec_comp, SEC accession 0001628280-25-057287, filed 2025-12-16]

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FOR's next annual pay disclosure, estimated December 16, 2026.est. Filing ↗

Page 2 of 35 of the Forestar Group Inc. Executive Compensation Report, as it is delivered: Executive Summary.

That is page 2 of 35 of the full Executive Compensation Report, shown as it is delivered. The rest:

  1. Summary Compensation Table
  2. Equity transactions since the proxy statement
  3. Grants of plan-based awards
  4. Outstanding equity awards at fiscal year-end
  5. Incentive-plan design (CD&A)
  6. Say-on-pay
  7. CEO pay ratio
  8. Director compensation
  9. Board fee structure and ownership guideline
  10. Disclosed peer group
  11. Source register

Every figure above cites the filing it came from (accession 0001628280-25-057287, filed 2026-08-19) — see the source register, §11.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Anthony Oxley$500,000$0$2,247,640$0$1,315,677$55,958$69,301$4,188,576
President and Chief Executive Officer
Mark Walker400,00001,353,9100767,478053,7022,575,090
Executive Vice President and Chief Operating Officer
Donald Tomnitz500,00001,205,3460548,199068,4242,321,969
Executive Chairman
James Allen400,0000994,2630438,559054,4781,887,300
Executive Vice President, Chief Financial Officer and Treasurer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Anthony Oxley$4,188,576$2,752,806—↑ +1,435,770
Mark Walker2,575,0901,353,2761,087,552↑ +1,221,814
Donald Tomnitz2,321,9692,788,3292,567,283↓ −466,360
James Allen1,887,3001,409,0731,288,240↑ +478,227

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

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$4,188,576 Anthony Oxley total, FY2025

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Data as of August 19, 2026 · Source: 0001628280-25-057287 · Velarion Executive Compensation Database, deposited on Zenodo (doi:10.5281/zenodo.22283855).

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Companies that benchmark against FOR
4 companies name FOR as a compensation peer

Each company listed discloses FOR in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named FOR in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

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01c

Board of directors

One page per director: the seat, the committees and the fee table, read for one person at a time.

DirectorRoleFY2025 total
Elizabeth (Betsy) ParmerIndependent Director$137,548
G.F. (Rick) Ringler, IIIIndependent Director$16,875
George W. Seagraves, IIIndependent Director$280,047
Kellie L. FischerIndependent Director$277,547
Lisa H. JamiesonIndependent Director$140,048
Samuel R. FullerIndependent Director$140,048
02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Elizabeth (Betsy) ParmerDirector2026-03-01D2,000$0$0Derivative, Class A CommonForm 4 ↗
Elizabeth (Betsy) ParmerDirector2026-03-01A2,00000CommonForm 4 ↗
Dividend-equivalent accruals2026-03-18—1,554——1 insider, 1 accrual row
Mark WalkerChief Operating Officer2026-03-18D7752519,166CommonForm 4 ↗
Mark WalkerChief Operating Officer2026-03-18A1,55400CommonForm 4 ↗
James AllenChief Financial Officer2026-03-18D2,33000Derivative, Class A CommonForm 4 ↗
James AllenChief Financial Officer2026-03-18D8632521,342CommonForm 4 ↗
James AllenChief Financial Officer2026-03-18A2,33000CommonForm 4 ↗
Elizabeth (Betsy) ParmerDirector2026-03-21A1,09600CommonForm 4 ↗
Dividend-equivalent accruals2026-03-21—3,288——3 insiders, 3 accrual rows
Samuel R. FullerDirector2026-03-21A1,09600CommonForm 4 ↗
Lisa H. JamiesonDirector2026-03-21A1,09600CommonForm 4 ↗
Donald J. TomnitzDirector2026-03-21D12,03300Derivative, Class A CommonForm 4 ↗
Donald J. TomnitzDirector2026-03-21D4,45324108,163CommonForm 4 ↗
Donald J. TomnitzDirector2026-03-21A12,03300CommonForm 4 ↗
James AllenChief Financial Officer2026-03-21D5,42000Derivative, Class A CommonForm 4 ↗
James AllenChief Financial Officer2026-03-21D2,0062448,726CommonForm 4 ↗
James AllenChief Financial Officer2026-03-21A5,42000CommonForm 4 ↗
Mark WalkerChief Operating Officer2026-03-21D4,06500Derivative, Class A CommonForm 4 ↗
Mark WalkerChief Operating Officer2026-03-21D1,9462447,268CommonForm 4 ↗
Mark WalkerChief Operating Officer2026-03-21A4,06500CommonForm 4 ↗
Dividend-equivalent accruals2026-03-28—5,188——5 insiders, 5 accrual rows
Samuel R. FullerDirector2026-03-28A40200CommonForm 4 ↗
Lisa H. JamiesonDirector2026-03-28A40200CommonForm 4 ↗
Elizabeth (Betsy) ParmerDirector2026-03-28A40200CommonForm 4 ↗
Mark WalkerChief Operating Officer2026-03-28D8872522,006CommonForm 4 ↗
Mark WalkerChief Operating Officer2026-03-28A1,99100CommonForm 4 ↗
James AllenChief Financial Officer2026-03-28D7372518,285CommonForm 4 ↗
James AllenChief Financial Officer2026-03-28A1,99100CommonForm 4 ↗
Anthony W. OxleyDirector2026-03-28D4,97700Derivative, Class A CommonForm 4 ↗
Anthony W. OxleyDirector2026-03-28D1,9592548,603CommonForm 4 ↗
Anthony W. OxleyDirector2026-03-28A4,97700CommonForm 4 ↗
Donald J. TomnitzDirector2026-03-28D4,97700Derivative, Class A CommonForm 4 ↗
Donald J. TomnitzDirector2026-03-28D1,8422545,700CommonForm 4 ↗
Donald J. TomnitzDirector2026-03-28A4,97700CommonForm 4 ↗
Mark WalkerChief Operating Officer2026-03-31D2,81500Derivative, Class A CommonForm 4 ↗
Mark WalkerChief Operating Officer2026-03-31D1,2542430,648CommonForm 4 ↗
Mark WalkerChief Operating Officer2026-03-31A2,81500CommonForm 4 ↗
James AllenChief Financial Officer2026-03-31D4,50500Derivative, Class A CommonForm 4 ↗
James AllenChief Financial Officer2026-03-31D1,6672440,741CommonForm 4 ↗
James AllenChief Financial Officer2026-03-31A4,50500CommonForm 4 ↗
Elizabeth (Betsy) ParmerDirector2026-06-02D2,5352769,560CommonForm 4 ↗
Lisa H. JamiesonDirector2026-08-18D3,0002987,750CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

