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Pay vs Performance Disclosure
12 Months Ended
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Pay vs Performance Disclosure [Table]      
Pay vs Performance [Table Text Block]
The following table sets forth information regarding the Company’s performance and the “compensation actually paid” to our named executive officers, as calculated in accordance with SEC
disclosure
rules
:
 
Pay Versus Performance
 
               
Year(1)
 
Summary
Compensation
Table Total
For PEO
($)(2)
   
Compensation
Actually
Paid to PEO
($)(3)
   
Average
Summary
Compensation
Table Total
For
Non-PEO

Named
Executive
Officers
($)(2)
   
Average
Compensation
Actually Paid
To
Non-PEO

Named
Executive
Officers
($)(3)
   
Value Of Initial Fixed $100
Investment Based On: (4)
   
Net
Income
($)
   
Adjusted
Pre-Tax

Income
($)(6)
 
 
Total
Shareholder
Return
($)
   
 
Peer Group
Total
Shareholder
Return
($)(5)
 
                                                                 
                 
2022
 
 
14,484,024
 
 
 
10,931,300
 
 
 
4,404,050
 
 
 
3,902,172
 
 
 
121.98
 
 
 
140.90
 
 
 
2,617,317
 
 
 
3,638,086
 
                                                                 
                 
2021
 
 
16,149,555
 
 
 
20,598,773
 
 
 
5,000,888
 
 
 
5,794,393
 
 
 
151.00
 
 
 
190.20
 
 
 
1,946,320
 
 
 
2,768,070
 
                                                                 
                 
2020
 
 
13,157,584
 
 
 
16,176,749
 
 
 
3,572,954
 
 
 
3,678,362
 
 
 
112.65
 
 
 
126.99
 
 
 
1,406,839
 
 
 
1,909,230
 
 
(1)
Mr. Marshall has served as the Principal Executive Officer (“PEO”) for the entirety of 2022, 2021 and 2020 and our other named executive officers for the applicable years were as follows:
 
 
 
2022: Robert T. O’Shaughnessy; John J. Chadwick; Todd N. Sheldon; and Michelle H. Hairston.
 
 
2021: Robert T. O’Shaughnessy; John J. Chadwick; Todd N. Sheldon; and Michelle H. Hairston.
 
 
2020: Robert T. O’Shaughnessy; John J. Chadwick; Todd N. Sheldon; Michelle H. Hairston; and Stephen P. Schlageter.
 
(2)
Amounts reported in these columns represent (i) the total compensation reported in the Summary Compensation Table for the applicable year in the case of Mr. Marshall and (ii) the average of the total compensation reported in the Summary Compensation Table for the applicable year for our other named executive officers reported for the applicable year other than the PEO for such years.
 
(3)
To calculate “compensation actually paid,” adjustments were made to the amounts reported in the Summary Compensation Table for the applicable year. A reconciliation of the adjustments for Mr. Marshall and for the average of the other named executive officers is set forth following the footnotes to this table.
 
(4)
Pursuant to rules of the SEC, the comparison assumes $100 was invested on December 31, 2019 in our common stock. Historic stock price performance is not necessarily indicative of future stock price performance.
 
(5)
The TSR Peer Group consists of the Dow Jones U.S. Select Home Construction Index, an independently prepared index that includes companies in the home construction industry.
 
(6)
As noted in the CD&A, for 2022, the Compensation Committee determined that adjusted
pre-tax
income continues to be viewed as a core driver of the Company’s performance and stockholder value creation and, accordingly, was utilized as a component in the Company’s Annual Program and Growth Incentive Pool. Adjusted
pre-tax
Income represents Income Before Income Taxes as reported in the Company’s Annual Report, as adjusted to exclude the impact of certain items, including, where applicable: certain incentive compensation, Company-wide restructuring costs as offset by savings associated with those restructuring efforts, changes in U.S. GAAP, gain or loss on debt retirements, and adjustments to Pulte Financial Services reserves related to mortgage origination and other legacy mortgage exposures prior to 2012.
 
