Fiscal year 2023 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.
Each company listed discloses LSEA 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 LSEA in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| John Ho | $800,000 | $0 | $0 | $0 | $1,692,000 | $0 | $20,652 | $2,512,652 |
| Chief Executive Officer | ||||||||
| Michael Forsum | 800,000 | 0 | 0 | 0 | 1,692,000 | 0 | 14,313 | 2,506,313 |
| President and Chief Operating Officer | ||||||||
| Christopher Porter | 470,000 | 0 | 299,582 | 0 | 522,000 | 0 | 17,380 | 1,308,962 |
| Chief Financial Officer | ||||||||
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.
| Named executive officer | FY2023 total | FY2022 total | FY2021 total | Δ FY2022→2023 |
|---|---|---|---|---|
| John Ho | $2,512,652 | $6,459,924 | — | −3,947,272 |
| Michael Forsum | 2,506,313 | 6,630,790 | — | −4,124,477 |
| Christopher Porter | 1,308,962 | — | — | — |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
No insider equity transactions reported since the proxy statement.
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Christopher Porter | PSU | — | — | — | — | — | $299,582 |
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Christopher Porter | $0 | $299,582 | $0 | 100.0% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Christopher Porter | RSU | 18,802 | — | $247,058 |
| Michael Forsum | RSU | 19,858 | — | 260,934 |
| Christopher Porter | RSU | 9,346 | — | 122,806 |
| John Ho | RSU | 124,309 | — | 1,633,420 |
| Michael Forsum | RSU | 124,309 | — | 1,633,420 |
| John Ho | RSU | 250,000 | — | 3,285,000 |
| Michael Forsum | RSU | 250,000 | — | 3,285,000 |
| John Ho | RSU | 21,986 | — | 288,896 |
| Christopher Porter | RSU | 12,535 | — | 164,710 |
| Christopher Porter | RSU | 10,514 | — | 138,154 |
The goal of the Company's executive compensation program is to be competitive in order to attract and retain our executive officers while linking a significant portion of cash compensation to performance objectives and providing a portion of executive compensation as long-term incentive compensation in the form of equity awards.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Pearl Meyer |
| Clawback policy | True |
| Anti-hedging | True |
| Anti-pledging | True |
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Bruce FrankIndependent · Lead Independent Director · Audit (Chair) · Compensation · Nominating and Governance | $134,000 | $211,435 | $0 | — | $0 | $345,435 |
| Qin (Joanna) ZhouIndependent · Nominating and Governance (Chair) · Executive Land | 106,334 | 211,435 | 0 | — | 0 | 317,769 |
| Thomas HartfieldIndependent · Compensation (Chair) · Nominating and Governance · Executive Land · ESG | 101,000 | 211,435 | 0 | — | 0 | 312,435 |
| Mollie FaduleIndependent · Audit · Nominating and Governance · Executive Land | 85,000 | 211,435 | 0 | — | 0 | 296,435 |
| Elias FarhatIndependent · Audit · Compensation · ESG | 80,001 | 211,435 | 0 | — | 0 | 291,436 |
| Ming (Martin) TianIndependent · Board Chair · Compensation · Nominating and Governance | 200,000 | — | 0 | — | 0 | 200,000 |
| Susan LattmannIndependent · Departed during FY | 41,000 | 95,262 | 0 | — | 0 | 136,262 |
| Robert MillerIndependent · Departed during FY | 39,165 | 95,262 | 0 | — | 0 | 134,427 |
| John HoEmployee director · Executive Land (Chair) · ESG (Chair) | 0 | 0 | 0 | — | 0 | 0 |
| Annual cash retainer | $70,000 |
|---|---|
| Annual equity retainer | $115,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 10,000 / 8,000 / 6,000 |
| Stock ownership guideline | — |
| Component | FY2023 |
|---|---|
| Cash retainers and fees | $786,500 |
| Equity awards (grant-date value) | $1,247,699 |
| All other compensation | $0 |
| Total cost of the board | $2,034,199 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | Landsea Homes | 2023 | John Ho | $800,000 | $0 | $0 | $1,692,000 | $2,512,652 |
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.
