Lila Snyder
PULTEGROUP INC/MI/About Lila Snyder
Independent director at PulteGroup (PHM) since 2018, age 52, serving on the Compensation and Management Development Committee and the Finance & Investment Committee . The Board has determined she is independent under NYSE and company standards . Snyder is CEO of Bose Corporation (since August 2020) and previously held senior executive roles at Pitney Bowes and was a partner at McKinsey, with expertise in digital technology, media, cybersecurity, strategy, operations, marketing, and sales . In 2024, each director attended at least 90% of Board and relevant committee meetings (Board met 6 times; her committees met 4 times and 6 times respectively), indicating strong engagement .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Bose Corporation | Chief Executive Officer | Aug 2020 – present | Led large multinational private company in technology and audio; digital and cybersecurity oversight |
| Pitney Bowes, Inc. | EVP & President, Commerce Services | Oct 2017 – Aug 2020 | Operated global commerce services businesses |
| Pitney Bowes, Inc. | President, Global Ecommerce | Jun 2015 – Oct 2017 | Led ecommerce growth and operations |
| Pitney Bowes, Inc. | President, Document Messaging Technologies | Nov 2013 – Jun 2015 | Managed technology-focused business unit |
| McKinsey & Company | Partner; led Stamford office | Not disclosed | Advised across digital tech, media, cybersecurity; strategy and operations |
External Roles
| Company | Role | Public Company? | Committee Roles |
|---|---|---|---|
| None disclosed beyond PHM | — | — | — |
| No other public company board service is disclosed in PHM’s proxy biography for Snyder . |
Board Governance
- Committee assignments: Compensation and Management Development; Finance & Investment .
- Chair roles: None; current chairs are Grisé (Compensation), Hawaux (Audit), Blair (Nominating & Governance), Peshkin (Finance & Investment) .
- Independence: Board affirmatively determined Snyder is independent .
- Attendance and engagement: Board met 6 times in 2024; each director attended ≥90% of Board and committee meetings. Compensation Committee met 4 times; Finance & Investment met 6 times .
- Executive sessions: Non-management directors held regular executive sessions; at least one scheduled in 2025, chaired by the Non-Executive Chairman .
- Time-commitment policy: Directors may not serve on more than four public boards; CEOs of other public companies limited to two. Board reports all nominees are compliant with these guidelines .
- Governance protections: Prohibition on hedging and pledging by directors; strong governance guidelines and codes of ethics .
Fixed Compensation
2024 non-employee director compensation for Lila Snyder:
| Component | Amount (USD) | Notes |
|---|---|---|
| Annual cash retainer | $95,000 | No chair fees; meeting fees not applicable |
| Equity grant (common shares) | $180,075 | 1,528 shares granted on May 6, 2024 (value based on avg high/low price at grant) |
| Nonqualified deferred compensation earnings | $0 | — |
| All other compensation | $0 | — |
| Total | $275,075 | — |
Director equity ownership guidelines: at least 5x annual cash retainer within 5 years; Board states all continuing non-employee directors have met or are on track to meet these guidelines .
Performance Compensation
Directors do not receive performance-based pay; the annual equity retainer is granted as common shares (with some directors electing deferral into fully vested deferred share units). No options are outstanding for directors as of year-end 2024 .
| Grant Date | Shares | Instrument | Vesting | Performance Metrics |
|---|---|---|---|---|
| May 6, 2024 | 1,528 | Common shares / DSUs (if deferred) | DSUs are fully vested units settled per deferral election; equity retainer shares are granted outright | None (director pay not tied to operational metrics) |
Company-wide executive incentive metrics (for context under Snyder’s Compensation Committee oversight): Adjusted pre-tax income and operating margin in the annual program; relative TSR, return on equity, and operating margin in PSUs; clawbacks in place (Dodd-Frank and misconduct) .
Other Directorships & Interlocks
| Entity | Relationship | Potential Interlock |
|---|---|---|
| Bose Corporation | CEO | No related-party transactions or interlocks disclosed between PHM and Bose |
| No compensation committee interlocks or related-party transactions involving Snyder are disclosed . |
Expertise & Qualifications
- Digital technology, media, cybersecurity, and communications leadership; strategy, operations, marketing, sales execution .
- Senior executive experience at large enterprises and consulting partner background .
- Board-level competencies include public company leadership, governance, and human capital (per PHM’s skills matrix framework) .
Equity Ownership
| Holder | Beneficial Ownership | Composition | % of Outstanding |
|---|---|---|---|
| Lila Snyder | 17,265 shares | Includes 12,725 deferred share units | <1% |
- Hedging and pledging of company stock are prohibited for directors and employees under PHM policy .
- Director ownership guideline: ≥5x cash retainer; Board reports compliance or on-track status for all continuing directors .
Governance Assessment
- Strengths: Independent status; strong meeting attendance; technology and cybersecurity expertise valuable for risk oversight; service on Compensation and Finance committees supports capital allocation and pay-for-performance oversight; robust anti-hedging/pledging policies; active board evaluation process and refreshment .
- Compensation oversight quality: Compensation Committee is fully independent; uses an independent consultant (Semler Brossy) with no conflicts; maintains dual clawback policies; say-on-pay support ~92% in 2024 indicates shareholder confidence in compensation governance .
- Alignment: Director pay mix emphasizes equity ($180k shares vs $95k cash), and Snyder holds deferred share units, supporting “skin-in-the-game” alignment; director ownership guidelines further reinforce alignment .
- Conflicts and red flags: No related-party transactions disclosed for Snyder; prohibitions on hedging/pledging reduce misalignment risk; time-commitment policies monitored and reported as compliant; no tax gross-ups or option repricing practices cited by the company; no insider trading concerns disclosed in the proxy .
Overall signal: Snyder’s independence, attendance, expertise, and equity alignment, combined with PHM’s governance policies and strong shareholder support on pay, are supportive of board effectiveness and investor confidence .