 
Reconciliation of Compensation Actually Paid Adjustments
 
Year
 
Summary
Compensation
Table Total
($)(a)
   
Minus
Grant Date
Fair Value
of Stock
Awards
Granted in
Fiscal Year
($)(b)
   
Plus
Fair Value At
Fiscal Year-End

of Outstanding
And Unvested
Stock Awards
Granted in
Fiscal Year
($)(c)
   
Plus/(Minus)
Change in
Fair Value of
Outstanding
And
Unvested
Stock
Awards
Granted in
Prior
Fiscal Years
($)(d)
   
Plus
Fair Value At
Vesting of
Stock
Awards
Granted in
Fiscal Year
That Vested
During
Fiscal Year
($)(e)
   
Plus/(Minus)
Change in
Fair Value as of
Vesting Date
of Stock
Awards
Granted in
Prior Years
For Which
Applicable
Vesting
Conditions
Were Satisfied
During
Fiscal Year
($)(f)
   
Minus
Fair Value as of
Prior Fiscal
Year-End of

Stock Awards
Granted in
Prior Fiscal
Years That
Failed to Meet
Applicable
Vesting
Conditions
During
Fiscal Year
($)(g)
   
Equals
Compensation
Actually Paid
($)
 
 
Ryan Marshall
 
                 
2022
 
 
14,484,024
 
 
 
8,605,099
 
 
 
6,699,396
 
 
 
(1,056,262
 
 
—  
 
 
 
(590,759
 
 
—  
 
 
 
10,931,300
 
                                                                 
                 
2021
 
 
16,149,555
 
 
 
7,000,001
 
 
 
8,978,946
 
 
 
2,330,059
 
 
 
—  
 
 
 
140,214
 
 
 
—  
 
 
 
20,598,773
 
                                                                 
                 
2020
 
 
13,157,584
 
 
 
6,000,038
 
 
 
7,035,981
 
 
 
1,069,563
 
 
 
—  
 
 
 
913,659
 
 
 
—  
 
 
 
16,176,749
 
 
Other Named Executive Officers (Average)(h)
 
                 
2022
 
 
4,404,050
 
 
 
1,864,740
 
 
 
1,679,345
 
 
 
(189,553
 
 
—  
 
 
 
(126,930
 
 
—  
 
 
 
3,902,172
 
                                                                 
                 
2021
 
 
5,000,888
 
 
 
1,162,523
 
 
 
1,491,175
 
 
 
440,962
 
 
 
—  
 
 
 
23,891
 
 
 
—  
 
 
 
5,794,393
 
                                                                 
                 
2020
 
 
3,572,954
 
 
 
995,030
 
 
 
1,046,661
 
 
 
(34,562
 
 
—  
 
 
 
88,339
 
 
 
—  
 
 
 
3,678,362
 
 
(a)
Represents Total Compensation as reported in the Summary Compensation Table for the indicated fiscal year. With respect to the other named executive officers, amounts shown represent averages.
 
(b)
Represents the grant date fair value of the stock awards granted during the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes.
 
(c)
Represents the fair value as of the indicated fiscal
year-end
of the outstanding and unvested stock awards granted during such fiscal year, computed in accordance with the methodology used for financial reporting purposes.
 
(d)
Represents the change in fair value during the indicated fiscal year of each stock award that was granted in a prior fiscal year and that remained outstanding and unvested as of the last day of the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes and, for awards subject to performance-based vesting conditions, based on the probable outcome of such performance-based vesting conditions as of the last day of the fiscal year.
 
(e)
Represents the fair value at vesting of the stock awards that were granted and vested during the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes.
 
(f)
Represents the change in fair value, measured from the prior fiscal
year-end
to the vesting date, of each stock award that was granted in a prior fiscal year and which vested during the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes.
 
(g)
Represents the fair value as of the last day of the prior fiscal year of the stock awards that were granted in a prior fiscal year and which failed to meet the applicable vesting conditions in the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes.
 
(h)
See footnote 1 above for the named executive officers included in the average for each year.
   
Company Selected Measure Name Adjusted pre-tax Income    
Named Executive Officers, Footnote [Text Block]
(1)
Mr. Marshall has served as the Principal Executive Officer (“PEO”) for the entirety of 2022, 2021 and 2020 and our other named executive officers for the applicable years were as follows:
 
 
 
2022: Robert T. O’Shaughnessy; John J. Chadwick; Todd N. Sheldon; and Michelle H. Hairston.
 
 
2021: Robert T. O’Shaughnessy; John J. Chadwick; Todd N. Sheldon; and Michelle H. Hairston.
 
 
2020: Robert T. O’Shaughnessy; John J. Chadwick; Todd N. Sheldon; Michelle H. Hairston; and Stephen P. Schlageter.
   