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.
| # | Supports | Document | Filed | Accession | Location in document |
|---|---|---|---|---|---|
| 1 | Section 01, John Ho | DEF 14A | 2024-04-24 | 0001308179-24-000557 | Section “Summary Compensation Table” · page 29. As printed: 2,512,652. Filing ↗machine: span 507078–507087 |
| 2 | Section 01, Michael Forsum | DEF 14A | 2024-04-24 | 0001308179-24-000557 | Section “Summary Compensation Table” · page 29. As printed: 2,506,313. Filing ↗machine: span 513892–513901 |
| 3 | Section 01, Christopher Porter | DEF 14A | 2024-04-24 | 0001308179-24-000557 | Section “Summary Compensation Table” · page 29. As printed: 1,308,962. Filing ↗machine: span 522708–522717 |
| 4 | Section 03, Christopher Porter PSU | DEF 14A | 2024-04-24 | 0001308179-24-000557 | Section “ALL OTHER COMPENSATION (” · grants of plan-based awards table. Filing ↗machine: t112 · r6 · c10 · span 521337–521344 |
| 5 | Section 08, Bruce Frank | DEF 14A | 2024-04-24 | 0001308179-24-000557 | Section “Director Compensation”. As printed: 345,435. Filing ↗machine: t46 · r3 · c8 · span 335442–335449 |
| 6 | Section 08, Qin (Joanna) Zhou | DEF 14A | 2024-04-24 | 0001308179-24-000557 | Section “Director Compensation”. As printed: 317,769. Filing ↗machine: r8 · c8 · span 344910–344917 |
| 7 | Section 08, Thomas Hartfield | DEF 14A | 2024-04-24 | 0001308179-24-000557 | Section “Director Compensation”. As printed: 312,435. Filing ↗machine: t46 · r4 · c8 · span 337306–337313 |
| 8 | Section 08, Mollie Fadule | DEF 14A | 2024-04-24 | 0001308179-24-000557 | Section “Director Compensation”. As printed: 296,435. Filing ↗machine: t46 · r2 · c8 · span 333583–333590 |
| 9 | Section 08, Elias Farhat | DEF 14A | 2024-04-24 | 0001308179-24-000557 | Section “Director Compensation”. As printed: 291,436. Filing ↗machine: t46 · r1 · c8 · span 331723–331730 |
| 10 | Section 08, Ming (Martin) Tian | DEF 14A | 2024-04-24 | 0001308179-24-000557 | Section “Director Compensation”. As printed: 200,000. Filing ↗machine: r7 · c3 · span 342089–342096 |
| 11 | Section 08, Susan Lattmann | DEF 14A | 2024-04-24 | 0001308179-24-000557 | Section “Director Compensation”. As printed: 136,262. Filing ↗machine: t46 · r5 · c8 · span 339254–339261 |
| 12 | Section 08, Robert Miller | DEF 14A | 2024-04-24 | 0001308179-24-000557 | Section “Director Compensation”. As printed: 134,427. Filing ↗machine: t46 · r6 · c8 · span 341201–341208 |
| 13 | Section 08, John Ho | DEF 14A | 2024-04-24 | 0001308179-24-000557 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 14 | Section 01 trend, Δ column (computed) | Computed | — | computed | Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1) |
| 15 | Section 03b vehicle mix (computed) | 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 |
| 16 | Section 09b board cost (computed) | Computed | — | computed | Cash 786,500 + equity 1,247,699 + all other 0 = 2,034,199, summed across the director compensation table rows.machine: formula: Σ = 2,034,199 |
| 17 | Landsea Homes (subject), Section 10b CEO total | DEF 14A | 2024-04-24 | 0001308179-24-000557 | CEO total compensation as printed in Landsea Homes's own proxy. As printed: 2,512,652. Filing ↗machine: span 507078–507087 |