View all 49 transactions
InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Elizabeth (Betsy) ParmerDirector2026-03-01D2,000$0$0Derivative, Class A CommonForm 4 ↗
Elizabeth (Betsy) ParmerDirector2026-03-01A2,00000CommonForm 4 ↗
Mark WalkerChief Operating Officer2026-03-18D1,55400Derivative, Class A CommonForm 4 ↗
Mark WalkerChief Operating Officer2026-03-18D7752519,166CommonForm 4 ↗
Mark WalkerChief Operating Officer2026-03-18A1,55400CommonForm 4 ↗
James AllenChief Financial Officer2026-03-18D2,33000Derivative, Class A CommonForm 4 ↗
James AllenChief Financial Officer2026-03-18D8632521,342CommonForm 4 ↗
James AllenChief Financial Officer2026-03-18A2,33000CommonForm 4 ↗
Elizabeth (Betsy) ParmerDirector2026-03-21A1,09600CommonForm 4 ↗
Samuel R. FullerDirector2026-03-21D1,09600Derivative, Class A CommonForm 4 ↗
Samuel R. FullerDirector2026-03-21A1,09600CommonForm 4 ↗
Lisa H. JamiesonDirector2026-03-21D1,09600Derivative, Class A CommonForm 4 ↗
Lisa H. JamiesonDirector2026-03-21A1,09600CommonForm 4 ↗
Elizabeth (Betsy) ParmerDirector2026-03-21D1,09600Derivative, Class A CommonForm 4 ↗
Donald J. TomnitzDirector2026-03-21D12,03300Derivative, Class A CommonForm 4 ↗
Donald J. TomnitzDirector2026-03-21D4,45324108,163CommonForm 4 ↗
Donald J. TomnitzDirector2026-03-21A12,03300CommonForm 4 ↗
James AllenChief Financial Officer2026-03-21D5,42000Derivative, Class A CommonForm 4 ↗
James AllenChief Financial Officer2026-03-21D2,0062448,726CommonForm 4 ↗
James AllenChief Financial Officer2026-03-21A5,42000CommonForm 4 ↗
Mark WalkerChief Operating Officer2026-03-21D4,06500Derivative, Class A CommonForm 4 ↗
Mark WalkerChief Operating Officer2026-03-21D1,9462447,268CommonForm 4 ↗
Mark WalkerChief Operating Officer2026-03-21A4,06500CommonForm 4 ↗
Samuel R. FullerDirector2026-03-28D40200Derivative, Class A CommonForm 4 ↗
Samuel R. FullerDirector2026-03-28A40200CommonForm 4 ↗
Lisa H. JamiesonDirector2026-03-28D40200Derivative, Class A CommonForm 4 ↗
Lisa H. JamiesonDirector2026-03-28A40200CommonForm 4 ↗
Elizabeth (Betsy) ParmerDirector2026-03-28D40200Derivative, Class A CommonForm 4 ↗
Elizabeth (Betsy) ParmerDirector2026-03-28A40200CommonForm 4 ↗
Mark WalkerChief Operating Officer2026-03-28D1,99100Derivative, Class A CommonForm 4 ↗
Mark WalkerChief Operating Officer2026-03-28D8872522,006CommonForm 4 ↗
Mark WalkerChief Operating Officer2026-03-28A1,99100CommonForm 4 ↗
James AllenChief Financial Officer2026-03-28D1,99100Derivative, Class A CommonForm 4 ↗
James AllenChief Financial Officer2026-03-28D7372518,285CommonForm 4 ↗
James AllenChief Financial Officer2026-03-28A1,99100CommonForm 4 ↗
