Velarion · Company Intelligence
Compensation Brief
Fiscal year 2024 · Filings through 2025-04-25

United Homes Group (UHG)

Fiscal year 2024 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.

$4,007,617
Michael Nieri total, FY2024
Executive Chairman and Former Chief Executive Officerhighest-paid officer; CEO James Pirrello: $388,884
CEO (James Pirrello) pay percentile vs peers
CEO-to-median pay ratio
Say-on-pay support, latest vote
Companies that benchmark against UHG
1 company names UHG as a compensation peer

Each company listed discloses UHG 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 UHG in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2024

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Michael Nieri$923,019$0$388,125$1,218,375$1,446,238$0$31,860$4,007,617
Executive Chairman and Former Chief Executive Officer
Jack Micenko650,0000185,438582,113192,05408,1971,617,802
President
Keith Feldman400,0000138,000433,200118,187017,4281,106,815
Chief Financial Officer
James Pirrello103,84600167,59500117,443388,884
Interim Chief Executive 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 officerFY2024 totalFY2023 totalFY2022 totalΔ FY20232024
Michael Nieri$4,007,617
Jack Micenko1,617,802
Keith Feldman1,106,815
James Pirrello388,884

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

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2024

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Jack MicenkoPRSU$185,438
Michael NieriOPTION1,218,375
Keith FeldmanPRSU138,000
Michael NieriPRSU388,125
Keith FeldmanOPTION433,200
James PirrelloOPTION167,595
Jack MicenkoOPTION582,113
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Jack Micenko$0$0$582,1130.0%
Michael Nieri001,218,3750.0%
Keith Feldman00433,2000.0%
James Pirrello00167,5950.0%

% 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 2024

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Jack MicenkoRSU53,750$227,363
Michael NieriOption337,5006.96
Keith FeldmanRSU40,000169,200
Michael NieriRSU112,500475,875
Keith FeldmanOption120,0006.96
Keith FeldmanOption176,63611.64
Michael NieriOption490,65511.64
Jack MicenkoOption235,51511.68
Jack MicenkoOption161,2506.96
James PirrelloOption50,0006.4
05

Incentive-plan design — the Compensation Discussion & Analysis

We believe that the skill, talent, judgment and dedication of our executive officers and other key employees are critical factors affecting our long-term stockholder value. Therefore, our goal is to maintain a compensation program that will fairly compensate our executive officers, attract and retain highly qualified executive officers, motivate the performance of our executive officers towards, and reward the achievement of, clearly defined corporate goals, and align our executive officers long-term interests with those of our stockholders.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultantWealthPoint, LLC
Clawback policytrue
Anti-hedgingTrue
Anti-pledgingTrue
08

Director compensation — fiscal year 2024

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Jason EnochIndependent · Lead Independent Director · Audit (Chair) · Compensation · Related Party Transactions (Chair)$146,000$42,960$124,100$0$0$313,060
Robert DozierIndependent · Audit · Compensation · Nominating and Corporate Governance (Chair) · Related Party Transactions104,83328,640124,10000257,573
Alan LevineIndependent · Audit · Compensation (Chair) · Related Party Transactions103,00028,640124,10000255,740
James ClementsIndependent · Compensation · Nominating and Corporate Governance87,000124,10000211,100
Nikki HaleyIndependent · Nominating and Corporate Governance81,000124,10000205,100
Michael BaylesIndependent · Departed during FY34,125169,25000203,375
Eric BlandIndependent · Departed during FY28,125169,25000197,375
David HamamotoIndependent · Departed during FY40,500124,10000164,600
James M. PirrelloEmployee director · Newly elected0033,750
Michael NieriEmployee director · Board Chair00000
Tom O'GradyEmployee director · Not standing for re-election00000
Robert GroveIndependent · Departed during FY000000
09

Board fee structure and ownership guideline

Annual cash retainer$75,000
Annual equity retainer
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)15,000 / 12,000 / 12,000
Stock ownership guideline
09b

Total cost of the board

ComponentFY2024
Cash retainers and fees$624,583
Equity awards (grant-date value)$100,240
All other compensation$0
Total cost of the board$724,823

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
1United Homes Group2024James Pirrello$103,846$0$167,595$0$388,884

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.

