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Pay vs Performance Disclosure - USD ($) | 12 Months Ended
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Nov. 30, 2023 | Nov. 30, 2022 | Nov. 30, 2021
Pay vs Performance Disclosure |  |  |
Pay vs Performance Disclosure, Table | Pay Versus Performance Disclosure In accordance with rules adopted by the Securities and Exchange Commission pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, we provide the following disclosure regarding executive compensation for our principal executive officers (“PEOs”), and the average compensation of our Non-PEO named executive officers (“Non-PEO NEOs”) and Company performance for the fiscal years listed b e low. The Compensation Committee did not consider the pay versus performance disclosure below in making its pay decisions for any of the years shown.
Year |  | Summary Compensation Table Total for First PEO 1 ($) |  |  | Summary Compensation Table Total for Second PEO 1 ($) |  |  | Summary Compensation Table Total for Third PEO 1 ($) |  |  | Compensation Actually Paid to First PEO 1,2,3 ($) |  |  | Compensation Actually Paid to Second PEO 1,2,3 ($) |  |  | Compensation Actually Paid to Third PEO 1,2,3 ($) |  |  | Average Summary Compensation Table Total for Non-PEO NEOs 1 ($) |  |  | Average Compensation Actually Paid to Non-PEO NEOs 1,2,3 ($) |  |  | Value of Initial Fixed $100 Investment based on: 4 |  |  | Net Income ($ Millions) |  |  | Pretax Income ($ Millions) 5 |
| TSR ($) |  |  | Peer Group TSR ($) |
(a) |  | (b) |  |  | (b) |  |  | (b) |  |  | (c) |  |  | (c) |  |  | (c) |  |  | (d) |  |  | (e) |  |  | (f) |  |  | (g) |  |  | (h) |  |  | (i) |
2023 |  |  | 43,807,563 |  |  |  | 29,140,667 |  |  |  | 34,284,913 |  |  |  | (714,918 | ) |  |  | 62,138,860 |  |  |  | 72,458,683 |  |  |  | 4,496,245 |  |  |  | 6,701,147 |  |  |  | 175.95 |  |  |  | 160.51 |  |  |  | 3,961 |  |  |  | 5,202 |
2022 |  |  | 30,447,048 |  |  |  | 30,032,983 |  |  |  | — |  |  |  | 33,989,081 |  |  |  | 34,618,820 |  |  |  | — |  |  |  | 12,287,576 |  |  |  | 12,862,760 |  |  |  | 119.19 |  |  |  | 110.92 |  |  |  | 4,649 |  |  |  | 6,015 |
2021 |  |  | 34,045,217 |  |  |  | 34,045,217 |  |  |  | — |  |  |  | 57,303,560 |  |  |  | 53,539,484 |  |  |  | — |  |  |  | 13,029,166 |  |  |  | 21,327,286 |  |  |  | 139.95 |  |  |  | 136.32 |  |  |  | 4,457 |  |  |  | 5,819 |
1. | Rick Beckwitt (“First PEO”) was our Co-PEO from November 2020 until his retirement in September 2023. For more information on his Retirement and Separation Agreement, see “Compensation Discussion and Analysis—Executive Transitions—Departure of Rick Beckwitt” in this proxy statement. Jonathan M. Jaffe (“Second PEO”) was our Co-PEO for each year presented. Stuart Miller (“Third PEO”) was our Co-PEO from September 2023 to present. The individuals comprising the Non-PEO NEOs for each year presented are listed below.
2021 |  | 2022 |  | 2023
Stuart Miller |  | Stuart Miller |  | Diane Bessette
Diane Bessette |  | Diane Bessette |  | Jeff McCall
Jeff McCall |  | Jeff McCall |  | Mark Sustana
Mark Sustana |  | Mark Sustana |  | David Collins
2. | The amounts shown for Compensation Actually Paid have been calculated in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually earned, realized, or received by the Company’s NEOs. These amounts reflect the Summary Compensation Table Total with certain adjustments as described in footnote 3 below.
3. | Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEOs and the Non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards column are the amounts from the Stock Awards column set forth in the Summary Compensation Table.
First PEO Summary Compensation Table Total to Compensation Actually Paid Reconciliation
|  |  |  | 2023 |  |  | 2022 |  |  | 2021 |
Summary Compensation Table Total ( $ ) |  | (A) |  | $ | 43,807,563 |  |  | $ | 30,447,048 |  |  | $ | 34,045,217 |
Exclusion of Stock Awards ($) |  |  |  | ($ | 22,999,640 | ) |  | ($ | 23,199,948 | ) |  | ($ | 16,607,806) |
Total Deductions from Summary Compensation Table ($) |  | (B) |  | ($ | 22,999,640 | ) |  | ($ | 23,199,948 | ) |  | ($ | 16,607,806) |
Increase for Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year ($) |  |  |  |  | — |  |  | $ | 27,274,472 |  |  | $ | 17,788,082 |
Increase/(Deduction) for Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards ($) |  |  |  |  | — |  |  | ($ | 5,085,195 | ) |  | $ | 17,089,269 |
Increase for Vesting-Date Fair Value of Equity Awards Granted During Year that Vested During Year ($) |  |  |  | $ | 8,036,968 |  |  | $ | 8,539,790 |  |  | $ | 2,220,371 |
Increase/(Deduction) for Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year ($) |  |  |  | $ | 4,297,825 |  |  | ($ | 3,987,086 | ) |  | $ | 2,768,427 |
(Deduction) of Fair Value from Last Day of Prior Year of Equity Awards that Failed to Meet Applicable Vesting Conditions During Year ($) |  |  |  | ($ | 33,857,634 | ) |  |  | — |  |  |  | — |
Total Adjustments ($) |  | (C) |  | ( $ | 21,522,841 | ) |  | $ | 26,741,981 |  |  | $ | 39,866,149 |
Compensation Actually Paid to ( $ ) |  | (A) + (B) + (C) |  | ( $ | 714,918 | ) |  | $ | 33,989,081 |  |  | $ | 57,303,560 |
Second PEO Summary Compensation Table Total to Compensation Actually Paid Reconciliation
|  |  |  | 2023 |  |  | 2022 |  |  | 2021 |
Summary Compensation Table Total ( $ ) |  | (A) |  | $ | 29,140,667 |  |  | $ | 30,032,983 |  |  | $ | 34,045,217 |
Exclusion of Stock Awards ($) |  |  |  | ($ | 22,999,640 | ) |  | ($ | 23,199,948 | ) |  | ($ | 16,607,806) |
Total Deductions from Summary Compensation Table ($) |  | (B) |  | ($ | 22,999,640 | ) |  | ($ | 23,199,948 | ) |  | ($ | 16,607,806) |
Increase for Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year ($) |  |  |  | $ | 33,330,225 |  |  | $ | 27,274,472 |  |  | $ | 17,048,646 |
Increase/(Deduction) for Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards ($) |  |  |  | $ | 17,700,849 |  |  | ($ | 4,623,582 | ) |  | $ | 14,731,964 |
Increase for Vesting-Date Fair Value of Equity Awards Granted During Year that Vested During Year ($) |  |  |  | $ | 2,739,000 |  |  | $ | 8,539,790 |  |  | $ | 2,810,194 |
Increase/(Deduction) for Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year ($) |  |  |  | $ | 2,227,759 |  |  | ($ | 3,404,895 | ) |  | $ | 1,511,269 |
Total Adjustments ($) |  | (C) |  | $ | 55,997,833 |  |  | $ | 27,785,785 |  |  | $ | 36,102,073 |
Compensation Actually Paid to ( $ ) |  | (A) + (B) + (C) |  | $ | 62,138,860 |  |  | $ | 34,618,820 |  |  | $ | 53,539,484 |
Third PEO Summary Compensation Table Total to Compensation Actually Paid Reconciliation
|  |  |  |  | 2023 |  |  |  |  |  |  |
Summary Compensation Table Total ( $ ) |  |  | (A) |  |  | $ | 34,284,913 |  |  |  |  |  |  |  |  |
Exclusion of Stock Awards ($) |  |  |  |  |  | ($ | 26,270,845) |  |  |  |  |  |  |  |  |
Total Deductions from Summary Compensation Table ($) |  |  | (B) |  |  | ($ | 26,270,845) |  |  |  |  |  |  |  |  |
Increase for Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year ($) |  |  |  |  |  | $ | 38,071,108 |  |  |  |  |  |  |  |  |
