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[8-K] KB HOME Reports Material Event

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KB Home approved long-term incentive awards for its named executive officers, granting performance-based restricted stock units (PSUs) under its Amended and Restated 2014 Equity Incentive Plan.

Each PSU can pay out between 0% and 200% of Award Shares based on a three-year performance period from December 1, 2025 to November 30, 2028. Results hinge on three measures: cumulative adjusted earnings per share (40%), average adjusted return on invested capital (35%), and revenue growth relative to a peer group (25%). Recipients also receive cash equal to the final shares issued relative to Award Shares multiplied by credited dividend equivalents for dividends with record dates between grant and performance determination.

Awards granted on October 9, 2025 (Award Shares): Jeffrey T. Mezger 125,022; Robert V. McGibney 60,774; Albert Z. Praw 16,496; Brian J. Woram 16,496. Unvested PSUs generally forfeit upon termination, except for death, disability, or age 55 with 15 consecutive years of service.

KB Home ha approvato premi di incentivazione a lungo termine per i propri dirigenti nominati, concedendo unità azionarie vincolate basate sulle prestazioni (PSU) ai sensi del suo Amended and Restated 2014 Equity Incentive Plan.

Ogni PSU può pagarsi tra il 0% e il 200% delle Award Shares basato su un periodo di performance di tre anni dal 1 dicembre 2025 al 30 novembre 2028. I risultati dipendono da tre misure: utile per azione rettificato cumulativo (40%), rendimento medio rettificato sul capitale investito (35%), e crescita dei ricavi rispetto a un gruppo di pari (25%). I beneficiari ricevono anche una somma in contanti pari alle azioni finali emesse relative alle Award Shares moltiplicate per i dividendi accreditati per i dividendi con date di registrazione tra la concessione e la determinazione delle performance.

Premi concessi il 9 ottobre 2025 (Award Shares): Jeffrey T. Mezger 125.022; Robert V. McGibney 60.774; Albert Z. Praw 16.496; Brian J. Woram 16.496. Le PSU non vestono generalmente in caso di cessazione, salvo per morte, invalidità, o età pari a 55 anni con 15 anni consecutivi di servizio.

KB Home aprobó premios de incentivo a largo plazo para sus ejecutivos nombrados, otorgando unidades restringidas de acciones basadas en rendimiento (PSU) conforme a su Amended and Restated 2014 Equity Incentive Plan.

Cada PSU puede pagar entre 0% y 200% de las Award Shares basadas en un periodo de desempeño de tres años desde el 1 de diciembre de 2025 hasta el 30 de noviembre de 2028. Los resultados dependen de tres medidas: utilidad por acción ajustada acumulativa (40%), rendimiento medio ajustado sobre el capital invertido (35%), y crecimiento de ingresos relativo a un grupo de pares (25%). Los beneficiarios también recibirán efectivo equivalente a las acciones finales emitidas relativas a las Award Shares multiplicadas por los dividendos creditados por dividendos con fechas de registro entre la concesión y la determinación del rendimiento.

Premios otorgados el 9 de octubre de 2025 (Award Shares): Jeffrey T. Mezger 125.022; Robert V. McGibney 60.774; Albert Z. Praw 16.496; Brian J. Woram 16.496. Los PSUs no se consolidan por lo general tras terminación, excepto por muerte, invalidez, o edad 55 con 15 años consecutivos de servicio.

KB Home은 명시된 임원들에게 장기 인센티브를 승인하고 성과 기반의 주식 보상 단위(PSU)를 2014년 개정 및 재정의 주식 인센티브 계획에 따라 부여했습니다.

각 PSU는 3년의 성과 기간(2025년 12월 1일~2028년 11월 30일) 동안 Award Shares의 0%에서 200%까지 지급될 수 있습니다. 결과는 세 가지 지표에 따라 결정됩니다: 누적 조정 주당순이익(40%), 투자 자본에 대한 평균 조정 수익률(35%), 동종업계 대비 매출 성장(25%). 수혜자들은 또한 부여 시점과 성과 결정 사이에 기록된 배당금에 대해 크레딧된 배당금 등가액을 Award Shares에 대해 곱한 금액의 현금을 받습니다.

