M/I Homes CEO Robert Schottenstein's 2018 pay rises 8% to $5.3M
M/I Homes reports 2018 executive compensation
By ExecPay News
Published: April 2, 2019
M/I Homes reported fiscal year 2018 executive compensation information on April 2, 2019.
In 2018, three M/I Homes executives received on average a compensation package of $3.3M, a 6% increase compared to previous year.
Average pay of disclosed executives at M/I Homes
Robert H. Schottenstein, Chief Executive Officer, received $5.3M in total, which increased by 8% compared to 2017. 43% of Schottenstein's compensation, or $2.3M, was in non-equity incentive plan. Schottenstein also received $1.1M in option awards, $900K in salary, $758K in stock awards, as well as $225K in other compensation.
For fiscal year 2018, the median employee pay was $71,570 at M/I Homes. Therefore, the ratio of Robert H. Schottenstein's pay to the median employee pay was 73 to one.
Phillip G. Creek, Chief Financial Officer, received a compensation package of $2.7M, which increased by 3% compared to previous year. 40% of the compensation package, or $1.1M, was in non-equity incentive plan.
J. Thomas Mason, Chief Legal Officer, earned $1.9M in 2018, a 2% increase compared to previous year.
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Source: SEC filing on April 2, 2019.