Arthur Collins

About Arthur R. Collins

Arthur R. Collins (age 64) is an independent director of KB Home and has served on the Board since 2020. He is the founder and Chairman of theGROUP, a strategy, policy and communications firm, and previously was Chairman and CEO of Public Private Partnership, Inc. He brings deep advisory experience to corporate, governmental, nonprofit and political organizations across national security, energy, healthcare, agriculture, IT, transportation, manufacturing and financial services, with a significant presence in Washington, D.C. and the Southeast U.S. .

Past Roles

External Roles

Board Governance

• Committee assignments: Member, Management Development & Compensation Committee; Member, Nominating & Corporate Governance Committee .
• Independence: All directors except the CEO are independent; only independent directors serve on committees .
• Attendance and engagement: In 2024, the Board held 4 meetings; Audit & Compliance met 6 times; Compensation met 5 times; Nominating & Corporate Governance met 4 times. Each incumbent director standing for election attended at least 75% of their total Board and committee meetings, and all directors elected at the 2024 annual meeting attended that meeting .
• Executive sessions: Non-employee directors hold an executive session without management at each regularly scheduled Board meeting .
• Related-party transactions: During 2024, there were no related party transactions involving outside directors. The Board’s independence review did not identify a material interest for Mr. Collins; specific relationships noted involved other directors (Barra, Dominguez, Weaver) and were deemed not to impair independence .

Fixed Compensation

Program structure and rates (non-employee directors):

• Lead Independent Director retainer: $40,000; Committee retainers — Chair: Audit $27,500; Compensation $21,000; Nominating $20,000; Member: Audit $12,500; Compensation $10,000; Nominating $10,000; Meeting fees: $1,500 per applicable meeting. Retainers can be taken in cash, unrestricted shares, or deferred stock units; equity grants are made on election to the Board .

Performance Compensation

• Non-employee directors do not receive performance-based incentive pay. 2024 equity election and grant mechanics:
  • 2024 equity election and grant: Mr. Collins received 3,020 common shares; zero stock units. Grants for 2024 directors were made on April 18, 2024. Stock units (if elected) convert to common shares at the earlier of a change in control or departure from the Board, receive dividend equivalents, and have no voting rights .

Other Directorships & Interlocks

KB Home’s Annex on independence determinations cited certain relationships for other directors (Home Depot purchases; Douglas Emmett office lease and donation; Cox service payments/marketing-related receipts) and deemed them not impairing independence; Mr. Collins was not listed among those with reviewed relationships .

Expertise & Qualifications

• Founder/Chairman of strategy and communications firms; advisory depth across national security, energy, healthcare, agriculture, IT, transportation, manufacturing, and financial services .
• Geographic relevance: strong presence in Washington, D.C. and Southeast U.S., regions material to KB Home’s operations .
• Governance experience: current public company director at Aflac Incorporated and RLJ Lodging Trust; substantial nonprofit/academic board leadership (e.g., Morehouse School of Medicine) .

Equity Ownership

Governance Assessment

• Committee influence: As a member of the Compensation Committee, Collins participates in oversight of executive pay, human capital and succession, annual compensation risk assessments, clawback policy compliance, and the use of an independent consultant (FW Cook) — key levers affecting pay-for-performance integrity and risk alignment .
• Nominating/Governance role: Oversees governance policies, Board evaluations, and reviews/approves related-party transactions — a critical checkpoint for conflicts and Board composition quality .
• Independence and conflicts: No related-party transactions involving outside directors in 2024; independence determinations did not cite Collins in any potential conflict areas; prohibition on hedging/pledging further supports alignment .
• Attendance/engagement: Board and committee cadence (Board: 4; Audit: 6; Compensation: 5; Nominating: 4) and minimum 75% attendance threshold for incumbents; executive sessions at each regular meeting bolster independent oversight .
• Shareholder alignment signals: Director ownership guideline of 5x retainer with confirmed compliance; director equity elections/grants increase ownership exposure. 2024 Say-on-Pay support was 81%, and management engaged holders representing over 50% of shares, with program refinements tied to feedback — supportive for investor confidence in compensation governance .
• Indemnification: Updated director indemnification agreements (Jan 2024) in place — standard for director risk protection without indicating conflicts .

RED FLAGS

• None identified in KB Home’s 2025 proxy for Mr. Collins: no related-party transactions involving outside directors in 2024; not over-boarded under KBH policy; hedging/pledging prohibited; all directors in compliance with ownership guidelines .