2025년 10월 9일 부여(Award Shares): Jeffrey T. Mezger 125.022; Robert V. McGibney 60.774; Albert Z. Praw 16.496; Brian J. Woram 16.496. 일반적으로 근무 종료 시 PSUs는 상실되며, 사망, 장애, 또는 15년 연속 근무로 55세에 해당하는 경우를 제외합니다.

KB Home a approuvé des récompenses incitatives à long terme pour ses dirigeants nommés, en octroyant des unités d’actions restreintes basées sur la performance (PSU) conformément à son plan Amended and Restated 2014 Equity Incentive Plan.

Chaque PSU peut verser entre 0% et 200% des Award Shares sur la base d’une période de performance de trois ans du 1er décembre 2025 au 30 novembre 2028. Les résultats dépendent de trois mesures: bénéfice par action ajusté cumulatif (40%), rendement moyen ajusté sur le capital investi (35%), et croissance du chiffre d’affaires par rapport à un groupe de référence (25%). Les bénéficiaires reçoivent également une somme en espèces égale au nombre final d’actions émises relatif aux Award Shares multiplié par les équivalents en dividendes crédités pour les dividendes ayant des dates d’enregistrement entre la concession et la détermination de la performance.

Récompenses accordées le 9 octobre 2025 (Award Shares): Jeffrey T. Mezger 125 022; Robert V. McGibney 60 774; Albert Z. Praw 16 496; Brian J. Woram 16 496. Les PSU non acquises en cas de résiliation, généralement, sauf en cas de décès, d’invalidité, ou d’âge de 55 ans avec 15 années de service consécutives.

KB Home hat langfristige Anreizprämien für seine benannten Führungskräfte genehmigt und leistungsbasierte eingeschränkte Aktieneinheiten (PSUs) gemäß dem überarbeiteten 2014 Equity Incentive Plan gewährt.

Jede PSU kann zwischen 0% und 200% der Award Shares basierend auf einem dreijährigen Leistungszeitraum vom 1. Dezember 2025 bis zum 30. November 2028 ausbezahlen. Die Ergebnisse hängen von drei Größen ab: kumulierte bereinigte Earnings per Share (40%), durchschnittliche bereinigte Rendite auf investiertes Kapital (35%), und Umsatzwachstum im Vergleich zu einer Peer-Gruppe (25%). Die Empfänger erhalten außerdem Bargeld in Höhe der finalen Aktien, die im Verhältnis zu den Award Shares ausgegeben wurden, multipliziert mit den gutgeschriebenen Dividendenäquivalenten für Dividenden mit Registrierungsterminen zwischen Gewährung und Leistungsbestimmung.

Zuweisungen am 9. Oktober 2025 (Award Shares): Jeffrey T. Mezger 125.022; Robert V. McGibney 60.774; Albert Z. Praw 16.496; Brian J. Woram 16.496. Unvervestete PSUs verfallen in der Regel bei Beendigung, außer im Falle von Tod, Behinderung oder Alter von 55 Jahren mit 15 aufeinanderfolgenden Dienstjahren.

KB Home اعتمدت حوافز طويلة الأجل لمديريها المعيّنين، ومنحت وحدات أسهم مقيدة قائمة على الأداء (PSUs) بموجب خطة الحوافز Equity 2014 المعدلة والمعاد صياغتها.

يمكن أن تدفع كل PSU بين 0% و200% من Award Shares اعتماداً على فترة أداء مدتها ثلاث سنوات من 1 ديسمبر 2025 حتى 30 نوفمبر 2028. تعتمد النتائج على ثلاثة مقاييس: الربح المخفض للسهم المعدل التراكمي (40%)، العائد على رأس المال المستثمر المعدل المتوسط (35%)، ونمو الإيرادات مقارنةً بمجموعة نظائر (25%). يتلقى المستفيدون أيضاً نقوداً تساوي الأسهم النهائية المصدرة بالنسبة لـ Award Shares مضروبة في مكافئات الأرباح الموزعة المعتمَدة للأرباح التي لها تواريخ تسجيل بين المنحة وتحديد الأداء.