Anthony W. OxleyDirector2026-03-28D4,97700Derivative, Class A CommonForm 4 ↗
Anthony W. OxleyDirector2026-03-28D1,9592548,603CommonForm 4 ↗
Anthony W. OxleyDirector2026-03-28A4,97700CommonForm 4 ↗
Donald J. TomnitzDirector2026-03-28D4,97700Derivative, Class A CommonForm 4 ↗
Donald J. TomnitzDirector2026-03-28D1,8422545,700CommonForm 4 ↗
Donald J. TomnitzDirector2026-03-28A4,97700CommonForm 4 ↗
Mark WalkerChief Operating Officer2026-03-31D2,81500Derivative, Class A CommonForm 4 ↗
Mark WalkerChief Operating Officer2026-03-31D1,2542430,648CommonForm 4 ↗
Mark WalkerChief Operating Officer2026-03-31A2,81500CommonForm 4 ↗
James AllenChief Financial Officer2026-03-31D4,50500Derivative, Class A CommonForm 4 ↗
James AllenChief Financial Officer2026-03-31D1,6672440,741CommonForm 4 ↗
James AllenChief Financial Officer2026-03-31A4,50500CommonForm 4 ↗
Elizabeth (Betsy) ParmerDirector2026-06-02D2,5352769,560CommonForm 4 ↗
Lisa H. JamiesonDirector2026-08-18D3,0002987,750CommonForm 4 ↗
03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Mark WalkerRSU2024-11-20——17,710—$511,996
Mark WalkerRSU2024-11-20——17,710—511,996
Donald TomnitzPSU2024-10-308,95417,907—35,814630,326
Donald TomnitzRSU2024-11-20——19,890—575,020
Anthony OxleyPSU2024-10-3019,85439,707—79,4141,397,686
Anthony OxleyRSU2024-11-20——29,400—849,954
James AllenPSU2024-10-308,78317,565—35,130618,288
James AllenRSU2024-11-20——13,005—375,975
Donald TomnitzPSU2024-10-308,95417,907—35,814630,326
Donald TomnitzRSU2024-11-20——19,890—575,020
Anthony OxleyPSU2024-10-3019,85439,707—79,4141,397,686
Anthony OxleyRSU2024-11-20——29,400—849,954
James AllenPSU2024-10-308,78317,565—35,130618,288
James AllenRSU2024-11-20——13,005—375,975
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Mark Walker$1,023,992$0$00.0%
Donald Tomnitz1,150,0401,260,652052.3%
Anthony Oxley1,699,9082,795,372062.2%
James Allen751,9501,236,576062.2%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Donald TomnitzRSU9,397—$249,866
Anthony OxleyRSU1,608—39,107
Donald TomnitzRSU12,033—319,957
Anthony OxleyRSU29,400—781,746
James AllenRSU2,330—61,955
Mark WalkerRSU12,195—324,265
Anthony OxleyRSU9,954—264,677
Donald TomnitzRSU17,907—476,147
Mark WalkerRSU5,630—149,702
Mark WalkerRSU7,962—211,710
James AllenRSU17,565—467,053
Anthony OxleyRSU39,707—1,055,809
James AllenRSU12,519—332,880
Donald TomnitzRSU19,148—509,145
Anthony OxleyRSU520—12,646
Anthony OxleyRSU1,522—37,015
Anthony OxleyRSU1,737—42,244
James AllenRSU8,504—226,121
James AllenRSU15,451—410,842
James AllenRSU7,590—201,818
Mark WalkerRSU1,554—41,321
Mark WalkerRSU23,918—635,980
Mark WalkerRSU17,710—470,909
05

