Velarion · Company Intelligence
Compensation Brief
Fiscal year 2023 · Filings through 2025-06-25

Landsea Homes (LSEA)

CEO John Ho was paid $2,512,652 in fiscal year 2023, ↓ down 61.0% from fiscal year 2022 (SEC filing 0001308179-24-000557 ↗): 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.

$2,512,652 ↓
John Ho total, FY2023
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CEO pay percentile vs peers
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CEO-to-median pay ratio
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01

Summary Compensation Table — fiscal year 2023

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
John Ho$800,000$0$0$0$1,692,000$0$20,652$2,512,652
Chief Executive Officer
Michael Forsum800,0000001,692,000014,3132,506,313
President and Chief Operating Officer
Christopher Porter470,0000299,5820522,000017,3801,308,962
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.

Three-year trend — total compensation per named executive

Named executive officerFY2023 totalFY2022 totalFY2021 totalΔ FY2022→2023
John Ho$2,512,652$6,446,934—↓ −3,934,282
Michael Forsum2,506,3136,630,790—↓ −4,124,477
Christopher Porter1,308,962———

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

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Companies that benchmark against LSEA
2 companies name LSEA as a compensation peer

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01b

Executives — the named officers

One page per officer: the same table above, read for one person at a time — his own figure and every fiscal year the register holds.

ExecutiveRoleFY2023 total
Christopher PorterCFO$1,308,962
John HoCEO$2,512,652
Michael ForsumPresident$2,506,313
01c

Board of directors

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

DirectorRoleFY2023 total
Bruce FrankLead Independent Director$345,435
Elias FarhatIndependent Director$291,436
Ming (Martin) TianChair of the Board$200,000
Mollie FaduleIndependent Director$296,435
Qin (Joanna) ZhouIndependent Director$317,769
Robert MillerFormer director (through FY2023)$134,427
Susan LattmannFormer director (through FY2023)$136,262
Thomas HartfieldIndependent Director$312,435
02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2023 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Rajinder SinghDirector2024-12-30A7,153$0$0RSUForm 4 ↗
Susan LattmannDirector2025-02-04A5,88800RSUForm 4 ↗
John HoDirector2025-03-15D24,4577174,868CommonForm 4 ↗
Michael ForsumPresident and COO2025-03-15D27,2857195,088CommonForm 4 ↗
Catharine Kelly RentzelGeneral Counsel2025-03-20A12,04800RSUForm 4 ↗
Michael ForsumPresident and COO2025-03-20A144,57800RSUForm 4 ↗
Christopher PorterChief Financial Officer2025-03-20A24,09600RSUForm 4 ↗
John HoDirector2025-03-20A144,57800RSUForm 4 ↗
Christopher PorterChief Financial Officer2025-04-06D2,154613,463CommonForm 4 ↗
John HoDirector2025-05-29D11,01811124,173CommonForm 4 ↗
Michael ForsumPresident and COO2025-05-29D12,27811138,373CommonForm 4 ↗
Mollie FaduleDirector2025-05-30D1,77000CommonForm 4 ↗
Mollie FaduleDirector2025-05-30D5,00000CommonForm 4 ↗
Thomas HartfieldDirector2025-06-11D80000CommonForm 4 ↗
Michael ForsumChief Operating Officer2025-06-24D406,715114,595,880CommonForm 4 ↗
Mollie FaduleDirector2025-06-24D78,10111882,541CommonForm 4 ↗
Susan LattmannDirector2025-06-24D14,56611164,596CommonForm 4 ↗
Thomas HartfieldDirector2025-06-24D58,38111659,705CommonForm 4 ↗
Elias FarhatDirector2025-06-24D272,685113,081,341CommonForm 4 ↗
John HoDirector2025-06-24D25,08211283,427CommonForm 4 ↗
John HoDirector2025-06-24D428,673114,844,005CommonForm 4 ↗
Bruce FrankDirector2025-06-24D48,40511546,977CommonForm 4 ↗
Christopher PorterChief Financial Officer2025-06-24D66,59711752,546CommonForm 4 ↗
Catharine Kelly RentzelGeneral Counsel2025-06-24D1,0341111,684CommonForm 4 ↗
Michael ForsumChief Operating Officer2025-06-25D200,578——CommonForm 4 ↗
Susan LattmannDirector2025-06-25D5,888——CommonForm 4 ↗
Catharine Kelly RentzelGeneral Counsel2025-06-25D16,971——CommonForm 4 ↗
Rajinder SinghDirector2025-06-25D7,153——CommonForm 4 ↗
John HoDirector2025-06-25D200,578——CommonForm 4 ↗
Christopher PorterChief Financial Officer2025-06-25D39,434——CommonForm 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.

