Sundar PichaiSundar Pichai earned $164M in 2023

Dale Francescon is the Co-CEO of Century Communities, Inc., a key player in the real estate market since 2002. With a solid educational background, holding a B.S. in Business Administration from the University of Southern California, he knows his stuff...

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Dale Francescon

Founder and Ex-CEO of Century Communities

Education

B.S. in Business Administration from the University of Southern California

Field of Expertise

Real Estate & Construction - Real Estate

Sector of Economy

Consumer Cyclical

Born

May 15, 1953 - 71 years ago

CEO of Century Communities for

22 years 4 months (Aug 2002 - Dec 2024)

Previous Experience

Co-Division President for D.R. Horton; owned and operated Trimark Communities.

Holdings

See how much did Dale Francescon make over time.

Dale Francescon's financial stakes in Century Communities reveal a significant commitment. As of the end of 2022, he and his brother owned around 5.8 million shares, representing about 11.9% of the company's stock. This shows his vested interest in the...

Total Stock Sold

$38.05M

CCS

$38.05M

875,000 CCS shares

What if they kept their stock?

If Dale Francescon didn't sell their stock, today they would have:
Extra CCS875,000 shares worth $14.01M.
This is -63.18% and $24.04M less than what they got when they sold the stock.

Charitable Transactions

CCS

410,238 shares

CCS

Recent Charitable Transactions

CCS

10,000 shares

CCS

Jul 15, 2024

Charity

CCS

25,000 shares

CCS

Jan 19, 2023

Charity

CCS

280,000 shares

CCS

Nov 17, 2021

Charity

CCS

95,238 shares

CCS

Dec 23, 2016

Charity

Insider Trading

See recent insider trades of Dale Francescon.

CCS

210,840 shares

CCS

Feb 5, 2025

Received

CCS

$4.61M

CCS at $92.22/share

Aug 16, 2024

Sale

CCS

10,000 shares

CCS

Jul 15, 2024

Charity

CCS

69,326 shares

CCS

Feb 7, 2024

Received

CCS

$6.38M

CCS at $63.79/share

Feb 14, 2023

Sale

CCS

107,913 shares

CCS

Jan 19, 2023

Received

CCS

25,000 shares

CCS

Jan 19, 2023

Charity

CCS

130,760 shares

CCS

Feb 9, 2022

Received

CCS

280,000 shares

CCS

Nov 17, 2021

Charity

CCS

$7.26M

CCS at $72.59/share

Aug 11, 2021

Sale

Compensation History

See how much did Dale Francescon make over time.

Dale Francescon's compensation package is designed to reward performance, emphasizing that when the company does well, so does he. In 2023, he earned a total of $12.6 million, which included a base salary of $1 million and a bonus of $7 million tied to the company surpassing its performance goals. His previous annual total compensation varied widely, highlighting the performance structure, with significant bonuses or stock awards depending on success across specific metrics like revenue and EBITDA. This model means that if Century Communities grows and excels, his pay reflects that growth, aligning his interests with shareholders. It’s a smart strategy ensuring that executives focus on the company’s long-term success instead of short-term profits. His approach aims to maintain a competitive edge in the real estate market.

Year

2023

Total Compensation

$8.08M

Salary

$1.00M

Board Justification

The compensation philosophy emphasizes performance-based compensation elements, with superior performance resulting in above-market pay, and underwhelming performance resulting in below-market pay, aligning executive compensation with stockholder interests.

Bonus

$7.00M

Board Justification

The bonus is based on the achievement of specific annual financial and operational objectives, with actual performance exceeding maximum for all three performance metrics: revenue, adjusted EBITDA, and closings.

Other

$75.00K

Board Justification

Other compensation includes a 401(k) match and allowances for automobile and cell phone expenses.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock grants were vested in 2023 as the focus is on performance-based compensation and the stock awards are not included in total compensation calculations.

Performance Metrics

The performance metrics for 2023 included revenue (20%), adjusted EBITDA (60%), and closings (20%).