Document/ExhibitDescriptionPagesSize
1: 10-K 10-K - 2023 HTML 1.83M
2: EX-10.F EX-10.F - 2021 Rsu Award Agreement HTML 62K
3: EX-10.G EX-10.G - 2022 Rsu Award Agreement HTML 59K
4: EX-10.H EX-10.H - 2023 Rsu Award Agreement HTML 63K
5: EX-10.I EX-10.I - 2024 Rsu Award Agreement HTML 63K
6: EX-10.J EX-10.J - 2021 and 2022 Lti Award Agreement HTML 89K
7: EX-10.K EX-10.K - 2023 Lti Award Agreement HTML 82K
8: EX-10.L EX-10.L - 2024 Lti Award Agreement HTML 88K
9: EX-10.P EX-10.P - 2024 Amended Severance Policy HTML 65K
10: EX-10.Q EX-10.Q - 2021 Amended Retirement Policy HTML 38K
11: EX-10.R EX-10.R - 2024 Amended Retirement Policy HTML 38K
12: EX-10.S EX-10.S - 2024 Indemnification Agreement HTML 97K
13: EX-21 EX-21 - Subsidiary Listing HTML 36K
14: EX-22 EX-22 - List of Guarantor Subsidiaries HTML 36K
15: EX-23 EX-23 - Consent HTML 25K
16: EX-24 EX-24 - Power of Attorney HTML 30K
20: EX-97 EX-97 - Clawback Policy HTML 37K
17: EX-31.A EX-31.A - CEO Certification HTML 29K
18: EX-31.B EX-31.B - CFO Certification HTML 29K
19: EX-32 EX-32 - Certification HTML 27K
26: R1 Cover Page Document HTML 97K
27: R2 Audit Information HTML 30K
28: R3 Consolidated Balance Sheets HTML 111K
29: R4 Consolidated Balance Sheets (Parenthetical) HTML 45K
30: R5 Consolidated Statements Of Operations HTML 101K
31: R6 Consolidated Statements of Comprehensive Income HTML 50K
32: R7 Consolidated Statements Of Shareholders' Equity HTML 94K
33: R8 Consolidated Statements Of Cash Flows HTML 129K
34: R9 Summary of Significant Accounting Policies HTML 258K
35: R10 Inventory And Land Held For Sale HTML 70K
36: R11 Segment Information HTML 172K
37: R12 Investments In Unconsolidated Entities HTML 30K
38: R13 Debt HTML 53K
39: R14 Shareholders' Equity HTML 33K
40: R15 Stock Compensation Plans HTML 57K
41: R16 Income Taxes HTML 90K
42: R17 Fair Value Disclosures HTML 54K
43: R18 Other Assets and Accrued and Other Liabilities HTML 61K
44: R19 Commitments And Contingencies HTML 75K
45: R20 Summary of Significant Accounting Policies HTML 141K
(Policy)
46: R21 Summary of Significant Accounting Policies HTML 216K
(Tables)
47: R22 Inventory And Land Held For Sale (Tables) HTML 58K
48: R23 Segment Information (Tables) HTML 168K
49: R24 Debt (Tables) HTML 45K
50: R25 Stock Compensation Plans (Tables) HTML 56K
51: R26 Income Taxes (Tables) HTML 91K
52: R27 Fair Value Disclosures (Tables) HTML 47K
53: R28 Other Assets and Accrued and Other Liabilities HTML 61K
(Tables)
54: R29 Commitments And Contingencies (Tables) HTML 60K
55: R30 Summary of Significant Accounting Policies HTML 146K
(Narrative) (Details)
56: R31 Summary of Significant Accounting Policies (Other HTML 43K
Expense, Net) (Details)
57: R32 Summary of Significant Accounting Policies Summary HTML 55K
of Significant Accounting Policies (Earnings Per
Share) (Details)
58: R33 Summary of Significant Accounting Policies HTML 34K
(Schedule Of The Company's Interests In Land
Option Agreements) (Details)
59: R34 Summary of Significant Accounting Policies (Fair HTML 37K
Value Of the Company's Derivative Instruments)
(Details)
60: R35 Inventory And Land Held For Sale (Major Components HTML 36K
Of Inventory) (Details)
61: R36 Inventory And Land Held For Sale (Information HTML 32K
Related To Interest Capitalized Into Homebuilding
Inventory) (Details)
62: R37 Inventory And Land Held For Sale Inventory and HTML 33K
Land Held for Sale (Land-related Charges)
(Details)
63: R38 Segment Information Narrative (Details) HTML 42K
64: R39 Segment Information (Operating Data By Segment) HTML 79K
(Details)
65: R40 Segment Information (Land-Related Charges By HTML 44K
Segment) (Details)
66: R41 Segment Information (Depreciation and HTML 49K
Amortization) (Details)
67: R42 Segment Information (Total Assets And Inventory By HTML 84K
Reportable Segment) (Details)
68: R43 Investments In Unconsolidated Entities (Narrative) HTML 44K
(Details)
69: R44 Debt (Summary Of Company's Senior Notes) (Details) HTML 66K
70: R45 Debt (Narrative) (Details) HTML 91K
71: R46 Shareholders' Equity (Narrative) (Details) HTML 50K
72: R47 Stock Compensation Plans Narrative (Details) HTML 58K
73: R48 Stock Compensation Plans (Expense by plan type) HTML 40K
(Details)
74: R49 Stock Compensation Plans (Restricted Stock, RSUs HTML 49K
and Performance Shares Activity Rollforward)