03

Grants of plan-based awards — fiscal year 2023

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Christopher PorterPSU—————$299,582
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Christopher Porter$0$299,582$0100.0%

% 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 2023

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Christopher PorterRSU18,802—$247,058
Michael ForsumRSU19,858—260,934
Christopher PorterRSU9,346—122,806
John HoRSU124,309—1,633,420
Michael ForsumRSU124,309—1,633,420
John HoRSU250,000—3,285,000
Michael ForsumRSU250,000—3,285,000
John HoRSU21,986—288,896
Christopher PorterRSU12,535—164,710
Christopher PorterRSU10,514—138,154
05

Incentive-plan design — the Compensation Discussion & Analysis

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 consultantPearl Meyer
Clawback policyTrue
Anti-hedgingTrue
Anti-pledgingTrue
08

Director compensation — fiscal year 2023

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
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 Land106,334211,4350—0317,769
Thomas HartfieldIndependent · Compensation (Chair) · Nominating and Governance · Executive Land · ESG101,000211,4350—0312,435
Mollie FaduleIndependent · Audit · Nominating and Governance · Executive Land85,000211,4350—0296,435
Elias FarhatIndependent · Audit · Compensation · ESG80,001211,4350—0291,436
Ming (Martin) TianIndependent · Board Chair · Compensation · Nominating and Governance200,000—0—0200,000
Susan LattmannIndependent · Departed during FY41,00095,2620—0136,262
Robert MillerIndependent · Departed during FY39,16595,2620—0134,427
John HoEmployee director · Executive Land (Chair) · ESG (Chair)000—00
09

Board fee structure and ownership guideline

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—
09b

Total cost of the board

ComponentFY2023
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.

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
1Landsea Homes2023John 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.

10d

Frequently asked questions

Who was the highest-paid executive at Landsea Homes in fiscal 2023?
As disclosed, John Ho (Chief Executive Officer) was the highest-paid executive at Landsea Homes in fiscal 2023, with total compensation of $2,512,652.
How much does Landsea Homes spend in total on board compensation for fiscal 2023?
As disclosed, Landsea Homes reported total board compensation of $2,034,199 for fiscal 2023.