الممنوحون في 9 أكتوبر 2025 (Award Shares): Jeffrey T. Mezger 125.022; Robert V. McGibney 60.774; Albert Z. Praw 16.496; Brian J. Woram 16.496. عادةً لا vest PSUs عند الفصل، باستثناء الوفاة أو العجز أو بلوغ السن 55 مع 15 عاماً من الخدمة المتواصلة.

KB Home 已批准对其命名执行官的长期激励奖,依据其经修订并重新表述的2014股权激励计划授予基于绩效的受限股票单位(PSU)。

每个 PSU 可以在一个为期三年的绩效期内从 2025 年 12 月 1 日至 2028 年 11 月 30 日,支付 0% 至 200% 的 Award Shares。结果取决于三项指标:累计调整每股收益(40%),调整后投资资本回报率的平均值(35%),以及相对于同行组的收入增长(25%)。受益人还将获得等同于最终发行的股票数量乘以在授予与绩效确定之间的记录日期的股息等值的现金。

2025年10月9日授予(Award Shares):Jeffrey T. Mezger 125.022;Robert V. McGibney 60.774;Albert Z. Praw 16.496;Brian J. Woram 16.496。除死亡、残疾或达到55岁且连续服务15年的情况外,未 vest 的 PSU 通常在终止时没收。

Positive
  • None.
Negative
  • None.

KB Home ha approvato premi di incentivazione a lungo termine per i propri dirigenti nominati, concedendo unità azionarie vincolate basate sulle prestazioni (PSU) ai sensi del suo Amended and Restated 2014 Equity Incentive Plan.

Ogni PSU può pagarsi tra il 0% e il 200% delle Award Shares basato su un periodo di performance di tre anni dal 1 dicembre 2025 al 30 novembre 2028. I risultati dipendono da tre misure: utile per azione rettificato cumulativo (40%), rendimento medio rettificato sul capitale investito (35%), e crescita dei ricavi rispetto a un gruppo di pari (25%). I beneficiari ricevono anche una somma in contanti pari alle azioni finali emesse relative alle Award Shares moltiplicate per i dividendi accreditati per i dividendi con date di registrazione tra la concessione e la determinazione delle performance.

Premi concessi il 9 ottobre 2025 (Award Shares): Jeffrey T. Mezger 125.022; Robert V. McGibney 60.774; Albert Z. Praw 16.496; Brian J. Woram 16.496. Le PSU non vestono generalmente in caso di cessazione, salvo per morte, invalidità, o età pari a 55 anni con 15 anni consecutivi di servizio.

KB Home aprobó premios de incentivo a largo plazo para sus ejecutivos nombrados, otorgando unidades restringidas de acciones basadas en rendimiento (PSU) conforme a su Amended and Restated 2014 Equity Incentive Plan.

Cada PSU puede pagar entre 0% y 200% de las Award Shares basadas en un periodo de desempeño de tres años desde el 1 de diciembre de 2025 hasta el 30 de noviembre de 2028. Los resultados dependen de tres medidas: utilidad por acción ajustada acumulativa (40%), rendimiento medio ajustado sobre el capital invertido (35%), y crecimiento de ingresos relativo a un grupo de pares (25%). Los beneficiarios también recibirán efectivo equivalente a las acciones finales emitidas relativas a las Award Shares multiplicadas por los dividendos creditados por dividendos con fechas de registro entre la concesión y la determinación del rendimiento.

Premios otorgados el 9 de octubre de 2025 (Award Shares): Jeffrey T. Mezger 125.022; Robert V. McGibney 60.774; Albert Z. Praw 16.496; Brian J. Woram 16.496. Los PSUs no se consolidan por lo general tras terminación, excepto por muerte, invalidez, o edad 55 con 15 años consecutivos de servicio.