Peer Group Issuers, Footnote [Text Block]
(5)
The TSR Peer Group consists of the Dow Jones U.S. Select Home Construction Index, an independently prepared index that includes companies in the home construction industry.
   
Adjustment To PEO Compensation, Footnote [Text Block]
Reconciliation of Compensation Actually Paid Adjustments
 
Year
 
Summary
Compensation
Table Total
($)(a)
   
Minus
Grant Date
Fair Value
of Stock
Awards
Granted in
Fiscal Year
($)(b)
   
Plus
Fair Value At
Fiscal Year-End

of Outstanding
And Unvested
Stock Awards
Granted in
Fiscal Year
($)(c)
   
Plus/(Minus)
Change in
Fair Value of
Outstanding
And
Unvested
Stock
Awards
Granted in
Prior
Fiscal Years
($)(d)
   
Plus
Fair Value At
Vesting of
Stock
Awards
Granted in
Fiscal Year
That Vested
During
Fiscal Year
($)(e)
   
Plus/(Minus)
Change in
Fair Value as of
Vesting Date
of Stock
Awards
Granted in
Prior Years
For Which
Applicable
Vesting
Conditions
Were Satisfied
During
Fiscal Year
($)(f)
   
Minus
Fair Value as of
Prior Fiscal
Year-End of

Stock Awards
Granted in
Prior Fiscal
Years That
Failed to Meet
Applicable
Vesting
Conditions
During
Fiscal Year
($)(g)
   
Equals
Compensation
Actually Paid
($)
 
 
Ryan Marshall
 
                 
2022
 
 
14,484,024
 
 
 
8,605,099
 
 
 
6,699,396
 
 
 
(1,056,262
 
 
—  
 
 
 
(590,759
 
 
—  
 
 
 
10,931,300
 
                                                                 
                 
2021
 
 
16,149,555
 
 
 
7,000,001
 
 
 
8,978,946
 
 
 
2,330,059
 
 
 
—  
 
 
 
140,214
 
 
 
—  
 
 
 
20,598,773
 
                                                                 
                 
2020
 
 
13,157,584
 
 
 
6,000,038
 
 
 
7,035,981
 
 
 
1,069,563
 
 
 
—  
 
 
 
913,659
 
 
 
—  
 
 
 
16,176,749
 
 
Other Named Executive Officers (Average)(h)
 
                 
2022
 
 
4,404,050
 
 
 
1,864,740
 
 
 
1,679,345
 
 
 
(189,553
 
 
—  
 
 
 
(126,930
 
 
—  
 
 
 
3,902,172
 
                                                                 
                 
2021
 
 
5,000,888
 
 
 
1,162,523
 
 
 
1,491,175
 
 
 
440,962
 
 
 
—  
 
 
 
23,891
 
 
 
—  
 
 
 
5,794,393
 
                                                                 
                 
2020
 
 
3,572,954
 
 
 
995,030
 
 
 
1,046,661
 
 
 
(34,562
 
 
—  
 
 
 
88,339
 
 
 
—  
 
 
 
3,678,362
 
 
(a)
Represents Total Compensation as reported in the Summary Compensation Table for the indicated fiscal year. With respect to the other named executive officers, amounts shown represent averages.
 
(b)
Represents the grant date fair value of the stock awards granted during the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes.
 
(c)
Represents the fair value as of the indicated fiscal
year-end
of the outstanding and unvested stock awards granted during such fiscal year, computed in accordance with the methodology used for financial reporting purposes.
 
(d)
Represents the change in fair value during the indicated fiscal year of each stock award that was granted in a prior fiscal year and that remained outstanding and unvested as of the last day of the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes and, for awards subject to performance-based vesting conditions, based on the probable outcome of such performance-based vesting conditions as of the last day of the fiscal year.
 
(e)
Represents the fair value at vesting of the stock awards that were granted and vested during the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes.
 
(f)
Represents the change in fair value, measured from the prior fiscal
year-end
to the vesting date, of each stock award that was granted in a prior fiscal year and which vested during the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes.
 
(g)
Represents the fair value as of the last day of the prior fiscal year of the stock awards that were granted in a prior fiscal year and which failed to meet the applicable vesting conditions in the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes.
 
(h)
See footnote 1 above for the named executive officers included in the average for each year.
   