(Details)
75: R50 Income Taxes Components of current and deferred HTML 48K
income tax expense (Benefit) (Details)
76: R51 Income Taxes Reconciliation of statutory federal HTML 41K
income tax rate to effective income tax rate
(Details)
77: R52 Income Taxes (Narrative) (Details) HTML 43K
78: R53 Income Taxes Net deferred tax asset (Liability) HTML 56K
(Details)
79: R54 Income Taxes Reconciliation of the change in HTML 37K
unrecognized tax benefits (Details)
80: R55 Fair Value Disclosures Fair Value Disclosures HTML 58K
(Details)
81: R56 Fair Value Disclosures Fair Value Disclosures HTML 31K
(Narrative) (Details) (Details)
82: R57 Other Assets and Accrued and Other Liabilities HTML 50K
(Other Assets) (Details)
83: R58 Other Assets and Accrued and Other Liabilities HTML 57K
(Other Liabilities) (Details)
84: R59 Commitments And Contingencies (Narrative) HTML 55K
(Details)
85: R60 Commitments And Contingencies (Changes To HTML 28K
Anticipated Loan Losses) (Details)
86: R61 Commitments And Contingencies (Changes To Warranty HTML 35K
Liability) (Details)
87: R62 Commitments And Contingencies (Changes in HTML 37K
Self-insurance Liability) (Details)
88: R63 Commitments and Contingencies Commitments And HTML 51K
Contingencies (Future minimum operating lease
payments) (Details)
90: XML IDEA XML File -- Filing Summary XML 147K
93: XML XBRL Instance -- phm-20231231_htm XML 1.97M
89: EXCEL IDEA Workbook of Financial Report Info XLSX 165K
22: EX-101.CAL XBRL Calculations -- phm-20231231_cal XML 216K
23: EX-101.DEF XBRL Definitions -- phm-20231231_def XML 679K
24: EX-101.LAB XBRL Labels -- phm-20231231_lab XML 1.64M
25: EX-101.PRE XBRL Presentations -- phm-20231231_pre XML 1.09M
21: EX-101.SCH XBRL Schema -- phm-20231231 XSD 152K
91: JSON XBRL Instance as JSON Data -- MetaLinks 515± 784K
92: ZIP XBRL Zipped Folder -- 0000822416-24-000010-xbrl Zip 917K
This PulteGroup, Inc. Amended Retirement Policy, as set forth herein (the “Policy”), sets forth administrative guidelines to be used by the Compensation and Management Development Committee of the Board of Directors (the “Compensation Committee”) of PulteGroup, Inc., a Michigan corporation (“PulteGroup”),
with respect to the treatment of outstanding equity-based1 awards and long-term incentive awards for employees of PulteGroup and its subsidiaries
(collectively, the “Company”) whose employment terminates pursuant to a Qualifying Retirement (as described herein).
1.Qualifying Retirement. For purposes of administering this Policy, a Qualifying Retirement means a termination of employment by the employee (i) on or after the attainment of age 60 and the completion of five consecutive years of service or (ii) on or after the attainment of age 55 and the completion of ten consecutive years of service; provided
that, the employee delivers his or her notice of retirement to the Company at least six months prior to the anticipated retirement date. This notice of retirement provision timing may be reduced to a time period shorter than six months at the discretion of PulteGroup’s Chief Executive Officer. The Compensation Committee will have the sole authority to reduce the time period in the event of a Qualifying Retirement of the PulteGroup Chief Executive Officer.
2.Treatment of Equity and Long-Term Incentive Awards Upon a Qualifying Retirement.
If an employee experiences a Qualifying Retirement and timely executes and does not revoke a Release, Non-Competition, Non-Solicitation
and Confidentiality Agreement (“Release”), in a form satisfactory to the Company which shall include a two-year non-competition and non- solicitation period, the vesting and exercise period with respect to the employee’s outstanding awards under PulteGroup’s stock incentive plans and long-term incentive programs may be
treated as follows (and, with respect to time-based restricted stock units (“RSUs”), to the extent set forth in the applicable award agreement):
(a)Stock Options. Any outstanding stock options held by an employee as of the date of his or her Qualifying Retirement shall be exercisable only
to the extent such stock options are exercisable as of such date or become exercisable pursuant to the terms of the underlying option award agreements and shall remain exercisable until the option expiration date.
