Landsea Homes Management

Management criteria checks 2/4

Landsea Homes' CEO is John Ho, appointed in Aug 2013, has a tenure of 10.67 years. total yearly compensation is $2.51M, comprised of 31.8% salary and 68.2% bonuses, including company stock and options. directly owns 1.1% of the company’s shares, worth €4.30M. The average tenure of the management team and the board of directors is 1.3 years and 8.3 years respectively.

Key information

John Ho

Chief executive officer

US$2.5m

Total compensation

CEO salary percentage	31.8%
CEO tenure	10.7yrs
CEO ownership	1.1%
Management average tenure	1.3yrs
Board average tenure	8.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has John Ho's remuneration changed compared to Landsea Homes's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$3m	US$800k	US$29m
Sep 30 2023	n/a	n/a	US$42m
Jun 30 2023	n/a	n/a	US$53m
Mar 31 2023	n/a	n/a	US$62m
Dec 31 2022	US$6m	US$750k	US$72m
Sep 30 2022	n/a	n/a	US$84m
Jun 30 2022	n/a	n/a	US$75m
Mar 31 2022	n/a	n/a	US$71m
Dec 31 2021	US$7m	US$607k	US$52m
Sep 30 2021	n/a	n/a	US$25m
Jun 30 2021	n/a	n/a	US$17m
Mar 31 2021	n/a	n/a	-US$13m
Dec 31 2020	US$1m	US$550k	-US$9m
Sep 30 2020	n/a	n/a	-US$7m
Dec 31 2019	US$1m	US$392k	US$17m

Compensation vs Market: John's total compensation ($USD2.51M) is above average for companies of similar size in the German market ($USD1.04M).

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

CEO

John Ho (41 yo)

10.7yrs

Tenure

US$2,512,652

Compensation

Mr. John Ho serves as Chief Executive Officer and Director of Landsea Homes Corporation since August 2013 and also served as its Interim Chief Financial Officer from January 2019 until December 07, 2021. H...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
John Ho	CEO & Director	10.7yrs	US$2.51m	1.1% $ 4.3m
Michael Forsum	President & COO	7.7yrs	US$2.51m	0.98% $ 3.8m
Christopher Porter	Chief Financial Officer	no data	US$1.31m	0.17% $ 644.8k
Dilliana Stewart	Chief Accounting Officer & Senior Vice President of Accounting	1.8yrs	no data	no data
C. Rentzel	General Counsel	less than a year	no data	0.0029% $ 11.1k
Jeff Wochner	President of the New Central Florida Division	1.8yrs	no data	no data
Heather Cammiso	President for the Arizona Division	1.3yrs	no data	no data
Vince Ruffino	President of Texas	1.3yrs	no data	no data
Melissa Kelly	President of Dallas-Fort Worth Division	no data	no data	no data
Rollie Gonzalez	Vice President of Finance – Controller	no data	no data	no data

1.3yrs

Average Tenure

57yo

Average Age

Experienced Management: 8HJ's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
John Ho	CEO & Director	10.7yrs	US$2.51m	1.1% $ 4.3m
Thomas Hartfield	Independent Director	7.3yrs	US$312.44k	0.13% $ 511.1k
Elias Farhat	Independent Director	4.3yrs	US$291.44k	0.85% $ 3.3m
Ming Tian	Chairman	3.3yrs	US$200.00k	0.083% $ 322.9k
Bruce Frank	Lead Independent Director	9.3yrs	US$345.44k	0.11% $ 418.5k
Qin Zhou	Director	11.3yrs	US$317.77k	0.13% $ 503.8k
Mollie Fadule	Independent Director	2.3yrs	US$296.44k	0.072% $ 280.1k
Robert Miller	Independent Director	10.3yrs	US$134.43k	0.10% $ 400.0k

8.3yrs

Average Tenure

57yo

Average Age

Experienced Board: 8HJ's board of directors are considered experienced (8.3 years average tenure).

Landsea Homes Management

Management criteria checks 2/4

Key information

Recent management updates

Landsea Homes Corporation, Annual General Meeting, Jun 05, 2024

Insufficient new directors

Insufficient new directors

Independent Director recently sold €388k worth of stock

Independent Director recently sold €215k worth of stock

Landsea Homes Corporation Names Vince Ruffino as New Division President in Texas

Recent updates

Landsea Homes Corporation, Annual General Meeting, Jun 05, 2024

Insufficient new directors

Landsea Homes Corporation Closes on 28 Homesites in Longmont, Colorado

Landsea Homes Corporation Launches 'Landsea Elements' Exclusive Financial Services for Homebuyers

Landsea Homes Corporation to Report Q1, 2024 Results on May 01, 2024

Landsea Homes Corporation Launches High Performance Home Program in Colorado and Celebrates Grand Openings for Two New Communities

New minor risk - Share price stability

Landsea Homes Corporation (NasdaqCM:LSEA) completed the acquisition of Antares Homes, Ltd from a family for $242.5 million.

