secwatch.observer — SEC 8-K summary
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Issuer:     United Homes Group, Inc. (UHG)
CIK:        0001830188
Form:       8-K
Filed at:   2024-02-23T23:59:59+00:00
Accession:  0001104659-24-027136
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

United Homes Group sets 2024 executive compensation; PSUs tied to $18 stock price target
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- CEO Michael Nieri base salary $1,033,907; max bonus potential $2,326,293 (quantitative $1,628,406 + qualitative $697,887).
- CEO equity: 337,500 stock options (4-yr ratable vest) and 112,500 PSUs; PSUs vest if VWAP ≥ $18 for 20/30 days by 2028.
- COO Twine base $338,635, CFO Feldman base $400,000, Co-EVP Pennington Nieri base $288,634; each also receive options and PSUs.
- Cash bonuses tied to adjusted EBITDA (minimum $40M for qualitative), revenue, and home closings; performance scales 50%-100% payout.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1830188/000110465924027136/0001104659-24-027136-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1830188/000110465924027136/tm247052d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-027136

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer