Mr. Edone has served since 2014, giving him full overlap with LGIH's severe 3-year stock decline of -59.3%, which trails the company's homebuilder peer group median of +69.3% by 128.6 percentage points — far exceeding the 20-point trigger for a company with negative absolute returns; the 5-year record (-71.0% vs peer median +55.7%, a gap of 126.7pp) provides no mitigating relief.

Mr. Lipar is the CEO and Chairman with tenure since 2013, making him directly accountable for LGIH's 3-year price return of -59.3%, which trails the homebuilder peer median by 128.6 percentage points — massively exceeding the 20-point trigger; the 5-year gap of 126.7pp confirms this is sustained underperformance, not a temporary trough, and warrants a vote against him as a director independent of the Say on Pay evaluation.

Ms. Parikh joined in December 2021, which is more than 24 months ago and means she was on the board for the entire 3-year underperformance period; LGIH's stock fell 59.3% over three years while the peer median rose 69.3%, a gap of 128.6 percentage points well above the 20-point trigger, and the 5-year mitigant is not available given her tenure length does not cover a full 5-year period of adequate prior performance.

Mr. Sansbury has served as Lead Independent Director since June 2013, giving him full accountability for the 3-year period in which LGIH's stock dropped 59.3% versus a peer median gain of 69.3% — a gap of 128.6 percentage points; the 5-year record shows an equally severe gap of 126.7pp, so no mitigating relief applies.

Ms. Sharpe joined in January 2022, more than 24 months ago, placing her within the full 3-year underperformance window during which LGIH's stock fell 59.3% against a peer median gain of 69.3%; the resulting gap of 128.6 percentage points far exceeds the 20-point trigger, and a full 5-year record of prior adequate performance is not available to serve as a mitigant.

Mr. Smith has served since June 2013 and is the uncle of CEO Eric Lipar, raising an independence concern even though the board has designated him independent; beyond the familial relationship flag, LGIH's 3-year stock decline of 59.3% versus a peer median gain of 69.3% (a 128.6pp gap) and the matching 5-year underperformance both trigger a vote against under the TSR policy.

Mr. Vahradian has served since June 2013, fully overlapping with the 3-year period in which LGIH's stock lost 59.3% while the homebuilder peer median gained 69.3%; the 128.6pp gap vastly exceeds the 20-point trigger, and the 5-year record (a 126.7pp gap) confirms sustained underperformance with no mitigating relief available.