Forestar amends stockholder agreement with D.R. Horton, raises investment approval threshold to $45M

Forestar Group Inc.

Investment approval threshold increased from $20M to $45M under amended Stockholder’s Agreement with D.R. Horton (owner of ~62% of FOR).
Charter amendment to align with new threshold to be proposed at 2025 Annual Meeting; existing Charter provisions remain until stockholder approval.
Compensation Committee adopted Executive Cash Incentive Plan for FY2025 based on pre-tax income, with payout from 0% to 200% of target, paid semi-annually.
New PSU grant with three equally weighted metrics (relative TSR, return on inventory, market share) over a three-year performance period (FY2025-2027).

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