John R. Peshkin
PULTEGROUP INC/MI/About John R. Peshkin
Independent director of PulteGroup since 2016 (age 64). Founder and Managing Partner of Vanguard Land, LLC (private real estate investment group) since 2008; previously founder/CEO of Starwood Land Ventures (affiliate of Starwood Capital) until 2008; spent 24 years at Taylor Woodrow plc, serving as North American CEO and President (2000–2006). Designated an “audit committee financial expert” under SEC rules.
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Vanguard Land, LLC | Founder & Managing Partner | 2008–present | Private real estate investment group focused on residential and commercial land in Florida. |
| Starwood Land Ventures (affiliate of Starwood Capital) | Founder & CEO | –2008 | Led land investment platform at a major real estate private equity affiliate. |
| Taylor Woodrow plc (now part of Taylor Wimpey) | North American CEO & President | 2000–2006 | Senior operator in homebuilding; 24-year tenure at company. |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Standard Pacific Corp. (later CalAtlantic, acquired by Lennar) | Director (Public company) | 2012–2015 | Large U.S. homebuilder; provides industry board experience. |
Board Governance
- Current committee assignments: Chair, Finance & Investment Committee; Member, Compensation & Management Development Committee.
- Committee mandates:
- Finance & Investment: reviews long-term strategy and annual budgets, capital commitments, select land transactions, cash needs and funding plans (material to capital allocation in a land-heavy business).
- Compensation & Management Development: CEO/NEO pay, leadership development, succession planning, clawback policy oversight, human capital policies; uses independent consultant (Semler Brossy).
- Independence: Board affirmatively determined Peshkin is independent under NYSE and Company standards.
- Attendance/engagement: Board held 6 meetings in 2024; each director attended ≥90% of Board and applicable committee meetings. Executive sessions of non-management directors held regularly.
- Committee activity levels (2024): Audit (8); Compensation (4); Nominating & Governance (7); Finance & Investment (6).
- Director time commitments policy (board-limit guidelines) in place; all nominees compliant.
- Anti-hedging and anti-pledging policy applies to directors.
Fixed Compensation (Director Pay – 2024)
| Component | Detail | Amount |
|---|---|---|
| Annual cash retainer | Board membership fee | $95,000 |
| Committee chair fee | Finance & Investment Committee (Chair) | $25,000 |
| Total cash (earned) | Retainer + chair fee | $120,000 |
| Equity retainer | Annual grant in Company common shares (or DSUs if deferred) | $180,075; 1,528 shares granted on May 6, 2024 (valued at $180,000 using avg high/low; reported at $180,075 under ASC 718) |
| Deferred comp earnings | Earnings on deferrals (if elected) | $2,654 |
| Total 2024 compensation | Cash + equity + deferral earnings | $302,729 |
- Program structure (non-employee directors): $95,000 cash retainer; committee chair retainers ($25,000 for Finance/Comp/NomGov; $30,000 Audit); Non-Exec Chair +$75,000; annual equity retainer of $180,000 in shares; deferrals permitted (cash and equity), with deferred cash credited at 5-year UST + 2%.
Performance Compensation
- Directors do not receive performance-conditioned pay; there are no annual bonus metrics, options, or PSU structures for directors. Annual equity is a fixed-value retainer in common shares; when deferred, it converts into fully vested deferred share units (settled per 409A election).
- 2024 equity grant details for Peshkin:
- Type: Deferred share units (per election); Grant date: May 6, 2024; Shares/units: 1,528; Fair value: $180,075; Vesting: fully vested DSUs; Settlement: upon elected distribution schedule per the PulteGroup Deferred Compensation Plan for Non-Employee Directors.
Other Directorships & Interlocks
- Current public company directorships: None disclosed beyond PulteGroup.
- Prior public company board: Standard Pacific Corp. (2012–2015).
- Related-party transactions / interlocks: No interested transactions disclosed involving Peshkin since Jan 1, 2024; Company maintains Related Party Transaction Policy overseen by Nominating & Governance.
Expertise & Qualifications
- Real estate and housing domain expertise from senior executive roles and land investment leadership.
- Financial expertise with SEC “audit committee financial expert” designation.
- Capital allocation oversight as Finance & Investment Committee Chair.
Equity Ownership
| Measure | Amount |
|---|---|
| Beneficial ownership (3/6/2025) | 36,709 shares; includes 31,094 deferred share units; all shares owned jointly with spouse; <1% of outstanding shares. |
| Deferred share units outstanding (12/31/2024) | 31,094 DSUs (fully vested; subject to deferral). |
| Ownership guidelines | Directors must hold ≥5× annual cash retainer within 5 years; all continuing non-employee directors have met or are expected to meet guidelines. |
| Hedging/Pledging | Prohibited for directors under Insider Trading Policy. |
Governance Assessment
- Strengths
- Independent director with deep housing/land background and SEC-recognized financial expertise; chairs capital allocation-focused committee (Finance & Investment).
- Strong engagement profile: Board-wide ≥90% attendance; regular executive sessions; clear committee activity cadence.
- Pay alignment for directors: substantial equity retainer; meaningful share ownership guidelines; anti-hedging/pledging.
- Compensation governance where he serves (as Comp Committee member): independent committee, independent consultant (Semler Brossy) with no conflicts; robust clawback policies (Dodd-Frank restatement and separate misconduct clawback).
- Shareholder support signal: Say-on-Pay approved by ~92% in 2024, consistent with 5-year average ~92%.
- Watch items
- External business interests in Florida land (Vanguard Land). No related-party dealings disclosed, but continued monitoring prudent given PHM’s land transactions oversight role (he recuses if needed under Related Party policy). No Peshkin-related transactions disclosed since Jan 1, 2024.
- Red flags
- None disclosed for Peshkin regarding related-party transactions, attendance, hedging/pledging, or option repricing.