Increase/(Deduction) for Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards ($) |  |  |  |  |  | $ | 20,349,810 |  |  |  |  |  |  |  |  |
Increase for Vesting-Date Fair Value of Equity Awards Granted During Year that Vested During Year ($) |  |  |  |  |  | $ | 3,128,378 |  |  |  |  |  |  |  |  |
Increase/(Deduction) for Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year ($) |  |  |  |  |  | $ | 2,895,319 |  |  |  |  |  |  |  |  |
Total Adjustments ($) |  |  | (C) |  |  | $ | 64,444,615 |  |  |  |  |  |  |  |  |
Compensation Actually Paid to ( $ ) |  |  | (A) + (B) + (C) |  |  | $ | 72,458,683 |  |  |  |  |  |  |  |  |
Non-PEO NEOs Average Summary Compensation Table Total to Average Compensation Actually Paid Reconciliation
|  |  |  | 2023 |  |  | 2022 |  |  | 2021 |
Summary Compensation Table Total ( $ ) |  | (A) |  | $ | 4,496,245 |  |  | $ | 12,287,576 |  |  | $ | 13,029,166 |
Exclusion of Stock Awards ($) |  |  |  | ($ | 1,867,808 | ) |  | ($ | 7,962,975 | ) |  | ($ | 5,965,512) |
Total Deductions from Summary Compensation Table ($) |  | (B) |  | ($ | 1,867,808 | ) |  | ($ | 7,962,975 | ) |  | ($ | 5,965,512) |
Increase for Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year ($) |  |  |  | $ | 2,317,489 |  |  | $ | 9,117,093 |  |  | $ | 6,895,238 |
Increase/(Deduction) for Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards ($) |  |  |  | $ | 1,108,081 |  |  | ($ | 1,886,338 | ) |  | $ | 5,600,505 |
Increase for Vesting-Date Fair Value of Equity Awards Granted During Year that Vested During Year ($) |  |  |  | $ | 312,398 |  |  | $ | 2,664,745 |  |  | $ | 871,990 |
Increase/(Deduction) for Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year ($) |  |  |  | $ | 334,742 |  |  | ($ | 1,357,341 | ) |  | $ | 895,899 |
Total Adjustments ($) |  | (C) |  | $ | 4,072,710 |  |  | $ | 8,538,159 |  |  | $ | 14,263,632 |
Compensation Actually Paid to ( $ ) |  | (A) + (B) + (C) |  | $ | 6,701,147 |  |  | $ | 12,862,760 |  |  | $ | 21,327,286 |
For the values of equity awards at fiscal year-end that are reflected in the Total Adjustments above in the footnote 3 tables, the valuations of certain performance stock unit awards which vest based on relative TSR and were granted prior to our 2023 fiscal year use a Monte Carlo simulation methodology which differs from the approach used to value the awards as of the grant date. A Monte Carlo simulation was used because it provides a better estimate of fair value compared to closing stock price, the methodology used for the grant date valuations.
4. | The Peer Group TSR set forth in this table utilizes the Dow Jones U.S. Home Construction Index, which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in our Annual Report for the year ended November 30, 2023. The comparison assumes $100 was invested for the period starting November 30, 2020, through the end of the listed year in the Company and in the Dow Jones U.S. Home Construction Index, respectively. Historical stock performance is not necessarily indicative of future stock performance.
5. | We determined Pretax Income (as defined in “Compensation Discussion and Analysis—2023 Compensation Decisions—Annual Cash Incentive Compensation” of this proxy statement) to be the most important financial performance measure used to link Company performance to Compensation Actually Paid to our PEOs and Non-PEO NEOs in 2023. This performance measure may not have been the most important financial performance measure for years 2022 and 2021 and we may determine a different financial performance measure to be the most important financial performance measure in future years.
