KB Home

10/14/2026 | Press release | Distributed by Public on 10/14/2026 14:43

Management Change/Compensation (Form 8-K)

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(e) Long-Term Incentive Awards. On October 8, 2026, the management development and compensation committee of the board of directors of KB Home approved grants of long-term incentive awards to KB Home's named executive officers listed below under the terms of the Amended and Restated KB Home 2014 Equity Incentive Plan and the most recently filed form performance-based restricted stock unit ("PSU") award agreement.
The awards to the named executive officers consisted solely of PSUs corresponding to a target award amount of shares of KB Home common stock ("Award Shares") for each recipient. Each PSU entitles a recipient to receive between 0% to 200% of the recipient's Award Shares based on KB Home's achieving over the three-year performance period commencing on December 1, 2026 and ending on November 30, 2029 specified levels of (a) cumulative adjusted earnings per share; (b) average adjusted return on invested capital; and (c) revenue growth performance relative to a peer group of high-production public homebuilding companies. The earnings per share performance measure will determine 40%, the average return on invested capital performance measure will determine 35%, and the relative revenue growth performance measure will determine 25%, of the final number of shares of KB Home common stock that may be issued pursuant to each PSU. Each PSU recipient is also entitled to a cash payment equal to the ratio of such final number of shares issued to them to their respective Award Shares multiplied by a credited dividend equivalent amount for each Award Share. The credited dividend equivalent amount is equal to all the cash dividends paid in respect of one share of KB Home common stock with a record date between the grant date and the date the committee determines the applicable performance achievements. If performance over the performance period for all three performance measures is below specific thresholds, each PSU recipient will receive no shares of KB Home common stock and no credited cash dividend amount. A recipient will generally forfeit all rights to receive Award Shares and a dividend equivalent cash payout upon a termination of service, except that a recipient will vest in the full Award Shares and cash payout ultimately determined for each PSU, if any, upon their death, disability or attaining or having attained at least 55 years of age and 15 consecutive years of service with KB Home.
The below table shows the respective Award Shares granted to KB Home's named executive officers on October 8, 2026.
Named Executive Officer Performance-Based Restricted Stock Units (#)
Robert V. McGibney 135,227
Jeffrey T. Mezger 112,689
Brian J. Woram 21,411
2
KB Home published this content on October 14, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on October 14, 2026 at 20:43 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]