Dream Finders Homes, Inc. announced that its Board of Directors approved amendments to its 2021 Equity Incentive Plan on August 20, 2026. The key change, which received shareholder approval, creates an exception to the annual compensation limit for non-employee directors serving in board leadership roles.
Key Details
- Director Compensation: The amendment creates an exception to the $400,000 annual limit on cash and equity compensation for any non-employee director who serves as Chairman, Co-Chairman, or Lead Director.
- Shareholder Approval: The change to the director compensation limit was approved on August 20, 2026, by the holder of a majority of the company's voting power via written consent.
- Other Amendments: The plan's governing law was changed from Delaware to Texas, and the definition of "Fair Market Value" was modified to allow for greater flexibility in stock valuation methods.