Company Selected Measure Name | Pretax Income |  |
Named Executive Officers, Footnote |
1. | Rick Beckwitt (“First PEO”) was our Co-PEO from November 2020 until his retirement in September 2023. For more information on his Retirement and Separation Agreement, see “Compensation Discussion and Analysis—Executive Transitions—Departure of Rick Beckwitt” in this proxy statement. Jonathan M. Jaffe (“Second PEO”) was our Co-PEO for each year presented. Stuart Miller (“Third PEO”) was our Co-PEO from September 2023 to present. The individuals comprising the Non-PEO NEOs for each year presented are listed below.
2021 |  | 2022 |  | 2023
Stuart Miller |  | Stuart Miller |  | Diane Bessette
Diane Bessette |  | Diane Bessette |  | Jeff McCall
Jeff McCall |  | Jeff McCall |  | Mark Sustana
Mark Sustana |  | Mark Sustana |  | David Collins
Peer Group Issuers, Footnote | The Peer Group TSR set forth in this table utilizes the Dow Jones U.S. Home Construction Index, which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in our Annual Report for the year ended November 30, 2023. The comparison assumes $100 was invested for the period starting November 30, 2020, through the end of the listed year in the Company and in the Dow Jones U.S. Home Construction Index, respectively. Historical stock performance is not necessarily indicative of future stock performance. |  |
Adjustment To PEO Compensation, Footnote |
3. | Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEOs and the Non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards column are the amounts from the Stock Awards column set forth in the Summary Compensation Table.
First PEO Summary Compensation Table Total to Compensation Actually Paid Reconciliation
|  |  |  | 2023 |  |  | 2022 |  |  | 2021 |
Summary Compensation Table Total ( $ ) |  | (A) |  | $ | 43,807,563 |  |  | $ | 30,447,048 |  |  | $ | 34,045,217 |
Exclusion of Stock Awards ($) |  |  |  | ($ | 22,999,640 | ) |  | ($ | 23,199,948 | ) |  | ($ | 16,607,806) |
Total Deductions from Summary Compensation Table ($) |  | (B) |  | ($ | 22,999,640 | ) |  | ($ | 23,199,948 | ) |  | ($ | 16,607,806) |
Increase for Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year ($) |  |  |  |  | — |  |  | $ | 27,274,472 |  |  | $ | 17,788,082 |
Increase/(Deduction) for Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards ($) |  |  |  |  | — |  |  | ($ | 5,085,195 | ) |  | $ | 17,089,269 |
Increase for Vesting-Date Fair Value of Equity Awards Granted During Year that Vested During Year ($) |  |  |  | $ | 8,036,968 |  |  | $ | 8,539,790 |  |  | $ | 2,220,371 |
Increase/(Deduction) for Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year ($) |  |  |  | $ | 4,297,825 |  |  | ($ | 3,987,086 | ) |  | $ | 2,768,427 |
(Deduction) of Fair Value from Last Day of Prior Year of Equity Awards that Failed to Meet Applicable Vesting Conditions During Year ($) |  |  |  | ($ | 33,857,634 | ) |  |  | — |  |  |  | — |
Total Adjustments ($) |  | (C) |  | ( $ | 21,522,841 | ) |  | $ | 26,741,981 |  |  | $ | 39,866,149 |
Compensation Actually Paid to ( $ ) |  | (A) + (B) + (C) |  | ( $ | 714,918 | ) |  | $ | 33,989,081 |  |  | $ | 57,303,560 |
Second PEO Summary Compensation Table Total to Compensation Actually Paid Reconciliation