Incentive-plan design — the Compensation Discussion & Analysis

Our executive compensation program is designed to attract, retain and motivate talented executives to achieve the Company's key financial and strategic objectives and reward superior individual performance, with an overall emphasis on maximizing shareholder value.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantLockton Companies
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingProhibiting the pledging of the Company's common stock will further minimize compensation risk
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-01-1945,275,4261,011,86321,56397.81%Passed
20252025-01-2045,273,9531,446,71188,79596.9%Passed
20242024-01-1645,607,215293,10756,78399.36%Passed
20232023-01-1745,435,099862,88543,65298.14%Passed
20222022-01-2445,268,536366,043241,41099.2%Passed
20212021-01-1943,645,309348,941195,46899.21%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-01-1997.81%a
20252025-01-2096.9%b
20242024-01-1699.36%c

a. Approved under the standard stated in the filing — “An abstention with respect to each of Proposal 1, Proposal 2 and Proposal 3 will not be counted as a vote "cast" for or against the proposal.”.

b. Approved under the standard stated in the filing — “An abstention with respect to each of Proposal 1, Proposal 2 and Proposal 4 will not be counted as a vote "cast" for or against the proposal.”.

c. Approved under the standard stated in the filing — “An abstention with respect to any proposal will not be counted as a vote "cast" for or against the proposal.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)25 : 1
CEO total compensation$4,188,576
Median employee compensation$166,267
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
George W. Seagraves, IIIndependent · Audit · Compensation · Nominating and Governance (Chair) · Newly elected$75,000$205,047$0$0$0$280,047
Kellie L. FischerIndependent · Audit · Compensation · Nominating and Governance · Newly elected72,500205,047000277,547
Lisa H. JamiesonIndependent · Audit · Compensation (Chair) · Nominating and Governance75,00065,048000140,048
Samuel R. FullerIndependent · Audit (Chair) · Compensation · Nominating and Governance75,00065,048000140,048
Elizabeth (Betsy) ParmerIndependent · Audit · Compensation · Nominating and Governance72,50065,048000137,548
G.F. (Rick) Ringler, IIIIndependent · Not standing for re-election16,875—00016,875
Donald J. TomnitzEmployee director · Board Chair000—00
Anthony W. OxleyEmployee director000—00
09

Board fee structure and ownership guideline

Annual cash retainer$60,000
Annual equity retainer—
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)—
Stock ownership guideline—
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$386,875
Equity awards (grant-date value)$605,238
All other compensation$0
Total cost of the board$992,113

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Forestar Group Inc. names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Forestar Group Inc..

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1M/I Homes, Inc.2025Robert Schottenstein$1,100,000$4,945,343$0$3,506,250$9,914,773
2Century Communities, Inc.2025Robert J. Francescon1,000,0004,622,11902,784,0038,510,773
3Five Point Holdings, LLC2025Daniel Hedigan650,0004,736,51102,850,0008,247,397
4Howard Hughes Holdings Inc.2025David O'Reilly1,000,0004,677,78502,100,0007,826,778
5MasterBrand, Inc.2025R. David Banyard, Jr.1,048,2695,000,00001,318,7507,428,822
6Beazer Homes USA, Inc.2025Allan Merrill1,064,5253,278,49201,211,2806,367,213
7JELD-WEN Holding, Inc.2025William Christensen1,060,7842,300,8902,284,066621,4736,283,343
8LGI Homes, Inc.2025Eric Lipar975,0004,143,842005,182,051
9American Woodmark Corporation2025M. Scott Culbreth957,5773,208,4460696,3504,886,047
10Forestar Group Inc.2025Anthony Oxley500,0002,247,64001,315,6774,188,576

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Forestar Group Inc.not disclosednot disclosedNoLockton Companies
American Woodmark Corporation60.75%RSU 50 · PSU 50NoMeridian Compensation Partners
Beazer Homes USA, Inc.not disclosednot disclosedNoPearl Meyer
Century Communities, Inc.94%PSU 100NoWealthPoint
Five Point Holdings, LLC143%PSU 70 · RSU 30NoFerguson Partners Consulting
Howard Hughes Holdings Inc.not disclosedPSU 50 · RSU 50NoMeridian
JELD-WEN Holding, Inc.42%PSU 50 · RSU 25 · Options 25NoPay Governance
LGI Homes, Inc.not disclosedPSU 80 · RSU 20NoMeridian Compensation Partners LLC
M/I Homes, Inc.94%not disclosedNoWTW
MasterBrand, Inc.not disclosedPSU 50 · RSU 50NoWTW

