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Paul J. Romanowski

President and CEO at HORTON D R INC /DE/
Since October 1, 2023
Age
53 years
Education
Graduated from Butler University in 1992 with a bachelor of business administration degree in marketing.
Tenure
Has served at DHI for over 20 years, holding positions including South Florida Division President (1999–2014), Region President (2014–2021), Co-Chief Operating Officer (October 2021–September 2023), and President and CEO from October 1, 2023.

Also at HORTON D R INC /DE/

DVA
David V. Auld
Executive Chairman
BWW
Bill W. Wheat
EVP and CFO
MJM
Michael J. Murray
EVP and COO

About

Paul J. Romanowski has built an extensive career at DHI over more than two decades, progressing through a series of leadership roles that underscore his deep experience in the homebuilding industry. Beginning as the South Florida Division President in 1999, he later assumed the responsibilities of Region President, overseeing operations across Florida, the Gulf Coast, and five Mid-Atlantic states.

His leadership skills and operational insight led to his appointment as Co-Chief Operating Officer in October 2021, a position in which he helped guide the nation’s largest homebuilder through a competitive market landscape. His steady rise within the company culminated in his promotion to President and CEO on October 1, 2023, a role that also granted him a seat on the Board of Directors.

Beyond his professional achievements, his career reflects a commitment to both operational excellence and effective mentorship, qualities that have contributed to DHI’s success in the homebuilding sector. While personal details remain limited, his educational background—graduating from Butler University in 1992 with a business administration degree—provides additional insight into the foundation of his career.

$DHI Performance Under Paul J. Romanowski

Past Roles

OrganizationRoleDate RangeDetails
D.R. Horton, Inc. Executive Vice President and Co-Chief Operating Officer October 2021 – September 2023 N/A
D.R. Horton, Inc. Region President, Florida and Gulf Coast 2014 – 2021 Oversight of five Mid-Atlantic states starting in 2019
D.R. Horton, Inc. Division President, South Florida 1999 – 2014 N/A
M/I Homes Land Acquisition Manager 1997 – 1999 N/A
Metrostudy South Florida Director 1992 – 1997 N/A

Fixed Compensation

Data from  FY 2024
Component NameAmountPayment ScheduleAdditional Details
Base Salary$700,000 AnnualFixed base salary for 2024
Restricted Stock Units (RSUs)Included in stock awards ($19,565,399) At vestingSpecific RSU portion not separately detailed
Company Contributions to SERP 2$70,000 AnnualCompany contribution to SERP 2 account
401(k) Matching Contributions$10,350 AnnualMatching contributions for 401(k) plan

Performance Compensation

Data from  FY 2024

Pre-Tax Income (PTI) Bonus

Metric1st Semi-Annual 2nd Semi-Annual Annual Total
Pre-Tax Income (PTI)$2,776,034,299$3,508,639,190$6,284,673,489
Bonus Earned$4,164,051$5,262,959$9,427,010
Cash Payment$2,081,987$2,631,428$4,713,415
Stock Payment$2,082,064$2,631,531$4,713,595
Bonus Percentage0.15% of PTI0.15% of PTIUp to $14,000,000 cap

Conditions: Bonus is earned only if positive PTI and is split equally between cash and stock; the stock portion is based on the closing stock price on the grant date.


Performance Stock Units (PSUs)

Metric (Weight)Threshold PerformanceTarget PerformanceMaximum PerformanceVesting Details
Relative TSR (25%)9 pts below S&P 500 Index TSREqual to S&P 500 Index TSR10 pts above S&P 500 Index TSR10% vesting at threshold, 100% at target, 200% at max
Relative PT-ROA (50%)6th rank (of 9 companies)3rd rank1st rank50% vesting at threshold, 100% at target, 200% at max
Relative Operating Margin (25%)6th rank (of 9 companies)3rd rank1st rank50% vesting at threshold, 100% at target, 200% at max

Grant Details:

  • Grant Date: December 12, 2023
  • Target Number of PSUs: 92,912
  • Grant Date Fair Value (Total): $13,632,049
  • Grant Date Stock Price (per unit): $146.72
  • Maximum PSUs Available: 185,824

Evaluation Period: October 1, 2023 to September 30, 2026

These performance compensation components ensure that executive payouts are directly linked to company performance metrics and shareholder value creation.