Investor sentiment improves as stock rises 16%

Landsea Homes Corporation Begins Development on New Community in Kyle, Texas

Landsea Homes Corporation has filed a Follow-on Equity Offering.

Full year 2023 earnings released: EPS: US$0.75 (vs US$1.71 in FY 2022)

Landsea Homes Corporation Provides Sales and Production Guidance for the First Quarter and Full Year of 2024

Landsea Homes Corporation to Report Q4, 2023 Results on Feb 29, 2024

Insufficient new directors

Landsea Homes Corporation (NasdaqCM:LSEA) agreed to acquire Antares Homes, Ltd for $232.2 million.

Independent Director recently sold €388k worth of stock

Third quarter 2023 earnings released: EPS: US$0.22 (vs US$0.49 in 3Q 2022)

Landsea Homes Corporation (NasdaqCM:LSEA) acquired Assets and Lot Inventory of Richfield Homes LLC.

Landsea Homes Corporation to Report Q3, 2023 Results on Nov 02, 2023

Landsea Homes Corporation has completed a Follow-on Equity Offering in the amount of $41.023847 million.

Investor sentiment deteriorates as stock falls 17%

Landsea Homes Corporation has completed a Follow-on Equity Offering in the amount of $41.023847 million.

Independent Director recently sold €215k worth of stock

Investor sentiment improves as stock rises 20%

Landsea Homes Corporation Provides Sales and Production Guidance for the Third Quarter and Full Year of 2023

New minor risk - Profit margin trend

Second quarter 2023 earnings released: EPS: US$0.12 (vs US$0.34 in 2Q 2022)

Landsea Homes Corporation to Report Q2, 2023 Results on Aug 01, 2023

Landsea Homes Corporation to Report Q2, 2023 Results on Aug 01, 2023

Investor sentiment improves as stock rises 17%

Landsea Homes Corporation Provides Smart Home Activation Service and Assistance for Homeowners to Make the Most of Their Connected Home Program

Landsea Homes Corporation has completed a Follow-on Equity Offering in the amount of $22.173915 million.

Landsea Homes Corporation has completed a Follow-on Equity Offering in the amount of $22.173915 million.

Landsea Homes Corporation Provides Sales and Production Guidance for the Second Quarter and Full Year of 2023

First quarter 2023 earnings released: EPS: US$0.08 (vs US$0.28 in 1Q 2022)

Full year 2022 earnings released: EPS: US$1.71 (vs US$1.14 in FY 2021)

Landsea Homes Launches 'Landsea Title'

Landsea Homes Closes on 65 Homesites and Breaks Ground on 681 New Homes in Goodyear, Arizona

Landsea Homes Corporation to Report Q4, 2022 Results on Mar 07, 2023

Landsea Homes Corporation Names Vince Ruffino as New Division President in Texas

Landsea Homes Corporation Announces Executive Changes

Third quarter 2022 earnings released: EPS: US$0.49 (vs US$0.23 in 3Q 2021)

Landsea Homes Corporation to Report Q3, 2022 Results on Nov 03, 2022

CEO & Director recently bought €199k worth of stock

Now 21% undervalued after recent price drop

Second quarter 2022 earnings released: EPS: US$0.34 (vs US$0.23 in 2Q 2021)

Landsea Homes Corporation Provides Sales and Production Guidance for the Third Quarter and Full Year of 2022

Landsea Homes Corporation's Community Avora by Landsea Homes Sells Out

Landsea Homes Names Jeff Wochner as Central Florida Division President

Landsea Homes Corporation to Report Q2, 2022 Results on Aug 04, 2022

Landsea Homes Corporation Launches 'High Performance Home' Program in Florida

Landsea Homes Corporation Announces Launch of Landsea Mortgage

Landsea Homes Corporation Announces Executive Changes

Landsea Homes Corporation announced that it has received $1.5012 million in funding from Blackrock Financial Management, Inc

Landsea Homes Corporation (NasdaqCM:LSEA) announces an Equity Buyback for 4,398,826 shares, for $30 million.

Landsea Homes Closes on 149 Homesites for New Community in Sanford, Florida

First quarter 2022 earnings released: EPS: US$0.29 (vs US$0.16 loss in 1Q 2021)

Landsea Homes Corporation Provides Sales and Production Guidance for the Second Quarter and Full Year of 2022

Landsea Homes Corporation Announces Tim T. Chang and Scott A. Reed Are Not Standing for Re-Election

High number of new directors

Landsea Homes Corporation to Report Q1, 2022 Results on May 03, 2022

Director recently bought €162k worth of stock

Investor sentiment improved over the past week

Chief Financial Officer recently bought €267k worth of stock

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

Landsea Homes Corporation to Report Q4, 2021 Results on Mar 10, 2022

Landsea Homes Corporation (NasdaqCM:LSEA) announces an Equity Buyback for $10 million worth of its shares.

Landsea Homes Corporation (NasdaqCM:LSEA) acquired Hanover Family Builders from Matt Orosz, Steve Orosz, Andrew Orosz and Colby Franks for approximately $180 million.