M/I Homes CEO Robert Schottenstein's 2019 pay rises 2% to $5.3M
M/I Homes reports 2019 executive compensation
By ExecPay News
Published: April 7, 2020
M/I Homes reported fiscal year 2019 executive compensation information on April 7, 2020.
In 2019, three M/I Homes executives received on average a compensation package of $3.3M, a 2% 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 2% compared to 2018. 48% of Schottenstein's compensation, or $2.6M, was in non-equity incentive plan. Schottenstein also received $870K in option awards, $900K in salary, $777K in stock awards, as well as $238K in other compensation.
For fiscal year 2019, the median employee pay was $74,582 at M/I Homes. Therefore, the ratio of Robert H. Schottenstein's pay to the median employee pay was 72 to one.
Phillip G. Creek, Chief Financial Officer, received a compensation package of $2.8M, which increased by 1% compared to previous year. 44% of the compensation package, or $1.2M, was in non-equity incentive plan.
J. Thomas Mason, Chief Legal Officer, earned $1.9M in 2019, a 2% increase compared to previous year.
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Source: SEC filing on April 7, 2020.