Paul Levy
Builders FirstSourceAbout Paul S. Levy
Paul S. Levy, age 77, has served on the BLDR Board since 1998 and is the independent Chairman of the Board. He is founder and Managing Director of JLL Partners and brings extensive investing, legal (former general counsel), and CEO experience, with prior public company board service at Patheon and PGT Innovations and current service at Loar Holdings. The Board notes Levy provides strategic leadership, setting meeting timing and agendas, with active participation from all directors. Independence was affirmatively determined by the Board under NYSE and SEC standards.
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| JLL Partners, Inc. | Founder & Managing Director | 1988 – Present | Private equity leadership; breadth in business management and M&A |
| Patheon, Inc. | Director | 2011 – 2017 | Public company governance |
| PGT Innovations, Inc. | Director | 2006 – 2013 | Public company governance; PGT was a BLDR supplier historically |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Loar Holdings, Inc. | Director | 2024 – Present | Aerospace components manufacturer (non-overlapping industry with BLDR) |
Board Governance
- Role and leadership: Levy serves as Chairman of the Board and leads timing, agendas, and procedure; Board currently has 13 directors.
- Committee assignments: Levy is Board Chair; he is not listed as a member of Audit, Compensation, Nominating & Corporate Governance, or Technology Committees.
- Independence: Board determined Levy is independent under NYSE and SEC standards.
- Meetings and attendance: In 2024, Board met 9 times; Audit 4; Compensation 5; Nominating & Corporate Governance 5; each incumbent director attended at least 75% of combined Board/committee meetings.
- Executive sessions: Independent directors meet in regularly scheduled executive sessions outside management.
- Governance guardrails: Directors generally limited to four public company boards; audit committee members limited to three audit committees; NCG oversees annual board/committee evaluation, with independent third-party review in fall 2024; Technology Committee formed April 1, 2025.
Fixed Compensation
| Component | Amount | Notes |
|---|---|---|
| Annual cash retainer (directors) | $120,000 | Payable quarterly in advance. |
| Chair of the Board retainer | $150,000 | In addition to director retainer. |
| Committee Chair fees | Audit: $30,000; Compensation: $20,000; NCG: $20,000; Technology: $20,000 | No meeting fees. |
| Committee Member fees (non-Chair) | $5,000 per committee | No per-meeting fees. |
| Elect stock in lieu of cash | Permitted (fully vested shares, quarterly) | Election only in open window; effective following year. |
| Year | Fees Earned or Paid in Cash ($) | Stock Awards ($) | Total ($) |
|---|---|---|---|
| 2024 | 269,418 | 174,945 | 444,363 |
| 2023 | 252,219 | 174,966 | 427,185 |
- Levy elected to receive annual cash retainers and committee fees in Common Stock in 2023 and 2024, aligning pay structure with shareholder outcomes (amounts include grant-date fair value of these stock awards).
Performance Compensation
| Equity Type | Grant Value | Grant Mechanics | Vesting | Notes |
|---|---|---|---|---|
| Director RSUs | $175,000 per year | Shares determined by dividing grant value by fair market value on grant date. | Vest in full on earlier of first anniversary of grant or upon cessation due to death, disability, or retirement. | No options or PSUs disclosed for directors; no performance metrics tied to director equity. |
| RSUs held (as of date) | 1,446 (12/31/2023) | — | — | Director RSUs outstanding by member; Levy held 1,446. |
| RSUs held (as of date) | 1,194 (12/31/2024) | — | — | Levy held 1,194. |
Other Directorships & Interlocks
| Company | Relationship to BLDR | BLDR Director(s) with Role | Nature of Interlock |
|---|---|---|---|
| Loar Holdings, Inc. | No disclosed BLDR supplier/customer link; aerospace components | Paul S. Levy (Director), Brett N. Milgrim (Co-Chairman), Dirkson R. Charles (Founder, CEO & Exec Co-Chairman) | Multiple BLDR directors affiliated; industry unrelated to BLDR’s building products. |
| PGT Innovations, Inc. | Historical BLDR supplier | Paul S. Levy (Director, 2006–2013) | Some BLDR directors previously served on PGT’s board; all resigned when PGT was acquired by MITER Brands in March 2024, mitigating potential conflicts. |
Expertise & Qualifications
- Skills & qualifications: Building materials industry experience, finance, legal, business development and M&A.
- Background breadth: CEO experience, general counsel, practicing lawyer.
Equity Ownership
| Date | Shares Beneficially Owned | % of Shares Outstanding | Notes |
|---|---|---|---|
| April 15, 2024 | 1,169,841 | * (does not exceed 1%) | Includes shares with right to acquire within 60 days. |
| March 28, 2025 | 1,172,687 | 1.0% | Footnote indicates 1,194 shares issuable upon RSU conversion. |
- Stock ownership guidelines: Directors expected to hold shares equal to 5x annual cash retainer (excluding chair/committee retainers); unvested RSUs count; in Oct 2024, Compensation Committee found all directors either compliant or within grace period.
- Anti-hedging/anti-pledging policy: Directors may not hedge or pledge company securities without prior written approval of the General Counsel.
Governance Assessment
- Board effectiveness and independence: Levy’s long tenure and chair role provide continuity and strategic oversight; independence affirmed; executive sessions and formal evaluation processes support governance quality.
- Alignment signals: Levy consistently elects equity in lieu of cash retainers; holds a meaningful stake (1.0%), and RSUs are time-based without performance dilution.
- Committee structure and conflicts: Levy is not on key committees, which remain fully independent; compensation committee discloses no Item 404 relationships; related-party policy requires approval and discloses prior PGT board ties with resignations post-acquisition.
- Director workload: Company’s overboarding limits and third-party board evaluation (2024) mitigate capacity/engagement risk.
- RED FLAGS: None disclosed for Levy regarding attendance shortfalls, hedging/pledging, loans, or related-party transactions. Historical interlock with a supplier (PGT) ended in 2024 after acquisition; current Loar affiliations appear non-conflicting due to industry separation.
Overall, Levy’s governance posture reflects strong independence, material ownership alignment, and a conservative director compensation structure, with minimal conflict risk and robust board processes.