|  |  |  | 2023 |  |  | 2022 |  |  | 2021 |
Summary Compensation Table Total ( $ ) |  | (A) |  | $ | 29,140,667 |  |  | $ | 30,032,983 |  |  | $ | 34,045,217 |
Exclusion of Stock Awards ($) |  |  |  | ($ | 22,999,640 | ) |  | ($ | 23,199,948 | ) |  | ($ | 16,607,806) |
Total Deductions from Summary Compensation Table ($) |  | (B) |  | ($ | 22,999,640 | ) |  | ($ | 23,199,948 | ) |  | ($ | 16,607,806) |
Increase for Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year ($) |  |  |  | $ | 33,330,225 |  |  | $ | 27,274,472 |  |  | $ | 17,048,646 |
Increase/(Deduction) for Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards ($) |  |  |  | $ | 17,700,849 |  |  | ($ | 4,623,582 | ) |  | $ | 14,731,964 |
Increase for Vesting-Date Fair Value of Equity Awards Granted During Year that Vested During Year ($) |  |  |  | $ | 2,739,000 |  |  | $ | 8,539,790 |  |  | $ | 2,810,194 |
Increase/(Deduction) for Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year ($) |  |  |  | $ | 2,227,759 |  |  | ($ | 3,404,895 | ) |  | $ | 1,511,269 |
Total Adjustments ($) |  | (C) |  | $ | 55,997,833 |  |  | $ | 27,785,785 |  |  | $ | 36,102,073 |
Compensation Actually Paid to ( $ ) |  | (A) + (B) + (C) |  | $ | 62,138,860 |  |  | $ | 34,618,820 |  |  | $ | 53,539,484 |
Third PEO Summary Compensation Table Total to Compensation Actually Paid Reconciliation
|  |  |  |  | 2023 |  |  |  |  |  |  |
Summary Compensation Table Total ( $ ) |  |  | (A) |  |  | $ | 34,284,913 |  |  |  |  |  |  |  |  |
Exclusion of Stock Awards ($) |  |  |  |  |  | ($ | 26,270,845) |  |  |  |  |  |  |  |  |
Total Deductions from Summary Compensation Table ($) |  |  | (B) |  |  | ($ | 26,270,845) |  |  |  |  |  |  |  |  |
Increase for Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year ($) |  |  |  |  |  | $ | 38,071,108 |  |  |  |  |  |  |  |  |
Increase/(Deduction) for Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards ($) |  |  |  |  |  | $ | 20,349,810 |  |  |  |  |  |  |  |  |
Increase for Vesting-Date Fair Value of Equity Awards Granted During Year that Vested During Year ($) |  |  |  |  |  | $ | 3,128,378 |  |  |  |  |  |  |  |  |
Increase/(Deduction) for Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year ($) |  |  |  |  |  | $ | 2,895,319 |  |  |  |  |  |  |  |  |
Total Adjustments ($) |  |  | (C) |  |  | $ | 64,444,615 |  |  |  |  |  |  |  |  |
Compensation Actually Paid to ( $ ) |  |  | (A) + (B) + (C) |  |  | $ | 72,458,683 |  |  |  |  |  |  |  |  |
Non-PEO NEO Average Total Compensation Amount | $ 4,496,245 | $ 12,287,576 | $ 13,029,166
Non-PEO NEO Average Compensation Actually Paid Amount | $ 6,701,147 | 12,862,760 | 21,327,286
Adjustment to Non-PEO NEO Compensation Footnote | Non-PEO NEOs Average Summary Compensation Table Total to Average Compensation Actually Paid Reconciliation
|  |  |  | 2023 |  |  | 2022 |  |  | 2021 |
Summary Compensation Table Total ( $ ) |  | (A) |  | $ | 4,496,245 |  |  | $ | 12,287,576 |  |  | $ | 13,029,166 |
Exclusion of Stock Awards ($) |  |  |  | ($ | 1,867,808 | ) |  | ($ | 7,962,975 | ) |  | ($ | 5,965,512) |
Total Deductions from Summary Compensation Table ($) |  | (B) |  | ($ | 1,867,808 | ) |  | ($ | 7,962,975 | ) |  | ($ | 5,965,512) |