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, John HoDEF 14A2024-04-240001308179-24-000557Section “Summary Compensation Table” · page 29. As printed: 2,512,652. Filing ↗machine: span 507078–507087
2Section 01, Michael ForsumDEF 14A2024-04-240001308179-24-000557Section “Summary Compensation Table” · page 29. As printed: 2,506,313. Filing ↗machine: span 513892–513901
3Section 01, Christopher PorterDEF 14A2024-04-240001308179-24-000557Section “Summary Compensation Table” · page 29. As printed: 1,308,962. Filing ↗machine: span 522708–522717
4Section 03, Christopher Porter PSUDEF 14A2024-04-240001308179-24-000557Section “ALL OTHER COMPENSATION (” · grants of plan-based awards table. Filing ↗machine: t112 · r6 · c10 · span 521337–521344
5Section 08, Bruce FrankDEF 14A2024-04-240001308179-24-000557Section “Director Compensation”. As printed: 345,435. Filing ↗machine: t46 · r3 · c8 · span 335391–335456
6Section 08, Qin (Joanna) ZhouDEF 14A2024-04-240001308179-24-000557Section “Director Compensation”. As printed: 317,769. Filing ↗machine: r8 · c8 · span 344859–344924
7Section 08, Thomas HartfieldDEF 14A2024-04-240001308179-24-000557Section “Director Compensation”. As printed: 312,435. Filing ↗machine: t46 · r4 · c8 · span 337255–337320
8Section 08, Mollie FaduleDEF 14A2024-04-240001308179-24-000557Section “Director Compensation”. As printed: 296,435. Filing ↗machine: t46 · r2 · c8 · span 333532–333597
9Section 08, Elias FarhatDEF 14A2024-04-240001308179-24-000557Section “Director Compensation”. As printed: 291,436. Filing ↗machine: t46 · r1 · c8 · span 331672–331737
10Section 08, Ming (Martin) TianDEF 14A2024-04-240001308179-24-000557Section “Director Compensation”. As printed: 200,000. Filing ↗machine: r7 · c3 · span 342038–342103
11Section 08, Susan LattmannDEF 14A2024-04-240001308179-24-000557Section “Director Compensation”. As printed: 136,262. Filing ↗machine: t46 · r5 · c8 · span 339203–339268
12Section 08, Robert MillerDEF 14A2024-04-240001308179-24-000557Section “Director Compensation”. As printed: 134,427. Filing ↗machine: t46 · r6 · c8 · span 341150–341215
13Section 08, John HoDEF 14A2024-04-240001308179-24-000557Section “Director Compensation”. As printed: 0. Filing ↗
14Section 02, Rajinder Singh 2024-12-30Form 42025-01-060001731122-25-000013Insider equity transaction reported since the proxy statement. Filing ↗
15Section 02, Susan Lattmann 2025-02-04Form 42025-02-050001731122-25-000169Insider equity transaction reported since the proxy statement. Filing ↗
16Section 02, John Ho 2025-03-15Form 42025-03-180000950170-25-041256Insider equity transaction reported since the proxy statement. Filing ↗
17Section 02, Michael Forsum 2025-03-15Form 42025-03-180000950170-25-041259Insider equity transaction reported since the proxy statement. Filing ↗
18Section 02, Catharine Kelly Rentzel 2025-03-20Form 42025-03-240000950170-25-043890Insider equity transaction reported since the proxy statement. Filing ↗
19Section 02, Michael Forsum 2025-03-20Form 42025-03-240000950170-25-043891Insider equity transaction reported since the proxy statement. Filing ↗
20Section 02, Christopher Porter 2025-03-20Form 42025-03-240000950170-25-043888Insider equity transaction reported since the proxy statement. Filing ↗
21Section 02, John Ho 2025-03-20Form 42025-03-240000950170-25-043889Insider equity transaction reported since the proxy statement. Filing ↗
22Section 02, Christopher Porter 2025-04-06Form 42025-04-080000950170-25-052297Insider equity transaction reported since the proxy statement. Filing ↗
23Section 02, John Ho 2025-05-29Form 42025-06-020000950170-25-080306Insider equity transaction reported since the proxy statement. Filing ↗
24Section 02, Michael Forsum 2025-05-29Form 42025-06-020000950170-25-080307Insider equity transaction reported since the proxy statement. Filing ↗
25Section 02, Mollie Fadule 2025-05-30Form 42025-06-030000950170-25-080989Insider equity transaction reported since the proxy statement. Filing ↗
26Section 02, Mollie Fadule 2025-05-30Form 42025-06-030000950170-25-080989Insider equity transaction reported since the proxy statement. Filing ↗
27Section 02, Thomas Hartfield 2025-06-11Form 42025-06-130000950170-25-086322Insider equity transaction reported since the proxy statement. Filing ↗
28Section 02, Michael Forsum 2025-06-24Form 42025-06-250001140361-25-023693Insider equity transaction reported since the proxy statement. Filing ↗
29Section 02, Mollie Fadule 2025-06-24Form 42025-06-250001140361-25-023694Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, Susan Lattmann 2025-06-24Form 42025-06-250001140361-25-023696Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, Thomas Hartfield 2025-06-24Form 42025-06-250001140361-25-023697Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, Elias Farhat 2025-06-24Form 42025-06-250001140361-25-023690Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, John Ho 2025-06-24Form 42025-06-250001140361-25-023691Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, John Ho 2025-06-24Form 42025-06-250001140361-25-023691Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, Bruce Frank 2025-06-24Form 42025-06-250001140361-25-023688Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, Christopher Porter 2025-06-24Form 42025-06-250001140361-25-023689Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, Catharine Kelly Rentzel 2025-06-24Form 42025-06-250001140361-25-023692Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, Michael Forsum 2025-06-25Form 42025-06-250001140361-25-023693Insider equity transaction reported since the proxy statement. Filing ↗
39Section 02, Susan Lattmann 2025-06-25Form 42025-06-250001140361-25-023696Insider equity transaction reported since the proxy statement. Filing ↗
40Section 02, Catharine Kelly Rentzel 2025-06-25Form 42025-06-250001140361-25-023692Insider equity transaction reported since the proxy statement. Filing ↗
41Section 02, Rajinder Singh 2025-06-25Form 42025-06-250001140361-25-023695Insider equity transaction reported since the proxy statement. Filing ↗
42Section 02, John Ho 2025-06-25Form 42025-06-250001140361-25-023691Insider equity transaction reported since the proxy statement. Filing ↗
43Section 02, Christopher Porter 2025-06-25Form 42025-06-250001140361-25-023689Insider equity transaction reported since the proxy statement. Filing ↗
44Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
45Section 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
46Section 09b board cost (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
47Landsea Homes (subject), Section 10b CEO totalDEF 14A2024-04-240001308179-24-000557CEO total compensation as printed in Landsea Homes's own proxy. As printed: 2,512,652. Filing ↗machine: span 507078–507087

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