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

10d

Frequently asked questions

Who was the highest-paid executive at Forestar Group Inc. in fiscal 2025?
As disclosed, Anthony Oxley (President and Chief Executive Officer) was the highest-paid executive at Forestar Group Inc. in fiscal 2025, with total compensation of $4,188,576.
How does Forestar Group Inc.'s chief executive pay compare to its disclosed peer group?
As disclosed, Anthony Oxley's total compensation ranked at the 1st percentile of Forestar Group Inc.'s disclosed peer group.
What is Forestar Group Inc.'s CEO-to-median employee pay ratio?
As disclosed, Forestar Group Inc.'s CEO-to-median employee pay ratio was 25:1.
How did shareholders vote on Forestar Group Inc.'s executive compensation?
As disclosed, 97.81% of shareholders supported Forestar Group Inc.'s executive compensation in the latest say-on-pay vote.
How much does Forestar Group Inc. spend in total on board compensation for fiscal 2025?
As disclosed, Forestar Group Inc. reported total board compensation of $992,113 for fiscal 2025.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Anthony OxleyDEF 14A2025-12-160001628280-25-057287Section “Summary Compensation Table” · page 35. As printed: 4,188,576. Filing ↗machine: r6 · c48 · span 544185–544194
2Section 01, Mark WalkerDEF 14A2025-12-160001628280-25-057287Section “Summary Compensation Table” · page 35. As printed: 2,575,090. Filing ↗machine: r11 · c48 · span 560576–560585
3Section 01, Donald TomnitzDEF 14A2025-12-160001628280-25-057287Section “Summary Compensation Table” · page 35. As printed: 2,321,969. Filing ↗machine: r3 · c48 · span 534634–534643
4Section 01, James AllenDEF 14A2025-12-160001628280-25-057287Section “Summary Compensation Table” · page 35. As printed: 1,887,300. Filing ↗machine: r8 · c48 · span 550445–550454
5Section 03, Mark Walker RSUDEF 14A2025-12-160001628280-25-057287Section “Fiscal 2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t39 · r15 · c23 · span 640854–640860
6Section 03, Mark Walker RSUDEF 14A2025-12-160001628280-25-057287Section “Fiscal 2024 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t33 · r5 · c13 · span 473662–473669
7Section 03, Donald Tomnitz PSUDEF 14A2025-12-160001628280-25-057287Section “Fiscal 2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t33 · r2 · c6 · span 463955–463962
8Section 03, Donald Tomnitz RSUDEF 14A2025-12-160001628280-25-057287Section “Fiscal 2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t33 · r2 · c13 · span 465106–465113
9Section 03, Anthony Oxley PSUDEF 14A2025-12-160001628280-25-057287Section “Fiscal 2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t33 · r3 · c6 · span 466997–467006
10Section 03, Anthony Oxley RSUDEF 14A2025-12-160001628280-25-057287Section “Fiscal 2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t33 · r3 · c13 · span 468020–468027
11Section 03, James Allen PSUDEF 14A2025-12-160001628280-25-057287Section “Fiscal 2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t33 · r4 · c6 · span 469820–469827
12Section 03, James Allen RSUDEF 14A2025-12-160001628280-25-057287Section “Fiscal 2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t33 · r4 · c13 · span 470841–470848
13Section 03, Donald Tomnitz PSUDEF 14A2025-12-160001628280-25-057287Section “Fiscal 2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t39 · r5 · c17 · span 605520–605526
14Section 03, Donald Tomnitz RSUDEF 14A2025-12-160001628280-25-057287Section “Fiscal 2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t39 · r6 · c23 · span 610076–610082
15Section 03, Anthony Oxley PSUDEF 14A2025-12-160001628280-25-057287Section “Fiscal 2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t39 · r8 · c17 · span 615887–615893
16Section 03, Anthony Oxley RSUDEF 14A2025-12-160001628280-25-057287Section “Fiscal 2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t39 · r9 · c23 · span 619795–619801
17Section 03, James Allen PSUDEF 14A2025-12-160001628280-25-057287Section “Fiscal 2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t39 · r11 · c17 · span 626630–626636
18Section 03, James Allen RSUDEF 14A2025-12-160001628280-25-057287Section “Fiscal 2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t39 · r12 · c23 · span 631186–631192
19Section 07, pay ratioDEF 14A2025-12-160001628280-25-057287Section “CEO Pay Ratio”. As printed: 25 : 1. Filing ↗machine: span 809356–809363