Increase for Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year ($) |  |  |  | $ | 2,317,489 |  |  | $ | 9,117,093 |  |  | $ | 6,895,238 |
Increase/(Deduction) for Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards ($) |  |  |  | $ | 1,108,081 |  |  | ($ | 1,886,338 | ) |  | $ | 5,600,505 |
Increase for Vesting-Date Fair Value of Equity Awards Granted During Year that Vested During Year ($) |  |  |  | $ | 312,398 |  |  | $ | 2,664,745 |  |  | $ | 871,990 |
Increase/(Deduction) for Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year ($) |  |  |  | $ | 334,742 |  |  | ($ | 1,357,341 | ) |  | $ | 895,899 |
Total Adjustments ($) |  | (C) |  | $ | 4,072,710 |  |  | $ | 8,538,159 |  |  | $ | 14,263,632 |
Compensation Actually Paid to ( $ ) |  | (A) + (B) + (C) |  | $ | 6,701,147 |  |  | $ | 12,862,760 |  |  | $ | 21,327,286 |
For the values of equity awards at fiscal year-end that are reflected in the Total Adjustments above in the footnote 3 tables, the valuations of certain performance stock unit awards which vest based on relative TSR and were granted prior to our 2023 fiscal year use a Monte Carlo simulation methodology which differs from the approach used to value the awards as of the grant date. A Monte Carlo simulation was used because it provides a better estimate of fair value compared to closing stock price, the methodology used for the grant date valuations. |  |
Compensation Actually Paid vs. Total Shareholder Return | Relationship Between PEOs and Non-PEO NEO Compensation Actually Paid and Company Total Shareholder Return (“TSR”) The following chart sets forth the relationship between Compensation Actually Paid to our PEOs, the average of Compensation Actually Paid to our Non-PEO NEOs, and the Company’s cumulative TSR over the three most recently completed fiscal years. |  |
Compensation Actually Paid vs. Net Income | Relationship Between PEOs and Non-PEO NEO Compensation Actually Paid and Net Income The following chart sets forth the relationship between Compensation Actually Paid to our PEOs , the average of Compensation Actually Paid to our Non-PEO NEOs, and our Net Income during the three most recently completed fiscal years. |  |
Compensation Actually Paid vs. Company Selected Measure | Relationship Between PEOs and Non-PEO NEO Compensation Actually Paid and Pretax Income The following chart sets forth the relationship between Compensation Actually Paid to our PEOs, the average of Compensation Actually Paid to our Non-PEO NEOs, and our Pretax Income during the three most recently completed fiscal years. |  |
Total Shareholder Return Vs Peer Group | Relationship Between Company TSR and Peer Group TSR The following chart compares our cumulative TSR over the three most recently completed fiscal years to that of the Dow Jones U.S. Home Construction Index over the same period. |  |
Tabular List, Table | Tabular List of Most Important Financial Performance Measures The following table presents the financial performance measures that the Company considers to have been the most important in linking Compensation Actually Paid to our PEOs and other NEOs for 2023 to Company performance. The measures in this table are not ranked.
