M/I Homes CEO Robert Schottenstein's 2020 pay jumps 29% to $6.9M
M/I Homes reports 2020 executive compensation
By ExecPay News
Published: April 7, 2021
M/I Homes reported fiscal year 2020 executive compensation information on April 7, 2021.
In 2020, three M/I Homes executives received on average a compensation package of $4.2M, a 26% increase compared to previous year.
Average pay of disclosed executives at M/I Homes
Robert H. Schottenstein, Chief Executive Officer, received $6.9M in total, which increased by 29% compared to 2019. 51% of Schottenstein's compensation, or $3.5M, was in non-equity incentive plan. Schottenstein also received $1.3M in option awards, $1M in salary, $978K in stock awards, as well as $140K in other compensation.
For fiscal year 2020, the median employee pay was $84,775 at M/I Homes. Therefore, the ratio of Robert H. Schottenstein's pay to the median employee pay was 81 to one.
Phillip G. Creek, Chief Financial Officer, received a compensation package of $3.6M, which increased by 30% compared to previous year. 45% of the compensation package, or $1.6M, was in non-equity incentive plan.
J. Thomas Mason, Chief Legal Officer, earned $2.2M in 2020, a 14% increase compared to previous year.
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Source: SEC filing on April 7, 2021.