20Section 08, George W. Seagraves, IIDEF 14A2025-12-160001628280-25-057287Section “Director Compensation”. As printed: 280,047. Filing ↗machine: t19 · r7 · c11 · span 307531–307663
21Section 08, Kellie L. FischerDEF 14A2025-12-160001628280-25-057287Section “Director Compensation”. As printed: 277,547. Filing ↗machine: t19 · r2 · c11 · span 296673–296805
22Section 08, Lisa H. JamiesonDEF 14A2025-12-160001628280-25-057287Section “Director Compensation”. As printed: 140,048. Filing ↗machine: t19 · r4 · c11 · span 300874–301006
23Section 08, Samuel R. FullerDEF 14A2025-12-160001628280-25-057287Section “Director Compensation”. As printed: 140,048. Filing ↗machine: t19 · r3 · c11 · span 298788–298920
24Section 08, Elizabeth (Betsy) ParmerDEF 14A2025-12-160001628280-25-057287Section “Director Compensation”. As printed: 137,548. Filing ↗machine: t19 · r5 · c11 · span 302969–303101
25Section 08, G.F. (Rick) Ringler, IIIDEF 14A2025-12-160001628280-25-057287Section “Director Compensation”. As printed: 16,875. Filing ↗machine: t19 · r6 · c3 · span 304028–304159
26Section 08, Donald J. TomnitzDEF 14A2025-12-160001628280-25-057287Section “Director Compensation”. As printed: 0. Filing ↗
27Section 08, Anthony W. OxleyDEF 14A2025-12-160001628280-25-057287Section “Director Compensation”. As printed: 0. Filing ↗
28Section 02, Elizabeth (Betsy) Parmer 2026-03-01Form 42026-03-030001628280-26-013786Insider equity transaction reported since the proxy statement. Filing ↗
29Section 02, Elizabeth (Betsy) Parmer 2026-03-01Form 42026-03-030001628280-26-013786Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, Mark Walker 2026-03-18Form 42026-03-200001628280-26-020157Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, Mark Walker 2026-03-18Form 42026-03-200001628280-26-020157Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, Mark Walker 2026-03-18Form 42026-03-200001628280-26-020157Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, James Allen 2026-03-18Form 42026-03-200001628280-26-020160Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, James Allen 2026-03-18Form 42026-03-200001628280-26-020160Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, James Allen 2026-03-18Form 42026-03-200001628280-26-020160Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, Elizabeth (Betsy) Parmer 2026-03-21Form 42026-03-240001628280-26-020799Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, Samuel R. Fuller 2026-03-21Form 42026-03-240001628280-26-020797Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, Samuel R. Fuller 2026-03-21Form 42026-03-240001628280-26-020797Insider equity transaction reported since the proxy statement. Filing ↗
39Section 02, Lisa H. Jamieson 2026-03-21Form 42026-03-240001628280-26-020798Insider equity transaction reported since the proxy statement. Filing ↗
40Section 02, Lisa H. Jamieson 2026-03-21Form 42026-03-240001628280-26-020798Insider equity transaction reported since the proxy statement. Filing ↗
41Section 02, Elizabeth (Betsy) Parmer 2026-03-21Form 42026-03-240001628280-26-020799Insider equity transaction reported since the proxy statement. Filing ↗
42Section 02, Donald J. Tomnitz 2026-03-21Form 42026-03-240001628280-26-020800Insider equity transaction reported since the proxy statement. Filing ↗
43Section 02, Donald J. Tomnitz 2026-03-21Form 42026-03-240001628280-26-020800Insider equity transaction reported since the proxy statement. Filing ↗
44Section 02, Donald J. Tomnitz 2026-03-21Form 42026-03-240001628280-26-020800Insider equity transaction reported since the proxy statement. Filing ↗
45Section 02, James Allen 2026-03-21Form 42026-03-240001628280-26-020801Insider equity transaction reported since the proxy statement. Filing ↗
46Section 02, James Allen 2026-03-21Form 42026-03-240001628280-26-020801Insider equity transaction reported since the proxy statement. Filing ↗
47Section 02, James Allen 2026-03-21Form 42026-03-240001628280-26-020801Insider equity transaction reported since the proxy statement. Filing ↗
48Section 02, Mark Walker 2026-03-21Form 42026-03-240001628280-26-020802Insider equity transaction reported since the proxy statement. Filing ↗
49Section 02, Mark Walker 2026-03-21Form 42026-03-240001628280-26-020802Insider equity transaction reported since the proxy statement. Filing ↗