|  | Pretax Income |  |
|  | Relative Gross Profit Percentage |  |
|  | Relative Return on Tangible Capital |  |
|  | Relative Total Shareholder Return |  |
|  | Debt to EBITDA Ratio |  |
Total Shareholder Return Amount | $ 175.95 | 119.19 | 139.95
Peer Group Total Shareholder Return Amount | 160.51 | 110.92 | 136.32
Net Income (Loss) | $ 3,961,000,000 | $ 4,649,000,000 | $ 4,457,000,000
Company Selected Measure Amount | 5,202,000,000 | 6,015,000,000 | 5,819,000,000
Measure:: 1 |  |  |
Pay vs Performance Disclosure |  |  |
Name | Pretax Income |  |
Measure:: 2 |  |  |
Pay vs Performance Disclosure |  |  |
Name | Relative Gross Profit Percentage |  |
Measure:: 3 |  |  |
Pay vs Performance Disclosure |  |  |
Name | Relative Return on Tangible Capital |  |
Measure:: 4 |  |  |
Pay vs Performance Disclosure |  |  |
Name | Relative Total Shareholder Return |  |
Measure:: 5 |  |  |
Pay vs Performance Disclosure |  |  |
Name | Debt to EBITDA Ratio |  |
Rick Beckwitt [Member] |  |  |
Pay vs Performance Disclosure |  |  |
PEO Total Compensation Amount | $ 43,807,563 | $ 30,447,048 | $ 34,045,217
PEO Actually Paid Compensation Amount | $ (714,918) | 33,989,081 | 57,303,560
PEO Name | Rick Beckwitt |  |
Jonathan M. Jaffe [Member] |  |  |
Pay vs Performance Disclosure |  |  |
PEO Total Compensation Amount | $ 29,140,667 | 30,032,983 | 34,045,217
PEO Actually Paid Compensation Amount | $ 62,138,860 | 34,618,820 | 53,539,484
PEO Name | Jonathan M. Jaffe |  |
Stuart Miller [Member] |  |  |
Pay vs Performance Disclosure |  |  |
PEO Total Compensation Amount | $ 34,284,913 | 0 | 0
PEO Actually Paid Compensation Amount | $ 72,458,683 | 0 | 0
PEO Name | Stuart Miller |  |
PEO | Rick Beckwitt [Member] | Exclusion of Stock Awards [Member] |  |  |
Pay vs Performance Disclosure |  |  |
Adjustment to Compensation, Amount | $ (22,999,640) | (23,199,948) | (16,607,806)
PEO | Rick Beckwitt [Member] | Total Deductions from SCT [Member] |  |  |
Pay vs Performance Disclosure |  |  |
Adjustment to Compensation, Amount | (22,999,640) | (23,199,948) | (16,607,806)
PEO | Rick Beckwitt [Member] | Increase for Year End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year [Member] |  |  |
Pay vs Performance Disclosure |  |  |
Adjustment to Compensation, Amount | 0 | 27,274,472 | 17,788,082
PEO | Rick Beckwitt [Member] | Increase (Deduction) for Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards [Member] |  |  |
Pay vs Performance Disclosure |  |  |
Adjustment to Compensation, Amount | 0 | (5,085,195) | 17,089,269
PEO | Rick Beckwitt [Member] | Increase for Vesting Date Fair Value of Equity Awards Granted During Year that Vested During Year [Member] |  |  |
Pay vs Performance Disclosure |  |  |
Adjustment to Compensation, Amount | 8,036,968 | 8,539,790 | 2,220,371
PEO | Rick Beckwitt [Member] | Increase (Deduction) for Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year [Member] |  |  |
Pay vs Performance Disclosure |  |  |
Adjustment to Compensation, Amount | 4,297,825 | (3,987,086) | 2,768,427
PEO | Rick Beckwitt [Member] | (Deduction) of Fair Value from Last Day of Prior Year of Equity Awards that Failed to Meet Applicable Vesting Conditions During Year [Member] |  |  |
Pay vs Performance Disclosure |  |  |
Adjustment to Compensation, Amount | (33,857,634) | 0 | 0
PEO | Rick Beckwitt [Member] | Total Adjustments [Member] |  |  |
Pay vs Performance Disclosure |  |  |
Adjustment to Compensation, Amount | (21,522,841) | 26,741,981 | 39,866,149
PEO | Jonathan M. Jaffe [Member] | Exclusion of Stock Awards [Member] |  |  |
Pay vs Performance Disclosure |  |  |
Adjustment to Compensation, Amount | (22,999,640) | (23,199,948) | (16,607,806)
PEO | Jonathan M. Jaffe [Member] | Total Deductions from SCT [Member] |  |  |
Pay vs Performance Disclosure |  |  |
Adjustment to Compensation, Amount | (22,999,640) | (23,199,948) | (16,607,806)
PEO | Jonathan M. Jaffe [Member] | Increase for Year End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year [Member] |  |  |
