KB Home: long-term incentive awards to named executive officers

What happened

• KB Home reported that on Oct 8, 2026 the management development and compensation committee of the board approved grants of long-term incentive awards consisting solely of performance-based restricted stock units (PSUs) under the Amended and Restated KB Home 2014 Equity Incentive Plan and the most recently filed form PSU award agreement.
• Each PSU entitles a recipient to receive between 0% and 200% of the recipient’s target Award Shares based on performance over the 3-year performance period commencing on Dec 1, 2026 and ending on Nov 30, 2029. The EPS measure will determine 40% of the payout, average adjusted return on invested capital will determine 35%, and relative revenue growth versus a peer group will determine 25%.

Key details

• Award Shares granted on Oct 8, 2026: Robert V. McGibney 135,227 PSUs; Jeffrey T. Mezger 112,689 PSUs; Brian J. Woram 21,411 PSUs.
• Payout range per PSU: 0% to 200% of target Award Shares based on three performance measures over the 3-year period (Dec 1, 2026–Nov 30, 2029).
• Each PSU recipient is also entitled to a cash payment equal to the ratio of the final shares issued to Award Shares multiplied by credited dividend equivalents equal to cash dividends paid per share with record dates between the grant date and the committee’s determination of performance.
• Vesting/forfeiture: a recipient generally forfeits rights on termination of service, except full vesting and cash payout will occur upon death, disability, or attaining at least 55 years of age and 15 consecutive years of service.

Why it may matter

• This 8-K reports Item 5.02 (Departure of Directors or Certain Officers; Election of Directors) and provides details of long-term incentive awards granted to named executive officers. The filing does not show why the company acted.