(b)Time-Based Restricted Shares and Time-Based RSUs. The shares of PulteGroup common stock subject to an employee’s outstanding time-based restricted share and RSU awards that were not vested immediately prior to the employee’s Qualifying
Retirement shall continue to vest in accordance with the original vesting schedule set forth in the underlying award agreements, assuming that the employee had remained employed with the Company through each vesting date upon the employee’s Qualifying
Retirement (subject to the Release becoming irrevocable).
1 This Policy applies to all outstanding equity-based awards granted in 2024 or later; the Company will treat equity-based awards granted prior to 2024 pursuant to the PulteGroup, Inc. Amended Retirement Policy Effective May 12, 2021.
(c)Long-Term Incentive Plan Awards (Cash and Equity-Based Performance Awards). If an employee experiences a Qualifying Retirement after December 31st
of the year of grant, then subject to the Compensation Committee’s certification that the performance goals for such performance period have been achieved, the employee shall be entitled to any outstanding long-term incentive plan awards at the end of the applicable performance period(s) based on the actual performance during the performance period. For the avoidance of doubt, if the employee experiences a Qualifying Retirement on or before December 31st of the year in which the long-term incentive plan award was granted, then the employee shall not be eligible for the retirement vesting set forth in this section for such award and such award will be forfeited in its entirety. Notwithstanding anything herein to the contrary, the award shall be paid in accordance with the terms of the applicable award agreement, subject to any delay required by Section 409A of the Code.
(d)Cancellation
of Awards. Notwithstanding the preceding, this Section 2 shall not limit the right of the Company to cancel any awards in connection with a corporate
transaction pursuant to the terms of PulteGroup’s stock incentive plans.
3.Other Benefits. If an employee experiences a Qualifying Retirement and timely executes and does not revoke a Release, in a form satisfactory to the Company which shall include a two-year non-competition and non-solicitation period, the employee is also eligible for the employee’s annual bonus, based
on actual performance of the Company and prorated based on number of days employee was employed in the year of employee’s Qualifying Retirement. Payment under this section, if any, will be made as soon as is practical after the end of the year and no later than March 15 of the year following employee’s Qualifying Retirement.
4.Amendment or Termination of the Policy.
PulteGroup reserves the right to amend or terminate this Policy at any time in its sole discretion.
5.No Right to Employment or Benefits Described in this Policy.
Neither
the adoption of this Policy, nor any amendment hereof, nor the creation of any fund, trust or account, nor the payment of any benefits, shall be construed as giving any employee the right to be retained in the service of the Company, and all employees shall remain subject to discharge to the same extent as if this Policy had not been adopted.
This Policy is adopted to set forth certain administrative guidelines with respect to the treatment of equity awards following a Qualifying Retirement and, notwithstanding anything in this Policy to the contrary, the decision to apply this Policy to any particular award shall be determined by the Compensation Committee on a case-by-case basis and nothing in this Policy shall entitle any employee of the
Company to receive any of the benefits described herein, except to the extent such benefits are set forth in the underlying award agreement.
6.Compliance With Section 409A of the Code.
This Policy and the awards subject to this Policy are intended to be exempt from or comply with Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), and shall be interpreted and construed accordingly. To the extent an award agreement provides for the award to become vested and be settled upon the employee’s termination of employment, the applicable shares shall be transferred to the
employee or his or her beneficiary upon the employee’s “separation from service,” within the meaning of Section 409A of the Code. Notwithstanding any other
provision in this Policy or an
award agreement, to the extent any payments under an award agreement constitute nonqualified deferred compensation (within the meaning of Section 409A of the Code), then (A) each such payment which is conditioned upon the employee’s execution of the Release and which is to be paid or provided during a designated period that begins in one taxable year and ends in a second taxable year, shall be paid or provided in the later of the two taxable years, (B) if the employee is a specified employee (within the meaning of Section 409A of the Code) as of the date of the employee’s separation from service, each such payment that is payable upon the
employee’s
separation from service and would have been paid prior to the six-month
anniversary of the employee’s separation from service, shall be delayed until the earlier to occur of (i) the first day of the seventh month following the employee’s separation from service or (ii) the date of the employee’s death and (C) if the employee satisfies the age and service requirements for a Qualifying Retirement, then any shares that vest upon any other termination of employment under the award agreement (except for death) shall be settled pursuant to the same vesting terms that apply to a termination by reason of a Qualifying Retirement; provided, however, if a termination of employment occurs within two years following a Change in Control and the Change in Control is a “change in control event” within the meaning of Section 409A of the Code, then any shares deliverable pursuant to such termination shall be delivered in accordance with
the applicable sections of the award agreement that provide for such terminations to the extent permitted by Section 409A of the Code and subject to clauses (A) and (B) of this sentence.
Dates Referenced Herein and Documents Incorporated by Reference
