Barratt Developments Management

Management criteria checks 3/4

Barratt Developments' CEO is David Thomas, appointed in Jul 2015, has a tenure of 8.75 years. total yearly compensation is £1.76M, comprised of 45.7% salary and 54.3% bonuses, including company stock and options. directly owns 0.14% of the company’s shares, worth €7.05M. The average tenure of the management team and the board of directors is 8 years and 2.7 years respectively.

Key information

David Thomas

Chief executive officer

UK£1.8m

Total compensation

CEO salary percentage	45.7%
CEO tenure	8.8yrs
CEO ownership	0.1%
Management average tenure	8yrs
Board average tenure	2.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has David Thomas's remuneration changed compared to Barratt Developments's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	UK£219m
Sep 30 2023	n/a	n/a	UK£374m
Jun 30 2023	UK£2m	UK£803k	UK£530m
Mar 31 2023	n/a	n/a	UK£537m
Dec 31 2022	n/a	n/a	UK£545m
Sep 30 2022	n/a	n/a	UK£530m
Jun 30 2022	UK£3m	UK£780k	UK£515m
Mar 31 2022	n/a	n/a	UK£589m
Dec 31 2021	n/a	n/a	UK£662m
Sep 30 2021	n/a	n/a	UK£661m
Jun 30 2021	UK£4m	UK£757k	UK£660m
Mar 31 2021	n/a	n/a	UK£533m
Dec 31 2020	n/a	n/a	UK£406m
Sep 30 2020	n/a	n/a	UK£403m
Jun 30 2020	UK£1m	UK£741k	UK£400m
Mar 31 2020	n/a	n/a	UK£576m
Dec 31 2019	n/a	n/a	UK£752m
Sep 30 2019	n/a	n/a	UK£746m
Jun 30 2019	UK£4m	UK£739k	UK£740m
Mar 31 2019	n/a	n/a	UK£735m
Dec 31 2018	n/a	n/a	UK£729m
Sep 30 2018	n/a	n/a	UK£700m
Jun 30 2018	UK£3m	UK£717k	UK£672m
Mar 31 2018	n/a	n/a	UK£651m
Dec 31 2017	n/a	n/a	UK£629m
Sep 30 2017	n/a	n/a	UK£623m
Jun 30 2017	UK£4m	UK£696k	UK£616m

Compensation vs Market: David's total compensation ($USD2.19M) is below average for companies of similar size in the German market ($USD3.56M).

Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.

CEO

David Thomas (60 yo)

8.8yrs

Tenure

UK£1,756,000

Compensation

Mr. David Fraser Thomas has been Group Chief Executive Officer of Barratt Developments plc since July 1, 2015 and served as a Chief Financial Officer from July 1, 2021 to December 6, 2021. Mr. Thomas serve...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
David Thomas	Group CEO & Executive Director	8.8yrs	UK£1.76m	0.14% £ 7.1m
Michael Scott	CFO & Executive Director	2.3yrs	UK£927.00k	0.0072% £ 369.9k
Steven Boyes	COO, Deputy CEO & Executive Director	11.8yrs	UK£1.42m	0.075% £ 3.9m
Michael Finn	Group Design & Technical Director	no data	no data	no data
Jenny Matthews	Interim Head of Investor Relations	5.6yrs	no data	no data
Sally Austin	Group HR Director	less than a year	no data	no data
Gary Ennis	Regional Managing Director of London & Southern	18.3yrs	no data	no data
Nicholas Richardson	Managing Director of Wilson Bowden Developments	25.3yrs	no data	no data
Mike Roberts	Regional Managing Director of Northern	14.3yrs	no data	no data
Derek Harris	Head of Public Relations	no data	no data	no data
Douglas McLeod	Regional Managing Director of Scotland	7.3yrs	no data	no data
Kerry Smith	Head of Internal Audit	5.1yrs	no data	no data

8.0yrs

Average Tenure

60yo

Average Age

Experienced Management: 3BA's management team is seasoned and experienced (8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
David Thomas	Group CEO & Executive Director	14.8yrs	UK£1.76m	0.14% £ 7.1m
Michael Scott	CFO & Executive Director	2.3yrs	UK£927.00k	0.0072% £ 369.9k
Steven Boyes	COO, Deputy CEO & Executive Director	22.8yrs	UK£1.42m	0.075% £ 3.9m
Nigel Webb	Independent Non-Executive Director	less than a year	no data	0.0013% £ 67.5k
Chris Weston	Independent Non-Executive Director	3.1yrs	UK£93.00k	no data
Katie Bickerstaffe	Independent Non-Executive Director	3.1yrs	UK£93.00k	0.00088% £ 45.3k
Caroline Silver	Non-Executive Chairman	less than a year	UK£7.00k	0.0010% £ 53.1k
Jasi Halai	Independent Non-Executive Director	1.3yrs	UK£40.00k	0.0013% £ 67.0k

2.7yrs

Average Tenure

59.5yo

Average Age

Experienced Board: 3BA's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.