Non-PEO NEO Average Total Compensation Amount $ 4,404,050 $ 5,000,888 $ 3,572,954
Non-PEO NEO Average Compensation Actually Paid Amount $ 3,902,172 5,794,393 3,678,362
Adjustment to Non-PEO NEO Compensation Footnote [Text Block]
Reconciliation of Compensation Actually Paid Adjustments
 
Year
 
Summary
Compensation
Table Total
($)(a)
   
Minus
Grant Date
Fair Value
of Stock
Awards
Granted in
Fiscal Year
($)(b)
   
Plus
Fair Value At
Fiscal Year-End

of Outstanding
And Unvested
Stock Awards
Granted in
Fiscal Year
($)(c)
   
Plus/(Minus)
Change in
Fair Value of
Outstanding
And
Unvested
Stock
Awards
Granted in
Prior
Fiscal Years
($)(d)
   
Plus
Fair Value At
Vesting of
Stock
Awards
Granted in
Fiscal Year
That Vested
During
Fiscal Year
($)(e)
   
Plus/(Minus)
Change in
Fair Value as of
Vesting Date
of Stock
Awards
Granted in
Prior Years
For Which
Applicable
Vesting
Conditions
Were Satisfied
During
Fiscal Year
($)(f)
   
Minus
Fair Value as of
Prior Fiscal
Year-End of

Stock Awards
Granted in
Prior Fiscal
Years That
Failed to Meet
Applicable
Vesting
Conditions
During
Fiscal Year
($)(g)
   
Equals
Compensation
Actually Paid
($)
 
 
Ryan Marshall
 
                 
2022
 
 
14,484,024
 
 
 
8,605,099
 
 
 
6,699,396
 
 
 
(1,056,262
 
 
—  
 
 
 
(590,759
 
 
—  
 
 
 
10,931,300
 
                                                                 
                 
2021
 
 
16,149,555
 
 
 
7,000,001
 
 
 
8,978,946
 
 
 
2,330,059
 
 
 
—  
 
 
 
140,214
 
 
 
—  
 
 
 
20,598,773
 
                                                                 
                 
2020
 
 
13,157,584
 
 
 
6,000,038
 
 
 
7,035,981
 
 
 
1,069,563
 
 
 
—  
 
 
 
913,659
 
 
 
—  
 
 
 
16,176,749
 
 
Other Named Executive Officers (Average)(h)
 
                 
2022
 
 
4,404,050
 
 
 
1,864,740
 
 
 
1,679,345
 
 
 
(189,553
 
 
—  
 
 
 
(126,930
 
 
—  
 
 
 
3,902,172
 
                                                                 
                 
2021
 
 
5,000,888
 
 
 
1,162,523
 
 
 
1,491,175
 
 
 
440,962
 
 
 
—  
 
 
 
23,891
 
 
 
—  
 
 
 
5,794,393
 
                                                                 
                 
2020
 
 
3,572,954
 
 
 
995,030
 
 
 
1,046,661
 
 
 
(34,562
 
 
—  
 
 
 
88,339
 
 
 
—  
 
 
 
3,678,362
 
 
(a)
Represents Total Compensation as reported in the Summary Compensation Table for the indicated fiscal year. With respect to the other named executive officers, amounts shown represent averages.
 
(b)
Represents the grant date fair value of the stock awards granted during the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes.
 
(c)
Represents the fair value as of the indicated fiscal
year-end
of the outstanding and unvested stock awards granted during such fiscal year, computed in accordance with the methodology used for financial reporting purposes.
 
(d)
Represents the change in fair value during the indicated fiscal year of each stock award that was granted in a prior fiscal year and that remained outstanding and unvested as of the last day of the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes and, for awards subject to performance-based vesting conditions, based on the probable outcome of such performance-based vesting conditions as of the last day of the fiscal year.
 
(e)
Represents the fair value at vesting of the stock awards that were granted and vested during the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes.
 
(f)
Represents the change in fair value, measured from the prior fiscal
year-end
to the vesting date, of each stock award that was granted in a prior fiscal year and which vested during the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes.
 
(g)
Represents the fair value as of the last day of the prior fiscal year of the stock awards that were granted in a prior fiscal year and which failed to meet the applicable vesting conditions in the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes.
 
(h)
See footnote 1 above for the named executive officers included in the average for each year.
   