50Section 02, Mark Walker 2026-03-21Form 42026-03-240001628280-26-020802Insider equity transaction reported since the proxy statement. Filing ↗
51Section 02, Samuel R. Fuller 2026-03-28Form 42026-03-310001628280-26-022364Insider equity transaction reported since the proxy statement. Filing ↗
52Section 02, Samuel R. Fuller 2026-03-28Form 42026-03-310001628280-26-022364Insider equity transaction reported since the proxy statement. Filing ↗
53Section 02, Lisa H. Jamieson 2026-03-28Form 42026-03-310001628280-26-022366Insider equity transaction reported since the proxy statement. Filing ↗
54Section 02, Lisa H. Jamieson 2026-03-28Form 42026-03-310001628280-26-022366Insider equity transaction reported since the proxy statement. Filing ↗
55Section 02, Elizabeth (Betsy) Parmer 2026-03-28Form 42026-03-310001628280-26-022371Insider equity transaction reported since the proxy statement. Filing ↗
56Section 02, Elizabeth (Betsy) Parmer 2026-03-28Form 42026-03-310001628280-26-022371Insider equity transaction reported since the proxy statement. Filing ↗
57Section 02, Mark Walker 2026-03-28Form 42026-03-310001628280-26-022373Insider equity transaction reported since the proxy statement. Filing ↗
58Section 02, Mark Walker 2026-03-28Form 42026-03-310001628280-26-022373Insider equity transaction reported since the proxy statement. Filing ↗
59Section 02, Mark Walker 2026-03-28Form 42026-03-310001628280-26-022373Insider equity transaction reported since the proxy statement. Filing ↗
60Section 02, James Allen 2026-03-28Form 42026-03-310001628280-26-022378Insider equity transaction reported since the proxy statement. Filing ↗
61Section 02, James Allen 2026-03-28Form 42026-03-310001628280-26-022378Insider equity transaction reported since the proxy statement. Filing ↗
62Section 02, James Allen 2026-03-28Form 42026-03-310001628280-26-022378Insider equity transaction reported since the proxy statement. Filing ↗
63Section 02, Anthony W. Oxley 2026-03-28Form 42026-03-310001628280-26-022380Insider equity transaction reported since the proxy statement. Filing ↗
64Section 02, Anthony W. Oxley 2026-03-28Form 42026-03-310001628280-26-022380Insider equity transaction reported since the proxy statement. Filing ↗
65Section 02, Anthony W. Oxley 2026-03-28Form 42026-03-310001628280-26-022380Insider equity transaction reported since the proxy statement. Filing ↗
66Section 02, Donald J. Tomnitz 2026-03-28Form 42026-03-310001628280-26-022382Insider equity transaction reported since the proxy statement. Filing ↗
67Section 02, Donald J. Tomnitz 2026-03-28Form 42026-03-310001628280-26-022382Insider equity transaction reported since the proxy statement. Filing ↗
68Section 02, Donald J. Tomnitz 2026-03-28Form 42026-03-310001628280-26-022382Insider equity transaction reported since the proxy statement. Filing ↗
69Section 02, Mark Walker 2026-03-31Form 42026-04-020001628280-26-023134Insider equity transaction reported since the proxy statement. Filing ↗
70Section 02, Mark Walker 2026-03-31Form 42026-04-020001628280-26-023134Insider equity transaction reported since the proxy statement. Filing ↗
71Section 02, Mark Walker 2026-03-31Form 42026-04-020001628280-26-023134Insider equity transaction reported since the proxy statement. Filing ↗
72Section 02, James Allen 2026-03-31Form 42026-04-020001628280-26-023141Insider equity transaction reported since the proxy statement. Filing ↗
73Section 02, James Allen 2026-03-31Form 42026-04-020001628280-26-023141Insider equity transaction reported since the proxy statement. Filing ↗
74Section 02, James Allen 2026-03-31Form 42026-04-020001628280-26-023141Insider equity transaction reported since the proxy statement. Filing ↗
75Section 02, Elizabeth (Betsy) Parmer 2026-06-02Form 42026-06-030001628280-26-040217Insider equity transaction reported since the proxy statement. Filing ↗
76Section 02, Lisa H. Jamieson 2026-08-18Form 42026-08-190001628280-26-057940Insider equity transaction reported since the proxy statement. Filing ↗
77Section 06, 2026 voteForm 8-K2026-01-200001628280-26-002568Item 5.07 · say-on-pay result. As reported: 97.81% (votes for as printed: 45,275,426). Filing ↗
78Section 06, 2025 voteForm 8-K2025-01-220001406587-25-000006Item 5.07 · say-on-pay result. As reported: 96.9% (votes for as printed: 45,273,953). Filing ↗
