How Merrill was paid
$6.4M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Bonus | Stock | Options | Incentive | Other | Total |
|---|---|---|---|---|---|---|---|
| Allan P. MerrillPresident and Chief Executive Officer | $1,064,525 | $705,292 | $3,278,492 | — | $1,211,280 | $107,625 | $6,367,213 |
| David I. GoldbergSenior Vice President and Chief Financial Officer | $645,950 | $385,179 | $994,661 | $5,573 | $406,284 | $60,133 | $2,497,780 |
| Michael A. DunnSenior Vice President and General Counsel | $350,000 | $115,777 | $201,759 | $5,648 | $21,420 | $57,989 | $752,593 |
What changed and why
- $6.4MCEO total compensation was $6,367,213 in fiscal 2025.
- 0.4%Homebuilding revenue reached $2,300,000,000, showing a year-over-year increase of 0.4%.
- $45.6MNet income from continuing operations was $45,600,000, compared to $140,200,000 in fiscal 2024.
- $157.7MAdjusted EBITDA was $157,700,000, compared to $243,400,000 in fiscal 2024.
- 96%Stockholders supported the prior say-on-pay proposal with 96% approval.
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.