KB Home은 명시된 임원들에게 장기 인센티브를 승인하고 성과 기반의 주식 보상 단위(PSU)를 2014년 개정 및 재정의 주식 인센티브 계획에 따라 부여했습니다.

각 PSU는 3년의 성과 기간(2025년 12월 1일~2028년 11월 30일) 동안 Award Shares의 0%에서 200%까지 지급될 수 있습니다. 결과는 세 가지 지표에 따라 결정됩니다: 누적 조정 주당순이익(40%), 투자 자본에 대한 평균 조정 수익률(35%), 동종업계 대비 매출 성장(25%). 수혜자들은 또한 부여 시점과 성과 결정 사이에 기록된 배당금에 대해 크레딧된 배당금 등가액을 Award Shares에 대해 곱한 금액의 현금을 받습니다.

2025년 10월 9일 부여(Award Shares): Jeffrey T. Mezger 125.022; Robert V. McGibney 60.774; Albert Z. Praw 16.496; Brian J. Woram 16.496. 일반적으로 근무 종료 시 PSUs는 상실되며, 사망, 장애, 또는 15년 연속 근무로 55세에 해당하는 경우를 제외합니다.

KB Home a approuvé des récompenses incitatives à long terme pour ses dirigeants nommés, en octroyant des unités d’actions restreintes basées sur la performance (PSU) conformément à son plan Amended and Restated 2014 Equity Incentive Plan.

Chaque PSU peut verser entre 0% et 200% des Award Shares sur la base d’une période de performance de trois ans du 1er décembre 2025 au 30 novembre 2028. Les résultats dépendent de trois mesures: bénéfice par action ajusté cumulatif (40%), rendement moyen ajusté sur le capital investi (35%), et croissance du chiffre d’affaires par rapport à un groupe de référence (25%). Les bénéficiaires reçoivent également une somme en espèces égale au nombre final d’actions émises relatif aux Award Shares multiplié par les équivalents en dividendes crédités pour les dividendes ayant des dates d’enregistrement entre la concession et la détermination de la performance.

Récompenses accordées le 9 octobre 2025 (Award Shares): Jeffrey T. Mezger 125 022; Robert V. McGibney 60 774; Albert Z. Praw 16 496; Brian J. Woram 16 496. Les PSU non acquises en cas de résiliation, généralement, sauf en cas de décès, d’invalidité, ou d’âge de 55 ans avec 15 années de service consécutives.

KB Home hat langfristige Anreizprämien für seine benannten Führungskräfte genehmigt und leistungsbasierte eingeschränkte Aktieneinheiten (PSUs) gemäß dem überarbeiteten 2014 Equity Incentive Plan gewährt.

Jede PSU kann zwischen 0% und 200% der Award Shares basierend auf einem dreijährigen Leistungszeitraum vom 1. Dezember 2025 bis zum 30. November 2028 ausbezahlen. Die Ergebnisse hängen von drei Größen ab: kumulierte bereinigte Earnings per Share (40%), durchschnittliche bereinigte Rendite auf investiertes Kapital (35%), und Umsatzwachstum im Vergleich zu einer Peer-Gruppe (25%). Die Empfänger erhalten außerdem Bargeld in Höhe der finalen Aktien, die im Verhältnis zu den Award Shares ausgegeben wurden, multipliziert mit den gutgeschriebenen Dividendenäquivalenten für Dividenden mit Registrierungsterminen zwischen Gewährung und Leistungsbestimmung.

Zuweisungen am 9. Oktober 2025 (Award Shares): Jeffrey T. Mezger 125.022; Robert V. McGibney 60.774; Albert Z. Praw 16.496; Brian J. Woram 16.496. Unvervestete PSUs verfallen in der Regel bei Beendigung, außer im Falle von Tod, Behinderung oder Alter von 55 Jahren mit 15 aufeinanderfolgenden Dienstjahren.