Pay vs Performance Disclosure |  |  |
Adjustment to Compensation, Amount | 33,330,225 | 27,274,472 | 17,048,646
PEO | Jonathan M. Jaffe [Member] | Increase (Deduction) for Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards [Member] |  |  |
Pay vs Performance Disclosure |  |  |
Adjustment to Compensation, Amount | 17,700,849 | (4,623,582) | 14,731,964
PEO | Jonathan M. Jaffe [Member] | Increase for Vesting Date Fair Value of Equity Awards Granted During Year that Vested During Year [Member] |  |  |
Pay vs Performance Disclosure |  |  |
Adjustment to Compensation, Amount | 2,739,000 | 8,539,790 | 2,810,194
PEO | Jonathan M. Jaffe [Member] | Increase (Deduction) for Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year [Member] |  |  |
Pay vs Performance Disclosure |  |  |
Adjustment to Compensation, Amount | 2,227,759 | (3,404,895) | 1,511,269
PEO | Jonathan M. Jaffe [Member] | Total Adjustments [Member] |  |  |
Pay vs Performance Disclosure |  |  |
Adjustment to Compensation, Amount | 55,997,833 | 27,785,785 | 36,102,073
PEO | Stuart Miller [Member] | Exclusion of Stock Awards [Member] |  |  |
Pay vs Performance Disclosure |  |  |
Adjustment to Compensation, Amount | (26,270,845) |  |
PEO | Stuart Miller [Member] | Total Deductions from SCT [Member] |  |  |
Pay vs Performance Disclosure |  |  |
Adjustment to Compensation, Amount | (26,270,845) |  |
PEO | Stuart Miller [Member] | Increase for Year End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year [Member] |  |  |
Pay vs Performance Disclosure |  |  |
Adjustment to Compensation, Amount | 38,071,108 |  |
PEO | Stuart Miller [Member] | Increase (Deduction) for Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards [Member] |  |  |
Pay vs Performance Disclosure |  |  |
Adjustment to Compensation, Amount | 20,349,810 |  |
PEO | Stuart Miller [Member] | Increase for Vesting Date Fair Value of Equity Awards Granted During Year that Vested During Year [Member] |  |  |
Pay vs Performance Disclosure |  |  |
Adjustment to Compensation, Amount | 3,128,378 |  |
PEO | Stuart Miller [Member] | Increase (Deduction) for Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year [Member] |  |  |
Pay vs Performance Disclosure |  |  |
Adjustment to Compensation, Amount | 2,895,319 |  |
PEO | Stuart Miller [Member] | Total Adjustments [Member] |  |  |
Pay vs Performance Disclosure |  |  |
Adjustment to Compensation, Amount | 64,444,615 |  |
Non-PEO NEO | Exclusion of Stock Awards [Member] |  |  |
Pay vs Performance Disclosure |  |  |
Adjustment to Compensation, Amount | (1,867,808) | (7,962,975) | (5,965,512)
Non-PEO NEO | Total Deductions from SCT [Member] |  |  |
Pay vs Performance Disclosure |  |  |
Adjustment to Compensation, Amount | (1,867,808) | (7,962,975) | (5,965,512)
Non-PEO NEO | Increase for Year End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year [Member] |  |  |
Pay vs Performance Disclosure |  |  |
Adjustment to Compensation, Amount | 2,317,489 | 9,117,093 | 6,895,238
Non-PEO NEO | Increase (Deduction) for Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards [Member] |  |  |
Pay vs Performance Disclosure |  |  |
Adjustment to Compensation, Amount | 1,108,081 | (1,886,338) | 5,600,505
Non-PEO NEO | Increase for Vesting Date Fair Value of Equity Awards Granted During Year that Vested During Year [Member] |  |  |
Pay vs Performance Disclosure |  |  |
Adjustment to Compensation, Amount | 312,398 | 2,664,745 | 871,990
Non-PEO NEO | Increase (Deduction) for Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year [Member] |  |  |
Pay vs Performance Disclosure |  |  |
Adjustment to Compensation, Amount | 334,742 | (1,357,341) | 895,899
Non-PEO NEO | Total Adjustments [Member] |  |  |
Pay vs Performance Disclosure |  |  |
Adjustment to Compensation, Amount | $ 4,072,710 | $ 8,538,159 | $ 14,263,632

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