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, Michael NieriDEF 14A2025-04-250001830188-25-000028Section “2024 Summary Compensation Table”. As printed: 4,007,617. Filing ↗machine: t10 · r2 · c27 · span 476069–476078
2Section 01, Jack MicenkoDEF 14A2025-04-250001830188-25-000028Section “2024 Summary Compensation Table”. As printed: 1,617,802. Filing ↗machine: span 493888–493897
3Section 01, Keith FeldmanDEF 14A2025-04-250001830188-25-000028Section “2024 Summary Compensation Table”. As printed: 1,106,815. Filing ↗machine: span 505557–505566
4Section 01, James PirrelloDEF 14A2025-04-250001830188-25-000028Section “2024 Summary Compensation Table”. As printed: 388,884. Filing ↗machine: span 487776–487783
5Section 03, Jack Micenko PRSUDEF 14A2025-04-250001830188-25-000028Section “EXECUTIVE COMPENSATION &” · grants of plan-based awards table. Filing ↗machine: t10 · r5 · c13 · span 490920–490927
6Section 03, Michael Nieri OPTIONDEF 14A2025-04-250001830188-25-000028Section “EXECUTIVE COMPENSATION &” · grants of plan-based awards table. Filing ↗machine: t10 · r2 · c17 · span 473779–473788
7Section 03, Keith Feldman PRSUDEF 14A2025-04-250001830188-25-000028Section “EXECUTIVE COMPENSATION &” · grants of plan-based awards table. Filing ↗machine: t10 · r7 · c13 · span 502588–502595
8Section 03, Michael Nieri PRSUDEF 14A2025-04-250001830188-25-000028Section “EXECUTIVE COMPENSATION &” · grants of plan-based awards table. Filing ↗machine: t10 · r2 · c13 · span 472915–472922
9Section 03, Keith Feldman OPTIONDEF 14A2025-04-250001830188-25-000028Section “EXECUTIVE COMPENSATION &” · grants of plan-based awards table. Filing ↗machine: t10 · r7 · c17 · span 503374–503381
10Section 03, James Pirrello OPTIONDEF 14A2025-04-250001830188-25-000028Section “EXECUTIVE COMPENSATION &” · grants of plan-based awards table. Filing ↗machine: t10 · r4 · c17 · span 485669–485676
11Section 03, Jack Micenko OPTIONDEF 14A2025-04-250001830188-25-000028Section “EXECUTIVE COMPENSATION &” · grants of plan-based awards table. Filing ↗machine: t10 · r5 · c17 · span 491706–491713
12Section 08, Jason EnochDEF 14A2025-04-250001830188-25-000028Section “Director Compensation”. As printed: 313,060. Filing ↗machine: t6 · r6 · c15 · span 264252–264259
13Section 08, Robert DozierDEF 14A2025-04-250001830188-25-000028Section “Director Compensation”. As printed: 257,573. Filing ↗machine: t6 · r5 · c15 · span 260781–260788
14Section 08, Alan LevineDEF 14A2025-04-250001830188-25-000028Section “Director Compensation”. As printed: 255,740. Filing ↗machine: t6 · r10 · c15 · span 276330–276337
15Section 08, James ClementsDEF 14A2025-04-250001830188-25-000028Section “Director Compensation”. As printed: 211,100. Filing ↗machine: t6 · r4 · c15 · span 257308–257315
16Section 08, Nikki HaleyDEF 14A2025-04-250001830188-25-000028Section “Director Compensation”. As printed: 205,100. Filing ↗machine: t6 · r8 · c15 · span 269924–269931
17Section 08, Michael BaylesDEF 14A2025-04-250001830188-25-000028Section “Director Compensation”. As printed: 203,375. Filing ↗machine: t6 · r2 · c15 · span 250877–250884
18Section 08, Eric BlandDEF 14A2025-04-250001830188-25-000028Section “Director Compensation”. As printed: 197,375. Filing ↗machine: t6 · r3 · c15 · span 253834–253841
19Section 08, David HamamotoDEF 14A2025-04-250001830188-25-000028Section “Director Compensation”. As printed: 164,600. Filing ↗machine: t6 · r9 · c15 · span 272859–272866
20Section 08, James M. PirrelloDEF 14A2025-04-250001830188-25-000028Section “Director Compensation”. As printed: 33,750. Filing ↗machine: t6 · r13 · c3 · span 283930–283936
21Section 08, Michael NieriDEF 14A2025-04-250001830188-25-000028Section “Director Compensation”. As printed: 0. Filing ↗machine: t6 · r11 · c15 · span 279179–279180
22Section 08, Tom O'GradyDEF 14A2025-04-250001830188-25-000028Section “Director Compensation”. As printed: 0. Filing ↗
23Section 08, Robert GroveDEF 14A2025-04-250001830188-25-000028Section “Director Compensation”. As printed: 0. Filing ↗machine: t6 · r7 · c15 · span 267100–267101
24Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
25Section 09b board cost (computed)ComputedcomputedCash 624,583 + equity 100,240 + all other 0 = 724,823, summed across the director compensation table rows.machine: formula: Σ = 724,823
26United Homes Group (subject), Section 10b CEO totalDEF 14A2025-04-250001830188-25-000028CEO total compensation as printed in United Homes Group's own proxy. As printed: 388,884. Filing ↗machine: span 487776–487783