Barratt Developments Management

Management criteria checks 3/4

Key information

Recent management updates

Barratt Developments plc, Annual General Meeting, Oct 16, 2024

Barratt Developments plc Appoints Claire Jarvis as Managing Director for David Wilson Homes North West Division

Barratt Developments plc Appoints Nigel Webb as an Independent Non-Executive Director, Audit, Nomination, and Remuneration Committees with Effect from 1 October 2023

High number of new directors

Barratt Developments plc Announces Changes to Board

Barratt Developments plc Announces Changes to Board and Committee Composition

Recent updates

Upcoming dividend of UK£0.044 per share

First half dividend of UK£0.044 announced

First half 2024 earnings released: EPS: UK£0.071 (vs UK£0.38 in 1H 2023)

Barratt Developments plc Announces Dividend Guidance for the Year 2024

Now 22% undervalued

Barratt Developments plc, Annual General Meeting, Oct 16, 2024

Barratt Developments plc Appoints Claire Jarvis as Managing Director for David Wilson Homes North West Division

Barratt Developments plc Declares Final Dividend

Barratt Developments plc Provides Sales Guidance for the Fiscal Year 2024

Upcoming dividend of UK£0.23 per share at 7.2% yield

Barratt Developments plc to Report Fiscal Year 2024 Results on Sep 04, 2024

Barratt Developments plc Appoints Nigel Webb as an Independent Non-Executive Director, Audit, Nomination, and Remuneration Committees with Effect from 1 October 2023

Full year 2023 earnings released: EPS: UK£0.53 (vs UK£0.51 in FY 2022)

High number of new directors

Citra Living Properties (No. 1) Limited agreed to acquire Portfolio of 604 homes of Barratt Developments for approximately £168 million.

Barratt Developments plc Announces Changes to Board

Upcoming dividend of UK£0.10 per share at 7.8% yield

First half 2023 earnings released: EPS: UK£0.38 (vs UK£0.34 in 1H 2022)

Barratt Developments plc Declares Interim Dividend, Payable on 18 May 2023

Barratt Developments plc Announces Changes to Board and Committee Composition

Barratt Developments plc Appoints Jasi Halai as Director, Effective from 1 January 2023

Barratt Developments plc, Annual General Meeting, Oct 18, 2023

Barratt Developments plc Appoints Jasi Halai to Board

Investor sentiment improved over the past week

Barratt Developments plc Approves Final Dividend

Investor sentiment deteriorated over the past week

Independent Non-Executive Chairman recently bought €56k worth of stock

Upcoming dividend of UK£0.26 per share

Barratt Developments plc to Report Fiscal Year 2023 Results on Sep 06, 2023

Full year 2022 earnings released: EPS: UK£0.51 (vs UK£0.65 in FY 2021)

Barratt Developments plc (LSE:BDEV) announces an Equity Buyback for £200 million worth of its shares.

Barratt Developments plc, Annual General Meeting, Oct 17, 2022

Upcoming dividend of UK£0.11 per share

First half 2022 earnings: EPS in line with expectations, revenues disappoint

Barratt Developments plc Revises Sales Guidance for the Year 2022

CFO & Executive Director recently bought €58k worth of stock

Upcoming dividend of UK£0.22 per share

Full year 2021 earnings released: EPS UK£0.65 (vs UK£0.39 in FY 2020)

Senior Independent Director has left the company

Barratt Developments PLC Announces Interim Dividend, Payable on May 10, 2021

Upcoming dividend of UK£0.075 per share

Barratt Developments plc Announces Resignation of Jessica White as Chief Financial Officer

New 90-day high: €8.10

Revenue beats expectations

New 90-day high: €8.00

First half 2021 earnings released: EPS UK£0.34 (vs UK£0.34 in 1H 2020)

New 90-day high: €7.85

New 90-day high: €7.59

New 90-day high: €7.50

New 90-day high: €6.78

Market bids up stock over the past week

Barratt Developments plc to Report Fiscal Year 2021 Results on Sep 02, 2021

Barratt Developments PLC Announces Directorate Appointments, Effective March 1, 2021

Full year earnings released - EPS €0.39

New 90-day low - €5.39

Full year earnings released - EPS €0.39

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age