0000795266false00007952662025-10-092025-10-09

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K 
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report: October 9, 2025
(Date of earliest event reported) 
KB HOME
(Exact name of registrant as specified in its charter)
Delaware1-919595-3666267
(State or other jurisdiction of incorporation)(Commission File Number)(IRS Employer Identification No.)
10990 Wilshire Boulevard
Los Angeles, California 90024
(Address of principal executive offices) (Zip Code) 
Registrant’s telephone number, including area code: (310231-4000
Not Applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange
on which registered
Common Stock (par value $1.00 per share)
KBH
New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.



Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(e) Long-Term Incentive Awards. On October 9, 2025, the management development and compensation committee of the board of directors of KB Home approved grants of long-term incentive awards to KB Home’s named executive officers listed below under the terms of the Amended and Restated KB Home 2014 Equity Incentive Plan and the most recently filed form performance-based restricted stock unit (“PSU”) award agreement.

The awards to the named executive officers consisted solely of PSUs corresponding to a target award amount of shares of KB Home common stock (“Award Shares”) for each recipient. Each PSU entitles a recipient to receive between 0% to 200% of the recipient’s Award Shares based on KB Home’s achieving over the three-year performance period commencing on December 1, 2025 and ending on November 30, 2028 specified levels of (a) cumulative adjusted earnings per share; (b) average adjusted return on invested capital; and (c) revenue growth performance relative to a peer group of high-production public homebuilding companies. The earnings per share performance measure will determine 40%, the average return on invested capital performance measure will determine 35%, and the relative revenue growth performance measure will determine 25%, of the final number of shares of KB Home common stock that may be issued pursuant to each PSU. Each PSU recipient is also entitled to a cash payment equal to the ratio of such final number of shares issued to them to their respective Award Shares multiplied by a credited dividend equivalent amount for each Award Share. The credited dividend equivalent amount is equal to all the cash dividends paid in respect of one share of KB Home common stock with a record date between the grant date and the date the committee determines the applicable performance achievements. If performance over the performance period for all three performance measures is below specific thresholds, each PSU recipient will receive no shares of KB Home common stock and no credited cash dividend amount. A recipient will generally forfeit all rights to receive Award Shares and cash upon a termination of service, except that a recipient will vest in the full Award Shares and cash payout ultimately determined for each PSU, if any, upon their death, disability or attaining or having attained at least 55 years of age and 15 consecutive years of service with KB Home.

The below table shows the respective Award Shares granted to KB Home’s named executive officers on October 9, 2025.

Named Executive OfficerPerformance-Based Restricted Stock Units (#)
Robert V. McGibney60,774
Jeffrey T. Mezger125,022
Albert Z. Praw16,496
Brian J. Woram16,496


2


SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: October 15, 2025
 
KB Home
By:/s/ William A. (Tony) Richelieu
William A. (Tony) Richelieu
Vice President, Corporate Secretary
and Associate General Counsel
 

3

FAQ

What did KBH announce regarding executive compensation?

KB Home approved grants of performance-based restricted stock units (PSUs) to its named executive officers under its 2014 Equity Incentive Plan.

What is the PSU performance period for KBH?

The performance period runs from December 1, 2025 to November 30, 2028.

How are KBH PSU payouts determined?

Each PSU pays 0%–200% of Award Shares based on three measures: cumulative adjusted EPS (40%), average adjusted ROIC (35%), and relative revenue growth (25%).

Which KBH executives received PSU Award Shares and how many?

On October 9, 2025: Jeffrey T. Mezger 125,022; Robert V. McGibney 60,774; Albert Z. Praw 16,496; Brian J. Woram 16,496.

Do KBH PSUs include dividend equivalents?

Yes. Recipients are entitled to a cash payment based on credited dividend equivalents for dividends with record dates between grant and performance determination.

When do KBH PSUs vest if service ends?

Unvested PSUs generally forfeit upon termination, except that full Award Shares and cash payout, if any, vest upon death, disability, or age 55 with 15 consecutive years of service.
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