79Section 06, 2024 voteForm 8-K2024-01-160001406587-24-000004Item 5.07 · say-on-pay result. As reported: 99.36% (votes for as printed: 45,607,215). Filing ↗
80Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
81Section 03b vehicle mix (computed)Computed——RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
82Section 09b board cost (computed)Computed——Cash 386,875 + equity 605,238 + all other 0 = 992,113, summed across the director compensation table rows.machine: formula: Σ = 992,113
83M/I Homes, Inc., Section 10b CEO totalDEF 14A2026-04-100001193125-26-150356CEO total compensation as printed in M/I Homes, Inc.'s own proxy. As printed: 9,914,773. Filing ↗machine: t145 · r2 · c31 · span 415984–415993
84Century Communities, Inc., Section 10b CEO totalDEF 14A2026-03-250001140361-26-011011CEO total compensation as printed in Century Communities, Inc.'s own proxy. As printed: 8,510,773. Filing ↗machine: t194 · r4 · c14 · span 1089521–1089530
85Five Point Holdings, LLC, Section 10b CEO totalDEF 14A2026-04-240001574197-26-000016CEO total compensation as printed in Five Point Holdings, LLC's own proxy. As printed: 8,247,397. Filing ↗machine: t25 · r2 · c25 · span 505848–505857
86Howard Hughes Holdings Inc., Section 10b CEO totalDEF 14A2026-08-190001104659-26-098808CEO total compensation as printed in Howard Hughes Holdings Inc.'s own proxy. As printed: 7,826,778. Filing ↗machine: r1 · c54 · span 1459148–1459157
87MasterBrand, Inc., Section 10b CEO totalDEF 14A2026-04-220001193125-26-170568CEO total compensation as printed in MasterBrand, Inc.'s own proxy. As printed: 7,428,822. Filing ↗machine: t227 · r3 · c44 · span 667014–667023
88Beazer Homes USA, Inc., Section 10b CEO totalDEF 14A2025-12-220000915840-25-000095CEO total compensation as printed in Beazer Homes USA, Inc.'s own proxy. As printed: 6,367,213. Filing ↗machine: r2 · c24 · span 1008801–1008810
89JELD-WEN Holding, Inc., Section 10b CEO totalDEF 14A2026-03-120001674335-26-000050CEO total compensation as printed in JELD-WEN Holding, Inc.'s own proxy. As printed: 6,283,343. Filing ↗machine: r4 · c10 · span 2108366–2108376
90LGI Homes, Inc., Section 10b CEO totalDEF 14A2026-03-130001580670-26-000030CEO total compensation as printed in LGI Homes, Inc.'s own proxy. As printed: 5,182,051. Filing ↗machine: span 563461–563470
91American Woodmark Corporation, Section 10b CEO totalDEF 14A2025-06-250000794619-25-000063CEO total compensation as printed in American Woodmark Corporation's own proxy. As printed: 4,886,047. Filing ↗machine: span 397216–397225
92Forestar Group Inc. (subject), Section 10b CEO totalDEF 14A2025-12-160001628280-25-057287CEO total compensation as printed in Forestar Group Inc.'s own proxy. As printed: 4,188,576. Filing ↗machine: r6 · c48 · span 544185–544194
93Section 10a, American Woodmark Corporation reciprocityDEF 14A—0000794619-25-000063American Woodmark Corporation's most recent proxy was read; its disclosed peer group does not include Forestar Group Inc.. Filing ↗
94Section 10a, Five Point Holdings, LLC reciprocityDEF 14A—0001574197-26-000016Five Point Holdings, LLC names Forestar Group Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
95Section 10a, LGI Homes, Inc. reciprocityDEF 14A—0001580670-26-000030LGI Homes, Inc.'s most recent proxy was read; its disclosed peer group does not include Forestar Group Inc.. Filing ↗
96Section 10a, Beazer Homes USA, Inc. reciprocityDEF 14A—0000915840-25-000095Beazer Homes USA, Inc.'s most recent proxy was read; its disclosed peer group does not include Forestar Group Inc.. Filing ↗
97Section 10a, Howard Hughes Holdings Inc. reciprocityDEF 14A—0001104659-26-098808Howard Hughes Holdings Inc.'s most recent proxy was read; its disclosed peer group does not include Forestar Group Inc.. Filing ↗
98Section 10a, M/I Homes, Inc. reciprocityDEF 14A—0001193125-26-150356M/I Homes, Inc.'s most recent proxy was read; its disclosed peer group does not include Forestar Group Inc.. Filing ↗
99Section 10a, Century Communities, Inc. reciprocityDEF 14A—0001140361-26-011011Century Communities, Inc.'s most recent proxy was read; its disclosed peer group does not include Forestar Group Inc.. Filing ↗
100Section 10a, JELD-WEN Holding, Inc. reciprocityDEF 14A—0001674335-26-000050JELD-WEN Holding, Inc.'s most recent proxy was read; its disclosed peer group does not include Forestar Group Inc.. Filing ↗

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