Compensation Actually Paid vs. Total Shareholder Return [Text Block]    
Compensation Actually Paid vs. Net Income [Text Block]    
Compensation Actually Paid vs. Company Selected Measure [Text Block]    
Total Shareholder Return Vs Peer Group [Text Block]    
Tabular List [Table Text Block]
The following is a list of financial performance measures, which in the Company’s assessment represent the most important financial performance measures used by the Company to link compensation actually paid to the named executive officers for 2022. Please see the “CD&A” for a further description of the metrics used in the Company’s executive compensation program.
 
 
Adjusted
Pre-Tax
Income
 
 
Operating Margin
 
 
Relative Total Shareholder Return
 
 
Return on Invested Capital
   
Total Shareholder Return Amount $ 121.98 151 112.65
Peer Group Total Shareholder Return Amount 140.9 190.2 126.99
Net Income (Loss) $ 2,617,317 $ 1,946,320 $ 1,406,839
Company Selected Measure Amount 3,638,086 2,768,070 1,909,230
PEO Name Mr. Marshall Mr. Marshall Mr. Marshall
Measure [Axis]: 1      
Pay vs Performance Disclosure [Table]      
Measure Name Adjusted Pre-Tax Income    
Non-GAAP Measure Description [Text Block]
(6)
As noted in the CD&A, for 2022, the Compensation Committee determined that adjusted
pre-tax
income continues to be viewed as a core driver of the Company’s performance and stockholder value creation and, accordingly, was utilized as a component in the Company’s Annual Program and Growth Incentive Pool. Adjusted
pre-tax
Income represents Income Before Income Taxes as reported in the Company’s Annual Report, as adjusted to exclude the impact of certain items, including, where applicable: certain incentive compensation, Company-wide restructuring costs as offset by savings associated with those restructuring efforts, changes in U.S. GAAP, gain or loss on debt retirements, and adjustments to Pulte Financial Services reserves related to mortgage origination and other legacy mortgage exposures prior to 2012.
   
Measure [Axis]: 2      
Pay vs Performance Disclosure [Table]      
Measure Name Operating Margin    
Measure [Axis]: 3      
Pay vs Performance Disclosure [Table]      
Measure Name Relative Total Shareholder Return    
Measure [Axis]: 4      
Pay vs Performance Disclosure [Table]      
Measure Name Return on Invested Capital    
Ryan Marshall [Member]      
Pay vs Performance Disclosure [Table]      
PEO Total Compensation Amount $ 14,484,024 $ 16,149,555 $ 13,157,584
PEO Actually Paid Compensation Amount 10,931,300 20,598,773 16,176,749
PEO [Member] | Ryan Marshall [Member] | Fair Value of Stock Awards Granted [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 8,605,099 7,000,001 6,000,038
PEO [Member] | Ryan Marshall [Member] | Fair Value at Fiscal Year End of Outstanding and Unvested Stock Awards Granted [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 6,699,396 8,978,946 7,035,981
PEO [Member] | Ryan Marshall [Member] | Fair Value of Outstanding and Unvested Stock Awards Granted in Prior [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (1,056,262) 2,330,059 1,069,563
PEO [Member] | Ryan Marshall [Member] | Fair Value at Vesting of Stock Awards Granted [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 0 0 0
PEO [Member] | Ryan Marshall [Member] | Change in Fair Value as of Vesting Date of Stock Awards Granted [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (590,759) 140,214 913,659
PEO [Member] | Ryan Marshall [Member] | Fair Value as of Prior Fiscal YearEnd of Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 0 0 0
Non-PEO NEO [Member] | Fair Value of Stock Awards Granted [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 1,864,740 1,162,523 995,030
Non-PEO NEO [Member] | Fair Value at Fiscal Year End of Outstanding and Unvested Stock Awards Granted [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 1,679,345 1,491,175 1,046,661
Non-PEO NEO [Member] | Fair Value of Outstanding and Unvested Stock Awards Granted in Prior [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (189,553) 440,962 (34,562)
Non-PEO NEO [Member] | Fair Value at Vesting of Stock Awards Granted [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 0 0 0
Non-PEO NEO [Member] | Change in Fair Value as of Vesting Date of Stock Awards Granted [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (126,930) 23,891 88,339
Non-PEO NEO [Member] | Fair Value as of Prior Fiscal YearEnd of Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ 0 $ 0 $ 0