KB Home finalizes CEO succession: McGibney gets $1M base, 225% target bonus

KB HOME

Robert V. McGibney promoted to President and CEO effective March 1, 2026; compensation set Feb 20, 2026.
Base salary $1M; annual incentive target 225% of base, max 675%; long-term incentive to be determined in April.
Jeffrey T. Mezger remains Executive Chairman, no compensation changes; oversees growth, land, capital markets.
McGibney succeeds Mezger as principal executive officer for SEC purposes.

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