Cory Boydston - Director | Builders FirstSource (BLDR) Executive Profile & Compensation

About Cory Boydston

Independent director at Builders FirstSource (BLDR) since 2021; age 66. Career CFO and CPA with 40+ years of public company finance experience primarily in homebuilding; currently serves on BLDR’s Nominating & Corporate Governance Committee. Board determined she is independent under NYSE and SEC standards; in 2024 each incumbent director attended at least 75% of combined Board and committee meetings, and her committee recorded 100% meeting attendance .

Past Roles

Organization	Role	Tenure	Committees/Impact
Ashton Woods USA L.L.C.	Chief Financial Officer	2009–2022	Led finance at largest private U.S. homebuilder; deep end‑market expertise
Starwood Land Ventures, LLC	SVP, CFO & Partner	2008–2009	Residential land acquisition/development finance leadership
Beazer Homes USA, Inc.	SVP, Finance & Treasury	1998–2008	Corporate finance and treasury in public homebuilder
Lennar Corporation	CFO and other senior roles	1987–1997	Senior finance leadership at major homebuilder

External Roles

Organization	Role	Tenure	Committees/Impact
The New Home Company (private)	Director	2023–Present	Audit Committee Member; ESG Committee Member
BMC Stock Holdings, Inc.	Director (prior)	2018–2021	Public board experience; industry interlock history (BMC merged with BLDR)

Board Governance

Committee assignments: Nominating & Corporate Governance Committee (Member). That committee met 5 times in 2024 with 100% attendance; responsibilities include director nominations, committee appointments, director compensation eligibility/levels, governance oversight, and CSR/sustainability oversight .
Independence: Affirmatively determined independent; all members of Audit/Compensation/Nominating committees meet heightened SEC/NYSE independence standards .
Attendance: In 2024, Board met 9 times; each incumbent director attended at least 75% of combined Board/committee meetings (her committee logged 100%) .
Executive sessions: Independent directors meet in regularly scheduled executive sessions outside management presence .

Fixed Compensation

Component	Amount/Policy	2024 Actual for C. Boydston
Annual Board cash retainer	$120,000 (payable quarterly)	$124,677 (elected to receive in Common Stock for 2024)
Committee member fee	$5,000 per committee; Chair fees: Audit $30,000; Comp $20,000; Nominating $20,000; Technology $20,000	Included in “Fees Earned” amount; taken in Common Stock
Meeting fees	None (no per‑meeting fees)	N/A
Total director cash/stock fees	—	$124,677

Notes

Several directors, including Boydston, elected to take annual retainers and committee fees in fully vested Common Stock for the full year 2024—an alignment positive .

Performance Compensation

Equity Award	Grant Value/Structure	Vesting
Annual RSU grant (director)	$175,000 grant value (shares determined by grant‑date fair market value)	Vests in full on earlier of first anniversary or upon death, disability, or retirement
2024 RSU grant (reported value)	$174,945 (aggregate grant‑date fair value)	As per director RSU vesting terms above

Directors do not receive options or performance‑conditioned equity; RSUs are time‑vested and designed for retention and alignment .

Other Directorships & Interlocks

Company	Relationship to BLDR	Potential Interlock/Conflict Considerations
The New Home Company (private)	Operates in BLDR’s end‑market (homebuilding)	Industry overlap with customers; Board affirmed independence; related‑party transactions reviewed by Audit Committee per policy
BMC Stock Holdings, Inc. (prior)	Pre‑merger public peer; BLDR completed merger with BMC in 2021	Historical interlock; not ongoing; no related‑party transaction disclosed for Boydston

Expertise & Qualifications

Homebuilding industry, finance, business development/M&A; public company board experience .
Committee work aligned to governance and CSR oversight via Nominating & Corporate Governance Committee .

Equity Ownership

Metric	Value	Context
Beneficial ownership (as of March 28, 2025)	20,955 shares; less than 1% of outstanding
RSUs outstanding (as of Dec 31, 2024)	1,194 underlying shares
Stock ownership guidelines	Directors expected to hold ≥5x annual cash retainer; unvested RSUs count; all directors/executives either compliant or in grace period (as of Oct 2024 review)
Hedging/pledging policy	Anti‑hedging and anti‑pledging prohibitions without prior written approval; insider trading policy applies to directors

Governance Assessment

Alignment positives:
- Independent director with deep end‑market finance experience; sits on Governance Committee overseeing nominations, compensation eligibility/levels for directors, and CSR/sustainability—supports board effectiveness .
- Strong engagement: committee attendance 100%; overall Board and committee attendance threshold met; presence of executive sessions enhances independent oversight .
- Compensation mix shows equity alignment: elected to take retainers/fees in stock; annual RSU grant structure promotes ownership; beneficial ownership disclosed; director ownership guidelines in place and broadly complied with .
- Robust related‑party and ethics policies; Audit Committee reviews material related‑party transactions; no specific related‑party transactions disclosed for Boydston .
Potential watch items:
- Industry overlap: external directorship at a private homebuilder in BLDR’s end‑market could present perceived conflict if material transactions occur; mitigated by independence determination and related‑party oversight .
- Historical interlock via prior BMC board service is legacy and non‑current; monitor any future shared boards with suppliers/customers (PGT example applied to other directors previously) .
Broader governance signals:
- High say‑on‑pay support (nearly 95% in 2024) indicates investor confidence in compensation governance; Board is proposing declassification and added a Technology Committee, both positive governance evolutions .